DU Correspondent : The students of the country demonstrating on the roads to reform the quota of all grades of government jobs announced to continue the protest on the street despite the Appellate Division’s order of status quo on the High Court’s verdict for four weeks. After concluding the day-long ‘Bangla Blockade’ on Wednesday, the students said that their agitation will be continued on the roads until the government forms a commission or issues an order regarding the quota reformation...
Desk Report : The students’ protest to reform the quota system forced European Union (EU) ambassador to Bangladesh Charles Whiteley and Deputy Head of Mission Dr. Bernd Spanier to abandon their car on the Dhaka Expressway and take a CNG-un auto-rickshaw to attend a scheduled meeting with Parliament Speaker Shirin Sharmin Chaudhury. In addition to taking the auto-rickshaw, they had to walk a portion of the way and carefully navigate the railings of the expressway due to the blockade by...
Staff Reporter : Bank Asia has commenced the process of acquiring the Bangladesh operations of Pakistan-based Bank Alfalah, marking its third foreign bank acquisition to date. In 2001, Bank Asia acquired the Bangladesh operations of Canada-based Nova Scotia and Pakistan-based Muslim Commercial Bank. PricewaterhouseCoopers (PwC) Bangladesh, a UK-based multinational tax, audit, and consulting firm, is conducting the audit and valuation of Bank Alfalah’s Bangladesh operations. According to available data, the initial acquisition cost is estimated at around Tk 600 crore,...
Warns misuse of laws could impact investment in Bangladesh Staff Reporter : In a recent press briefing, the United States State Department expressed deep concern over the legal proceedings involving Nobel Laureate Dr. Muhammad Yunus in Bangladesh. The department’s spokesperson, Mathew Miller, highlighted fears that the cases against Dr. Yunus might constitute a misuse of Bangladesh’s labour and anti-corruption laws, potentially aimed at harassing the renowned economist. “We continue to closely monitor developments in the case against Dr. Yunus. There...
Court Correspondent : A Dhaka court yesterday sent Le Meridien Dhaka owner Amin Ahmad to jail after he surrendered in a case filed by Anti-Corruption Commission (ACC) over embezzlement and money laundering of around TK 95crore from BASIC Bank. Judge Mohammed Ash-Shams Joglul Hossain of the Metropolitan Senior Special Judge’s Court of Dhaka came up with the order after Amin Ahmad and also the Managing Director of Capital Banani One Limited, surrendered and sought bail in the case, said ACC...
Staff Reporter : In a pivotal development amid continuing protests, Awami League (AL) General Secretary Obaidul Quader has publicly endorsed students’ decision to pursue judicial avenues regarding the reform of the quota system in government jobs. Speaking at a joint meeting held at the Awami League’s central office on Bangabandhu Avenue, Quader commended the students’ initiative to appoint legal representation for their case in the High Court. “We have heard that they (the students) have appointed a lawyer for the...
Staff Reporter : Bangladesh’s Gross Domestic Product (GDP) growth accelerated to 6.12 percent in the third quarter of the 2023-24...
Staff Reporter : The main opposition party, BNP, has decided to initiate a new and robust movement to press for their demands, including the release and transfer of their party chief, Begum Khaleda Zia, abroad for essential advanced medical treatment. This decision emerged from the National Standing Committee meeting held virtually on Monday. Acting Chairman Tarique Rahman, who chaired the meeting, will discuss with relevant leaders to determine the next program for the unconditional release of Begum Khaleda Zia, following...
DU Correspondent : Students across the country are set to initiate a comprehensive ‘day-long blockade’ on July 10 on both roadways and railways as part of their ongoing agitation to reform the quota system for government jobs. They have clarified their demand for reducing the quota to a maximum of 5 percent across all government positions. The announcement came during a press conference held at Dhaka University’s central library under the banner of the anti-discrimination student movement. The movement, which...
Reuters, London : Tulip Siddiq has been appointed Britain’s city minister, who would be responsible for overseeing the financial services...
Court Correspondent : Bangladesh Financial Intelligence Unit (BFIU) has directed to freeze bank accounts of Syed Abed Ali, driver of a former PSC chairman, his son Syed Sohanur Rahman Siam and another one person. It has also directed concerned all to give information of their bank accounts. BFIU issued letters to the country’s all banks and financial institutions in this regard on Tuesday. Meanwhile, the Criminal Investigation Department of Bangladesh Police arrested 17 persons in the connection of question paper...
Court Correspondent : Two Dhaka University students filed a petition on Tuesday with the Appellate Division of the Supreme Court, challenging the High Court’s verdict that reinstated the 30 percent quota for freedom fighters’ children in government jobs from the ninth to 13th grades. The Chamber Judge of the Appellate Division is expected to hear the petition soon, according to the petitioners’ lawyer, Shah Monjurul Hoque. Al Saadi Bhuiyan, a student from Dhaka University’s Anthropology Department and President of the...