Islami Bank Bangladesh PLC, owned by the S Alam Group, has dismissed its eight senior officials from their jobs. The dismissals occurred under pressure following the fall of the Sheikh Hasina-led government. The officials are – Additional Managing Director JQM Habibullah,

Over the past 15 years, the Awami League government has been accused of widespread corruption in Bangladesh's electricity sector, particularly in the name of capacity charges.  These charges, paid to power plants for maintaining readiness to generate electricity even when not

Jewellers have inflated the price of gold by Tk2,904 to Tk1,22,985 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 Bangladesh Bank has asked all commercial banks in the country to limit daily cash withdrawals to no more than Tk3 lakh per customer until further notice. Citing security reasons, the central bank issued this instruction to the managing directors of the banks through a text message

National Board of Revenue (NBR) has summoned bank accounts details of the Mohammad Saiful Alam alias S Alam, and his family members. The NBR's Income Tax Department has sent letters in this regard to all banks from the Dhaka Tax Zone-15. According to letter, the Tax Zone-15 has

Chief Adviser of the Interim Government Professor Dr Muhammad Yunus today asked the country's garment manufacturers to help rebuild the nation after 15 years of plunder by the dictatorship of Sheikh Hasina. The Chief Adviser said the Interim Government inherited a broken economy

Amidst the ongoing instability and recent changes in government, the already troubled banking sector in Bangladesh is encountering fresh turmoil. Protests demanding changes in bank ownership and related reforms have escalated into violent confrontations, leaving depositors deeply

The economic situation of the country is in great crisis. In this situation, economists, business leaders, and industry experts believe that the new interim government should prioritize the private sector's business activities to bring dynamism across the board. They said that it

At least six persons received bullet injuries after a clash between two groups over control of Islami Bank Bangladesh erupted in front of the bank’s head office in the capital's Motijheel on Sunday (August 11) morning. The incident took place as the officials allegedly

The Bangladesh Bank (BB) has asked all commercial banks in the country to limit cash withdrawals to no more than Tk2 lakh per customer this week. The central bank sent this instruction to the banks on Saturday (August 10) night, citing 'security reasons'. It also instructed

Finance and Planning adviser of the interim government Dr Salehuddin Ahmed today said that the new government would try to deliver its best to improve the lives and livelihoods of the people. "We want to establish an equal and just-based society and country and our aim is to

Bangladesh Bank (BB) Governor Abdur Rouf Talukder has resigned from his post on personal ground. He submitted his resignation letter to the Finance Ministry around 3:00pm on Friday. Rouf took charge as the 12th governor of the BB on 12 July, 2022 for a four-year term. He

A source connected to the family of Bangladesh Bank (BB) Governor Abdur Rouf Talukder said he will resign soon after the interim government takes over.  According to the source, the Govornor Rouf is not in a good state of mind after resigning of Sheikh Hasina as the Prime

Commercial banks in the country have been asked not to allow cash withdrawals of more than Tk1 lakh on Thursday. The Bangladesh Bank gave this instruction in an urgent message to the managing directors of the banks on Wednesday night. According to the message, not more than one lakh

Bangladesh Jeweller's Association (BAJUS) President Sayem Sobhan Anvir today (Aug 7) welcomed the process of forming an interim government led by Nobel Laureate Dr Muhammad Yunus. In his statement, he said that BAJUS, representing 25 lakh employees and 40 thousand businesspeople

Deputy Governor and advisors of the central bank of Bangladesh somehow managed to escape through back door amid demonstration staged by the general people. The officials of Bangladesh Bank were protesting against its top officials and advisors for looting, usurping, providing unethical

The World Bank on Monday said it was assessing the impact of events in Bangladesh on its loan program with the country after its Prime Minister Sheikh Hasina resigned and fled. Hasina’s exit came after hundreds of people were killed in a crackdown on demonstrations that began as

European stock markets sank on Monday following nosedives in Asia as fears rise that the US economy is slowing down. In London, the FTSE 100 index fell by 2.8% while in Paris the CAC-40 dropped by 2.5% and Frankfurt's DAX slid by 3.2%. Earlier, Asian markets plummeted, with

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has requested the apparel owners to keep their factories closed considering the safety and security of the workers amid ongoing non-cooperation movement. BGMEA Director Mohiuddin Rubel confirmed the matter to media

To maintain factory operations and safeguard the economy, business leaders and industrialists have urged resolving the ongoing protests through dialogue, suggesting government concessions if necessary. They also demanded justice for the killers of unarmed people, stressing that, despite