The Bangladesh Bank (BB) has increased the cash withdrawal limit from banks to Tk5 lakh per account, up from Tk4 lakh in the previous week. The central bank sent this instruction to the banks on Saturday night, citing ‘security reasons’. It also instructed commercial

Abdul Mannan, the former Managing Director (MD) of Islami Bank Bangladesh PLC, claimed that he was taken from his residence by officers of the Directorate General of Forces Intelligence (DGFI) and forced to sign his resignation on 5 January 2017. Mannan said that the controversial

Diamond World, owned by Awami League’s Trade and Industry Subcommittee member Dilip Kumar Agarwala, evaded value-added tax (VAT) of Tk25,200 crore in the last 15 years, said sources at the investigation agency concerned. However, the investigation against the company was covered

The interim government today (Aug 29) decided in principle to stop the much-talked-about provision of whitening black money. The decision was taken during the advisory council meeting at the state guest house Jamuna in Dhaka. Syeda Rizwana Hasan, adviser of the Environment, Forest,

A passenger returning from the United Arab Emirates was arrested with approximately 16 kilograms of gold at Sylhet Osmani International Airport. Intelligence agencies and the customs intelligence team recovered 105 gold bars and four round pieces of gold from his possession. The estimated

The country's current outstanding foreign payment obligation for electricity and fuel imports stands at approximately $2.2 billion. To address this, the government has sought $1 billion in budget support from the World Bank for the power and energy sector, said Muhammad Fouzul

Five Indian power companies that supply electricity to Bangladesh are owed more than $1 billion, according to a report by The Economic Times on Tuesday. The industry executives are aware of the matter, the report reads.  Despite the dues, the Indian power companies have not

S Alam Group has been dropped from the joint venture project of Eastern Refinery Limited (ERL) for refining fuel oil. The interim government took a policy decision not to enter into an agreement with the Chattogram-based conglomerate involved in a series of financial scams. ERL

Canada says it will impose a 100% tariff on imports of China-made electric vehicles (EV) after similar announcements by the US and European Union. The country also plans to impose a 25% duty on Chinese steel and aluminium. Canada and its Western allies accuse China of subsidising

The United Kingdom (UK) today (Aug 27) expressed its interest in assisting Bangladesh with reforms in its banking, revenue, and capital market sectors. This interest was conveyed during a meeting between UK High Commissioner to Bangladesh, Sarah Cooke, and Dr. Salehuddin Ahmed, the

Bangladesh will examine data anomalies that allegedly inflated economic performance during former Prime Minister Sheikh Hasina’s regime, in an effort to stamp out corruption that plagued the country for most of the past 15 years. The interim government has asked economist and

Awami League’s Central Industry and Commerce Sub-Committee member Dilip Kumar Agarwala and expelled former president of the Bangladesh Jeweller’s Association (BAJUS) Enamul Haque Khan Dolan together have built a huge empire of gold smuggling using the mask of jewellery

Oil prices jumped Monday after an escalation of hostilities between Israel and the Iranian-backed Lebanese militant group Hezbollah raised fears of a wider conflict in the Middle East. Brent, the global benchmark, rose over three percent to trade at more than $81 per barrel. Stock

Jewellers have inflated the price of gold by Tk1,936 to Tk1,27,942 per bhori (11.664 grams) due to a hike in the price of pure gold in the local market. The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association (BAJUS) made the decision at a

The National Board of Revenue (NBR) has instructed banks to unfreeze the accounts of Abdul Awal Mintoo, a noted businessman and vice-chairman of the Bangladesh Nationalist Party (BNP), along with his spouse and son after keeping the accounts blocked for 17 years. The Central

Jewellers have inflated the price of gold by Tk1,505 to Tk1,26,006 per bhori (11.664 grams) due to a hike in the price of pure gold in the local market. The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association (BAJUS) made the decision at a

The central bank of Bangladesh has appointed Muhammad Badiuzzaman Dider as the administrator of mobile financial service provider Nagad. The Bangladesh Bank (BB) made the announcement through a circular issued on Wednesday (August 21). Muhammad Badiuzzaman, who previously served as

The governor of Bangladesh Bank Ahsan H Mansur said that the board of all banks under the control of S. Alam will be dissolved.  He said that the board of the National Bank was dissolved yesterday. Governor Mansur disclosed the information at a press conference on Wednesday

Jewellers have inflated the price of gold by Tk1,516 to Tk1,24,501 per bhori (11.664 grams) due to a hike in the price of pure gold in the local market. The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association (BAJUS) made the decision at a

The employees of metro rail rejoined work today (Aug 20) after 2 weeks’ abstention. Sources said that the staff from grades 10 to 20 returned to work after the board of Dhaka Mass Transit Company Ltd (DMTCL) last night agreed to their demand for a pay hike. The hopes of metro