Deposits in banks are increasing and money outside the banking sector has decreased by Tk 45,000 crore in recent times, reflecting growing confidence in the banking sector, Bangladesh Bank (BB) Governor Ahsan H Mansur said yesterday.

Loose and bottled soybean oil have become costlier in Bangladesh due to price hikes in the global market amid a supply shortage of the key cooking ingredient, according to traders.

The Bangladesh Securities and Exchange Commission (BSEC) has decided to conduct an inquiry into allegations of regulatory non-compliance against two mutual funds managed by Investasia Capital and Asset Management Ltd.

The government appointed an administrator to the Chittagong Chamber of Commerce and Industry (CCCI) yesterday, seven days after the president and the remaining 23 directors of the CCCI executive board resigned following protests.

M Aslam Alam, former rector of the Bangladesh Public Administration Training Centre, has been appointed as chairman of the Insurance Development and Regulatory Authority (Idra).

The Bangladesh Securities and Exchange Commission (BSEC) yesterday formed a committee to look into allegations of market manipulation by Mohammed Saiful Alam and Salman F Rahman, owners of S Alam Group and Beximco Group, respectively.

Indices of the Bangladesh stock market extended their losing streak for a sixth consecutive day yesterday as investors traded cautiously ahead of corporate earnings disclosures, which  influence investor decisions.

As we witness the devastation caused by climate induced disasters around the world and the floods across our nation, it becomes painfully clear that the impacts of climate change and global warming are no longer distant threats but a harsh reality.

Bangladesh Financial Intelligence Unit (BFIU) today asked banks to provide details of accounts of former state minister for foreign affairs Md Shahriar Alam, his wife and son.

Alam's appointment comes following Mohammad Jainul Bari's resignation as chairman of the insurance regulator on September 5.

The Bangladesh Securities and Exchange Commission (BSEC) has formed a committee today to investigate the market involvement and activities by Saiful Alam and Salman F Rahman -- owner of controversial conglomerate S Alam Group and Beximco Group, respectively

BB is not blocking or interfering with the accounts of any businesses, regardless of their political affiliations, said BB Governor Ahsan H Mansur

The Bangladesh Bank is set to rescue problem banks including some Shariah-based banks controlled by S Alam Group by managing liquidity or merging a few.

Bangladesh Bank Governor Ahsan H Mansur yesterday said the taskforce being formed for identifying areas of concern in the country’s banking sector will begin working within the next 10 days.

Bangladesh aims to increase its merchandise and service exports by about 12.74 percent year-on-year to $57.5 billion in the fiscal year 2024-25, according to Finance and Commerce Adviser Salehuddin Ahmed.

Inflation eased in August but remained at over 10 percent, as higher prices of goods and services continued to strain the purchasing power of consumers.

YiXin Bangladesh, a Chinese company in Bangladesh, will set up a footwear accessories manufacturing factory in the Bepza Economic Zone with an investment of $7.45 million.

Stocks in Bangladesh maintained their downward spiral for a fifth consecutive day yesterday as skittish investors made fresh bets on lucrative blue-chip and large-cap scrips to pocket short-term gains in the face of price fluctuations.

Some 45 garment factories in Ashulia and Gazipur, one of the country’s major industrial belts, were forced to shut down in the middle of the day yesterday amidst workers’ demonstrations, which have been sporadically erupting since last week.

Readers may agree with my supposition that the current financial misfortune of Bangladesh is largely caused by white-collar crimes. Edwin Sutherland, a US sociologist who coined this terminology, defined white-collar crime as “a crime committed by a person of respectability and high social status in the course of his occupation”.