DBA for disclosure of capital market frauds in last 15 years
DBA for disclosure of capital market frauds in last 15 years

DSE Brokers Association President Saiful Islam has emphasized on disclosure of frauds in capital market that has taken place during the Awami Leagues tenure. He on Thursday made the statement at a press conference on the current situation of capital market and future actions to curb its trading...

3 members of a robbery gang arrested
3 members of a robbery gang arrested

DB arrested three members of a robbery gang while they were preparing to commit a robbery in Mirpur area of the capital, reports UNB. The arrestees were identified as Md Nannu(41), Kazi Foysal(35), and Bashir Molla(44). Tipped off, a team of DB police conducted a drive in the Love Road area...

Minimal progress, excessive hype
Minimal progress, excessive hype

Despite widespread calls to recover money smuggled out of the country over the years, progress has been minimal. International organizations such as the World Bank, IMF, GFI, and ADB have publicly pledged support, but tangible results remain elusive. To date, the limited progress made has mainly...

Country under $43b pressure
Country under $43b pressure

The governments extensive foreign borrowing for large-scale projects has led to a significant financial burden. While these projects were intended to drive economic growth, the benefits have fallen short of expectations, with the financial liabilities far outweighing the returns. Notably, projects...

ADB to provide $ 600m policy based loan
ADB to provide $ 600m policy based loan

The government has signed an agreement with Asian Development Bank (ADB) for Policy based Loan (PBL). Under the agreement ADB would provide JPY ninety-one billion seven hundred sixty-four million (equivalent to $600 million) to Bangladesh for Strengthening Economic Management and Governance...

ADB approves $600m loan for Bangladesh's economic reforms
ADB approves $600m loan for Bangladesh's economic reforms

The Asian Development Bank (ADB) has approved a $600 million loan for Bangladesh to support crucial economic reformations. The reforms aim to enhance tax collection, improve public investment efficiency, and strengthen the performance of state-owned enterprises. They also seek to foster...

Murder case against Hasina: Court seeks probe report by 8 Jan
Murder case against Hasina: Court seeks probe report by 8 Jan

A Dhaka court on Tuesday set 8 January 2025, as the deadline for police to submit the probe report in the case filed against former prime minister Sheikh Hasina and six others over the death of grocery shop owner Abu Sayeed in police firing in Dhakas Mohammadpur area on 19 July during mass...

ADB approves $100m more loan for infrastructure development
ADB approves $100m more loan for infrastructure development

The Asian Development Bank (ADB) has approved a $100 million loan in additional financing to support critical infrastructure development through publicprivate partnerships (PPP) in Bangladesh, reports UNB. This project will enable Bangladesh to catalyse private sector financing, reduce pressure...

Four barriers to export disaster
Four barriers to export disaster

Despite the potential for growth in sectors beyond ready-made garments (RMG), many industries remain underdeveloped. Analysts cite policy challenges, funding constraints, lack of infrastructure, and the weak bargaining power of non-garment exporters as key obstacles. As a result, ready-made...

IEEFA: PDB could save US$1.2 billion annually with power sector reforms
IEEFA: PDB could save US$1.2 billion annually with power sector reforms

The Power Development Board (PDB) could save Bangladesh Tk 138 billion (US$1.2 billion) in annual losses, currently covered by government subsidies, by implementing reforms in the countrys electricity sector, according to a new report from the Institute for Energy Economics and Financial Analysis...

ADB commits $24.3 million for solar power plant in Mymensingh
ADB commits $24.3 million for solar power plant in Mymensingh

The Asian Development Bank (ADB) has signed a financing package worth $24.3 million with Muktagacha Solartech Energy Limited (MSEL) to establish a grid-connected solar photovoltaic power plant in Mymensingh. As the sole mandated lead arranger, the Manila-based financial institution took charge...

Ex-MP Shambhu on 6-day remand
Ex-MP Shambhu on 6-day remand

A Dhaka court on Tuesday placed former Barguna-1 lawmaker Dhirendra Debnath Shambhu on a six-day remand in a case lodged over the murder of trader Abdul Wadud, reports BSS. Dhaka Metropolitan Magistrate Sharifur Rahman passed the order as police produced Shambhu before the court and pleaded to...

DBA appreciates govt’s decision to cut capital gains tax rates
DBA appreciates govt’s decision to cut capital gains tax rates

Dhaka Stock Exchange Brokers Association of Bangladesh (DBA) has thanked the government and finance adviser Dr Salehuddin Ahmed for tax exemption on capital gains in the stock market. DBA president Saiful Islam on Monday expressed gratitude to the finance adviser for such a time-befitting...

Tax exemption for renewables: PDB to set more solar power plants
Tax exemption for renewables: PDB to set more solar power plants

Not only 10 projects, now the Power Division is contemplating to set up many more solar power plants as it received the NBRs notification for reinstating the tax exemption on such private investment, reports UNB. Power Division officials said it is now certain the number of solar projects is...

DB to launch stronger crackdown on counterfeit stamp and currency syndicates
DB to launch stronger crackdown on counterfeit stamp and currency syndicates

The Detective Branch (DB) of Bangladesh Police has reaffirmed its commitment to dismantling a widespread counterfeit stamp and currency syndicates operating across the country, reports UNB. DB Joint Commissioner Talebur Rahman announced at a briefing at the Dhaka Metropolitan Police (DMP)...

Youth arrested for faking recordings between president and adviser
Youth arrested for faking recordings between president and adviser

The Detective Branch (DB) of Dhaka Metropolitan Police (DMP) detained a youth on Monday on charges of doctoring voice recordings of a fake conversation between President Mohammed Shahabuddin and interim government Adviser M Sakhawat Hossain and publicising it on YouTube, reports The Business...

DB arrests Sheikh family scion Moin Abdullah
DB arrests Sheikh family scion Moin Abdullah

Police on early Saturday arrested Moin Abdullah, son of former lawmaker Abul Hasnat Abdullah, from citys Gulshan area, reports BSS. A team of Detective Branch (DB) of police rounded up Moin from Gulshan-2 area around 3.30am. Deputy Commissioner (DC) of media and public relations of DB...

Ex-state minister Zakir placed on 3-day remand
Ex-state minister Zakir placed on 3-day remand

A Dhaka court on Friday placed former state minister for primary and mass education Zakir Hossain on three-day remand in a case lodged over the murder of electrician Shamim Hawlader in the Dhakas Mohammadpur area. Dhaka Metropolitan Magistrate Nazmin Akter passed the order as police produced the...

Bank accounts of ex-DB chief Harun, family members frozen
Bank accounts of ex-DB chief Harun, family members frozen

The Central Intelligence Cell (CIC) of the National Board of Revenue (NBR) has frozen all accounts held by ex-chief of the Detective Branch of police Harun ur Rashid and his family members at banks and Non-Banking Financial Institutions (NBFI), reports UNB. A letter in this regard has been given...