Bangladesh Bank (BB) has lifted a limit on cash withdrawals from banks as law and order situation improves. "Restrictions on cash withdrawals from banks will no longer be applicable from next Sunday onwards," said Bangladesh Bank Spokesman Mezbaul Haque. The relaxation

A Dhaka court today (Sept 7) sent Diamond World's Managing Director (MD) Dilip Kumar Agarwala to jail in the case filed over the shooting and killing of a BNP activist during the anti-discrimination student movement. Following a hearing on Saturday, Dhaka's Metropolitan

Garment workers in the industrial areas of Savar and Ashulia have returned to their garment factories. Workers were seen returning to work at factories in Narsinghpur, Nishchintapur, Jamgora DEPZ, and Palashbari areas on Saturday morning, where protests had taken place previously.

The Bangladesh Bank (BB) on Wednesday (Sep 4) dissolved the board of directors of IFIC bank, and formed a new six-member board, effectively dropping Sheikh Hasina’s corrupt adviser Salman F Rahman from the list. Former managing director of the National Bank Limited (NBL) Md

Chief Adviser Professor Dr Muhammad Yunus assured business leaders of all possible support to take the country's industrial growth to a new height. The Chief Adviser gave the assurance when a business delegation paid him a courtesy call at the State Guest House Jamuna in the

Japan imported oil from Saudi Arabia in July amounting to 22.58 million barrels, representing 35.7% of its total import of the commodity. This is according to Japan’s Ministry of Economy, Trade and Industry’s Agency of Natural Resources and Energy. In July, Japan

For over 15 years, Diamond World Limited, owned by Dilip Kumar Agarwala, has been selling diamond jewelry across Bangladesh, including in the capital, without importing any actual diamonds.  The company was established in 2005 and operates 28 showrooms throughout the country.

Jewellers have lowered the price of gold by Tk1,621 to Tk1,26,321 per bhori (11.664 grams) amid a tariff drop on pure gold. The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association (BAJUS) made the decision at a meeting on Sunday (September

Diamond World Managing Director Dilip Kumar Agarwala has been dealing in smuggled diamonds for over a decade. Agarwala, a member of the industry and trade sub-committee of the Awami League, is also accused in cases filed over the killings of students during the recent

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