Thursday, 05 Dec, 2024

Business

BB Governor Abdur Rouf resigns

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

BB Governor Rouf to resign soon

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

Banks asked not to allow cash withdrawals over Tk1 lakh

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

BAJUS welcomes upcoming interim govt led by Dr Yunus

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

Central Bank deputy governor, advisors escape amid demo

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

WB says assessing impact of Bangladesh events on its loan program

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

Global stock markets sink on US economy fears

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

BGMEA request garment owners to shut factories

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

Business leaders seek conducive environment amid economic uncertainty

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

Bashundhara becomes franchisee of world-famous 'Cafe Amazon'

Bashundhara Group has become a 'master franchisee' of world-famous 'Cafe Amazon' to bring the international eatery chain in Bangladesh. In presence of Bashundhara Group’s Hon’ble Chairman Ahmed Akbar Sobhan and Hon’ble Group Director Ahmed Ibrahim

Remittance in July fall by 3.2%

The country’s remittances sent by migrant workers from abroad fell by 3.2% last month from the same period last year, largely owing to the five-day internet shutdown imposed to contain violence during the quota reform movement. The inbound remittances were $1.97 billion in July

Regular banking hours from today

All banks are run their operations as per their normal schedule -- 10am to 6pm -- from today (July 31). Bangladesh Bank (BB) issued a circular on Tuesday (July 30) in this regard. As per the regular schedule, transactions take place from 10 am to 4 pm starting today.  

Regular banking hours from tomorrow

All banks will run their operations as per their normal schedule -- 10am to 6pm -- from tomorrow (July 31). Bangladesh Bank (BB) today (July 30) issued a circular in this regard. As per the regular schedule, transactions will take place from 10 am to 4 pm starting from tomorrow.

Banks to operate from 10am-3pm till July 30

The Bangladesh Bank today (July 27) announced the duration of interbank transactions for July 28-July 30. According to the new schedule, transactions will take place from 10 am to 3 pm starting from tomorrow (July 28). However, the banks will remain open until 3:30 pm to conduct

BB lends Tk25,000cr to banks in a day

The Bangladesh Bank (BB) has provided Tk25,520 crore to the country’s financial institutions mostly as short-term loans to help them meet depositors’ cash demand which surged following a five-day countrywide closure. The central bank disclosed the liquidity injection data

BAJUS set to celebrate 59th founding anniversary on July 19

Bangladesh Jeweller’s Association (BAJUS) is set to celebrate its 59th founding anniversary on July 19. BAJUS, the country's largest and most renowned jewellery trade organisation, has pioneered promoting and nurturing the jewellery industry since its establishment. The

Testimony recording starts in Tk227cr compensation case against Robi

Mahtab Uddin Ahmed, former managing director and chief executive officer (CEO) of telecom operator Robi, on Sunday provided the first testimony in the Tk227 crore compensation suit he filed against his former workplace in 2022. The testimony recording in the case started with the

Gold price makes history in Bangladesh

Jewellers have inflated the gold price by Tk1, 190 to Tk1, 20,081 per bhori on the market in Bangladesh. The standing committee on pricing and price monitoring of the Bangladesh Jeweller’s Association (BAJUS) made the decision at a meeting on Sunday (July 14). The price of

Bashundhara Cement holds business conference

Bashundhara Cement held a business conference on Saturday. KM Zahid Uddin, deputy managing director of cement sector at Bashundhara Group, was present as the chief guest at the conference, read a press release. Local distributor, Arafat Trading organised the programme at the Red

PM confers National Export Trophy on 77 exporters

Prime Minister Sheikh Hasina today handed over the National Export Trophy to 77 top exporters for the fiscal year of 2021-22 to encourage and create competition in increasing export earnings. She conferred the trophy in 32 categories for outstanding contributions to the country's