Managing directors (MDs) of five more banks have been sent on mandatory leave for banking reforms, following recommendations from the central bank. The banks affected are Exim Bank, Union Bank, Global Islami Bank, Social Islami Bank, and ICB Islami Bank. According to Bangladesh Bank

The BASIC Bank was collectively plundered by the Prime Minister's Office, Ministry of Finance, Bangladesh Bank, and its Board of Directors.  Sheikh Abdul Hye Bacchu, a favourite of the former Prime Minister's family and then-chairman of BASIC Bank, led this looting. At

World food commodity prices declined by 2.1 per cent in 2024 compared to the previous year, mainly due to falls in cereals and sugar, the FAO said on Friday. Last year, the UN Food and Agriculture Organ­isation’s price index for cereals dropped 13.3 compared to 2023 and its

Sonali Bank PLC has achieved a record-breaking operating profit of Tk 5,634 crore at the end of 2024, which is Tk 1,788 crore higher than the Tk 3,846 crore reported in 2023. Managing Director and CEO Md. Shawkat Ali Khan disclosed the information during a press conference held on

The government has approved separate proposals to procure essential commodities, including 1.10 crore litres of edible oil, 10,000 metric tons (MTs) of lentils, and 1,00,000 MTs of fertilizer, to meet the growing demand in the country. The approvals were made during the first meeting

Chattogram Port achieved its highest-ever performance in container and cargo handling, breaking all previous records, according to Port Chairman Rear Admiral SM Moniruzzaman.  The port handled 3.27 million TEUs (20-foot equivalent units) of containers and 123.99 million metric

The Anti-Corruption Commission (ACC) has requested the Bangladesh Financial Intelligence Unit (BFIU) to freeze bank accounts of eight subsidiaries of S Alam Group amid ongoing investigations into allegations of laundering $1 billion to Singapore, the British Virgin Islands, Cyprus, and

Bangladesh received a total of $240.05 million (29,772 crore) in remittances through official banking channels during the 28 days of December, according to a report from Bangladesh Bank.  On Sunday, December 29, Bangladesh Bank shared that the daily remittance for the 28 days of

Bangladesh Bank Governor Dr. Ahsan H. Mansur announced that the country has received an additional $3 billion in remittances over the past five months. "In the last five months, we have received an additional $3 billion in remittances. Good governance has also reduced money

Bashundhara Tissue has been recognized as the "Best Brand" in the Tissue category at the 16th edition of the "Best Brand Award," organized by the Bangladesh Brand Forum.  The award was presented during a grand ceremony held at Hotel Intercontinental on Thursday

Former Suzuki Motor Corp. Chairman Osamu Suzuki died of malignant lymphoma at a hospital in Hamamatsu, Shizuoka Prefecture, central Japan, at 3:53 p.m. Wednesday. He was 94. Suzuki, a charismatic businessman who contributed to the spread of minivehicles in the country, served as

Bashundhara LP Gas has received the “Best Brand Award” in liquefied petroleum gas (LPG) category by Bangladesh Brand Forum. The brand achieved this recognition for the fifth consecutive year, highlighting its unmatched popularity among consumers. The award ceremony took

The Directorate of National Consumer Rights Protection (DNCRP) conducts over 1,500 operations monthly to break market syndicates and regulate the market.  Director General Mohammad Alim Akhter Khan is focused on extending the DNCRP's reach to grassroots levels.  In a

More than 1,000 containers were shipped between Pakistan and Bangladesh since the launch of the ‘first direct shipping route’ between the two South Asian countries in October, according to the port operator DP World.   The new direct link has led to a more than a 50%

S Alam Group today announced the closure of its six factories from Wednesday (December 25). Group's Head of HR and Administration, Mohammad Borhan Uddin issued a notice in this regard.  The six factories are - S Alam Refined Sugar Industries, S Alam Power Plant

Bangladesh's foreign exchange reserves have surpassed $20 billion, bolstered by a surge in remittances from overseas workers. Bangladesh Bank’s Executive Director and Spokesperson, Husne Ara Shikha confirmed the matter. As of December 22, she said that the total reserves

Bangladesh in the first 21 days of December, received $2.072 billion in remittances, which is Tk 24,086 crore, according to Bangladesh Bank report. This marks the highest remittance inflow in recent times, with an average daily inflow of $95.58 million during the period. In comparison,

Bangladesh will receive a combined budget support of $1.1 billion from the World Bank and the Asian Development Bank (ADB) by this December, according to the Ministry of Finance. A press release signed by Public Relations Officer Gazi Towhidul Islam confirmed the matter on Sunday (Dec

Finance Adviser Salehuddin Ahmed said market players and regulators are responsible for the ongoing unrest in the country's capital market, not the investors. He said: "The unrest is not caused by investors; rather by those involved in the market and its regulation."

Experts have warned that implementing the International Monetary Fund's (IMF) conditions may cause the total volume of non-performing loans (NPLs) to surpass Tk 5 trillion. This concern stems from the IMF's recommendations to revise NPL classifications and align loan