Bank accounts of 4 firms linked with S Alam’s personal secretary frozen

The BFIU found Tk 99.7 crore at the accounts of four companies of Md Akiz Uddin, also a former deputy managing director of Islami Bank Bangladesh
26 August 2024, 15:02 PM

75% telecom towers in Feni still non-functional: BTRC

Some 1,008 out of 14,551 towers are inactive in 11 districts
26 August 2024, 14:10 PM

Banking details sought of S Alam, 12 family members, companies

The BFIU also sought information related to their loan accounts with guarantee and loan repayment
26 August 2024, 12:51 PM

Stocks rise marginally

Stocks in Bangladesh yesterday maintained their upward momentum for a second day consecutively as Khondoker Rashed Maqsood, the new chairman of the Bangladesh Securities and Exchange Commission, made an announcement that bolstered investor confidence..Maqsood said that they will conduct a
25 August 2024, 18:00 PM

Restructure DSE board: brokers’ association

The DSE Brokers Association of Bangladesh wants appointment of seven new independent directors for the DSE board
25 August 2024, 14:39 PM

Banks freeze accounts of Padma Bank former chairman Nafeez Sarafat, family members

Bank accounts of their business entities will also remain frozen for the next 30 days
25 August 2024, 13:30 PM

BB hikes policy rate to tame inflation

Three months ago, the policy rate was hiked for the last time by 50 basis points to 8.5%
25 August 2024, 11:33 AM

Social Islami Bank gets new board of directors

The board has one director and four independent directors
25 August 2024, 10:57 AM

Mohammad Hatem, new BKMEA president

Previous president AKM Salim Osman resigned due to health issues
25 August 2024, 09:06 AM

Panel will include issues beyond its mandate in white paper: Debapriaya

The panel gets 90 days to prepare and submit the paper
25 August 2024, 07:18 AM

‘Bring back Islami Bank’s misappropriated funds’

Customers of Shariah-based banks yesterday urged the authorities concerned to bring back funds of Islami Bank Bangladesh which have allegedly been misappropriated by S Alam Group and ensure legal steps against the group’s owner Mohammed Saiful Alam and those who abetted him..The customers,
24 August 2024, 18:00 PM

Stocks rebound after 5-day losses

Stock markets in Bangladesh rebounded yesterday, snapping a five-day losing streak on the back of an appreciation of banking shares..Shares of banks like Islami Bank Bangladesh, BRAC Bank, City Bank, Pubali Bank and National Bank drew investors the most along with the shares of BAT Banglad
22 August 2024, 18:00 PM

ICT Division asks UNDP to probe its appointments at a2i

The ICT Division has urged the UNDP to conduct a thorough investigation into the allegations brought against certain consultants who were appointed for its Aspire to Innovate (a2i) programme by UNDP Bangladesh..According to a statement issued by the ICT Division, this demand was placed thr
21 August 2024, 18:00 PM

REHAB wants cancellation of Detailed Area Plan for 2022-2035

The association recommended approving building designs following the Dhaka Metropolitan Building Construction Rules-2008 and Master Plan of DAP 2010
21 August 2024, 08:49 AM
21 August 2024, 08:34 AM

Need favourable legal framework to recover NPLs

A favourable legal framework for facilitating the recovery of non-performing loans (NPLs) should be formed in consultation with the attorney general and legal experts, according to Selim RF Hussain, chairman of the Association of Bankers, Bangladesh (ABB)..Hussain, also managing director a
20 August 2024, 18:47 PM

Stock indexes drop for fourth day

Indexes of stock markets in Bangladesh maintained their losing streak for a fourth straight trading day yesterday as skittish investors made fresh bets on lucrative blue-chip stocks amid price fluctuations..A Dhaka-based investor said the situation of the market remained volatile as the in
20 August 2024, 18:00 PM

Demonstrators storm IDRA office

Around 300 officials of Sonali Life Insurance staged a demonstration in front of the office of the Insurance Development and Regulatory Authority (IDRA) today before storming the office and creating a frightening situation
20 August 2024, 14:06 PM

BB dissolves National Bank board for third time

The step has been taken for the sake of the depositors' money, according to the order issued by BB
20 August 2024, 12:23 PM

Inquiry committee to investigate complaints against five a2i officials

Muhammed Mehedi Hassan, additional secretary of the ICT Division, will chair the committee
20 August 2024, 12:12 PM