Staff Reporter : The Anti-Corruption Commission (ACC) this week sought former National Board of Revenue official Matiur Rahman’s asset statement...
Day: June 28, 2024
Business Report : Leading local drugmaker Renata is going to sign an agreement with International Finance Corporation (IFC) to avail a foreign loan of $60 million. The fund will be handed over to Renata as working capital and its tenure will be six years, according to a posting of the company on the website of the Dhaka Stock Exchange. The drug manufacturer has recently received approval from its board of directors to go for the signing of the deal with...
Business Report : Turnover at the Dhaka Stock Exchange crossed the Tk 700-crore mark on Thursday after one and a half months as scrips of the bourse extended a rally for the third consecutive day riding on gains in large-cap shares. Turnover, which indicates the volume of shares traded during the session, increased 16.64 percent to Tk 705 crore compared to the previous trading session. Large-cap stocks such as Renata, Square Pharmaceuticals, Beximco Pharmaceuticals, Grameenphone, Olympic Industries, Saif Powertec, Heidelberg...
Business Report : Excess liquidity in Islamic banks dropped by Tk5,125 crore to Tk1,518 crore at the end of March 2024 compared with that of Tk6,643 crore in December 2023 Excess liquidity in the country’s Shariah banks nosedived by 77 per cent in March 2024 compared with that in December 2023, driven by a trust deficit. According to Bangladesh Bank data, excess liquidity in Islamic banks dropped by Tk5,125 crore to Tk1,518 crore at the end of March 2024 compared...
UNB : Britain’s Labour party has been forced to issue a clarification on comments made by its leader Keir Starmer regarding the removal of Bangladeshi migrants from the UK, as reports emerged of outrage among members of the British-Bangladeshi community ahead of next week’s general election. At a town hall with readers of The Sun, a right-wing tabloid, earlier this week, Starmer said: “At the moment people coming from countries like Bangladesh are not being removed because they’re not being...
Court Correspondent : A Dhaka court on Thursday ordered the authorities concerned to confiscate all moveable and immoveable properties of Quazi Abu Mahmud Faisal, First Secretary (Tax) of the National Board of Revenue, his wife Afsana Jasmin and some of his nearest relatives in connection with graft allegations brought against them.S Judge Mohammad Ash-Shams Joglul Hossain of Dhaka Metropolitan Senior Special Judge Court passed the order after Anti Corruption Commission (ACC) Assistant Director Md Mostafiz, and also the head of...
Special Correspondent : Bangladesh is currently under mounting pressure to meet its foreign debt interest obligations amid a severe economic...
Business Report : Bangladesh Bank (BB) on Thursday extended the time for the disbursement of loans under a Tk 5,000 crore refinance scheme to support farmers to get loans to grow crops and ensure food security for the country. There is demand for this scheme. So, the deadline for disbursing loans under the scheme has been extended to December 31 this year, the central bank said in a circular. The BB formed the refinance fund for banks in November 2022...
Court Correspondent : A Dhaka court on Thursday placed accused Foysal Ali and Mostafizur Rahman on a six-day remand each in connection with the abduction and murder of Awami League lawmaker Anwarul Azim Anar of Jhenaidah-4, who was killed in Kolkata, India. Metropolitan Magistrate Md. Ataullah of the Dhaka Chief Metropolitan Magistrate (CMM) Court passed the order after police produced the two suspects in court, requesting a 10-day remand. A special team from the Detective Branch (DB) of the Dhaka...
