Staff Reporter : The apex court has once again been seen turmoil as hundreds of students besieged the High Court...
Day: October 17, 2024
Staff Reporter : BNP Secretary General Mirza Fakhrul Islam Alamgir has filed a petition seeking review of its verdict that...
Staff Reporter : The Contract Review Committee, formed by the interim government, has sought information on all power plant contracts,...
Staff Reporter : After widespread allegations of data manipulation by the Bangladesh Bureau of Statistics (BBS), the interim government of...
Staff Reporter : Six state-owned banks, including Sonali, Janata, Agrani, Rupali, Basic, and Bangladesh Development Bank (BDBL), have been operating without Managing Directors (MDs) for nearly a month. The Finance Ministry formally terminated the contracts of the MDs of these banks on September 19th. Consequently, these banks have been functioning without their top executives. In response to the termination, the chairmen of these banks urged the Finance Advisor, Dr. Salehuddin Ahmed, to appoint new MDs quickly. On Monday (October 14th),...
Staff Reporter : Bangladesh has requested the full support and cooperation of the United Nations in its efforts to recover stolen assets and combat financial crimes. During a meeting with UN Under-Secretary-General for Economic and Social Affairs Li Junhua in the UN Headquarters in New York on Tuesday, Foreign Secretary Ambassador Md. Jashim Uddin emphasised the government’s commitment to addressing issues of tax evasion and illicit financial flows, which pose significant challenges to the nation’s economic stability. During discussions, Ambassador...
Noman Mosharef : People from the middle and lower-middle-income groups are feeling overwhelmed as they face severe difficulties in maintaining...
News Desk :Veteran politician and former minister Matia Chowdhury, a towering figure in Bangladesh’s politics, passed away at the age...
Dr. Md. Enamul Hoque : Following Sheikh Hasina’s resignation and fleeing to India, the country experienced widespread casualities which were...
BANGLADESH’S financial sector stands at a critical juncture, as defaulted loans continue to surge, threatening the stability of both banks and non-bank financial institutions (NBFIs), reports this newspaper on Wednesday. The latest data from Bangladesh Bank paints a worrying picture, with ten banks reporting a provision shortfall of Tk 31,549 crore and sixteen NBFIs falling short by Tk 1,954 crore as of June 2024. With defaulted loans now accounting for 12.56 per cent of total loans in the banking sector...
Business Report : JIDALAI Co. Ltd. is going to invest US$ 5.85 million to set up pullers of zipper manufacturing industry in Adamjee Export Processing Zone (AEPZ). The company will produce annually 70 million pieces of pullers of zipper where 189 Bangladeshi nationals will get job opportunity. BEPZA signed an agreement with JIDALAI Co. Ltd. at its head office in the capital on Wednesday. BEPZA’s member of Investment Promotion Md. Ashraful Kabir and managing director of JIDALAI Co. Ltd Hsu,...
Business Report : Standard Chartered Bangladesh recently implemented a unique structured trade solution for TK Group, helping them navigate challenging market conditions to procure critical commodities with unmatched efficiency.The facility is supporting import of critical commodities such as refined, bleached, and deodorized (RBD) palm olein; crude degummed soybean oil (CDSO); wheat; and other essentials. This innovative structured trade solution leverages Standard Chartered’s high quality balance sheet and unique capabilities to enable TK Group to access funds at a competitive rate...