DU Correspondent : The anti-discrimination student movement is going to set up a program on Thursday named ‘Shahidi March’ remembering...
Day: September 5, 2024
Staff Reporter : Bangladesh Bank (BB) Governor Dr Ahsan H Mansur announced on Wednesday that the central bank will no longer provide liquidity assistance to troubled or weak banks by printing new money. Instead, the central bank will support these institutions through interbank arrangements, acting as a guarantor for such transactions. Dr. Mansur highlighted that bailing out fragile banks facing liquidity issues would require printing at least Tk200,000 crore, a move that would exacerbate inflation and further increase the US...
DU Correspondent : Students from Dhaka University, organised by the cultural group Inkilab Manch, are set to embark on a ‘long march’ towards Dambur Dam in Tripura on Friday, September 6, 2024. This initiative aims to advocate for the removal of one-way dams on inter-border rivers. The march will commence at 9 am from Shahbagh, as announced by Sharif Usman Hadi, the convenor of Inkilab Manch, during a press conference held at the Madhur Canteen of Dhaka University on Wednesday....
Staff Reporter : BNP Acting Chairman Tarique Rahman on Wednesday said that his party wants to see the country will run by a national unity government in future. “We have seen that our predecessors have gifted us a independent country through fighting in a war. But we have failed to form a national unity after gaining the liberation,” Tarique Rahman said through a video conference in the party’s Dhaka divisional grassroots leaders and workers conference. BNP Standing Committee Members Mirza...
Staff Reporter : The Chief Adviser to the Interim Government, Dr. Muhammad Yunus, has instructed all government secretaries to adopt and implement reform programs across all levels of the administration in a bid to root out corruption. In addition to pushing for the adoption of these reforms, Dr. Yunus has issued a “marching order” to ensure their timely execution. Dr. Yunus provided these directives during a crucial meeting held on Wednesday with nearly all secretaries present. The meeting took place...
Business Report : Prime Bank has launched Islamic Payroll Banking services to cater to the growing demand for Shariah-compliant financial...
Business Report : United Commercial Bank PLC Limited (UCB), held its first board meeting with the newly-formed board on Wednesday at its corporate head office. Distinguished businessman and Chairman of UCB Sharif Zahir presided over the meeting.Md Shazzad Hossoin, vice-chairman of UCB; Md Tanvir Khan, chairman of the executive committee; Md Yusuf Ali, chairman of the risk management committee; Obaidur Rahman, chairman of the audit committee; and Syed Faridul Islam, managing director and acting CEO of UCB were all present...
Business Desk : The Bangladesh Red Crescent Society, Noakhali Red Crescent Youth, has been actively managing the flood control efforts...
Hannah Ellis-Petersen : It was earlier this month, as protests swept Bangladesh and bodies lay on the streets, that prime minister Sheikh Hasina hastily boarded a helicopter. She was unaccompanied by any political aides and did not tell any of her senior ministers she was leaving. In a matter of hours, she touched down in neighbouring India, where she has been ever since. The protests that led to Hasina’s downfall had quickly escalated from student demonstrations on campuses to a...
Banks, one of the leading pillars of the economy, plays a vital role in bringing prosperity to our country. Unfortunately, over the past 15 years, this sector has been plagued with a record number of non-performing loans (NPLs), weak governance, liquidity shortage and frequent rescheduling of default loans. Now it is on the verge of ruination. According to a report published in this newspaper on Wednesday, the defaulted loans hit an all -time high of Tk 211,391 at the end...
