- War against extortion will continue: Jamaat Ameer
- Jamal wants more footballers like Hamza to play for Bangladesh
- Israeli airport suspends flights following Yemen's attack
- Recommendation made to cut addl duty on drugs: Adviser
- Tigress start U19 T20 World Cup defeating Nepal
- Civic volunteer convicted in RG Kar rape-murder case
- Don’t elect thieves: M Shakhawat
- Review hearing to restore caretaker government tomorrow
- Foreigners in Bangladesh increase spending on credit cards
- DMP files 3,251 traffic violation cases in Dhaka
- Two judges murdered outside Iran's Supreme Court: media
- ‘Palestinians, resistance thwarted Israel’s big plots in Gaza’
- EU ready to support Bangladesh during its political transition: Envoy
- British sci-fi classic ‘Doctor Who’ gears up for bold new adventures
- Bangladesh bowl out Nepal for 52 runs
- Night temperature may drop in parts of country
- Ready to govern Gaza: Palestine’s President
- "Current govt at risk by continuing budget of ousted Awami League"
- OpenAI, Retro Biosciences working to extend ‘human lifespan’
- Srijit Mukherji from aspiring sports journalist to filmmaker
Court orders freezing 77 bank accounts of Hasan Mahmud, his family
The Metropolitan Sessions Judge Court on Thursday ordered the authorities concerned to freeze 77 bank accounts of former foreign minister Dr Hasan Mahmud and his family members. The Senior Special Judge of the court passed the order to freeze those accounts of Dr Hasan Mahmud, his wife Nuran...
Dollar price dearer despite record remittance inflows
Despite record remittance inflows, the price of the US dollar remains high. The value of the dollar is still over the top in the kerb market. The price has risen further over the past week. In some places in the kerb market, the exchange rate stands at Tk 129 per dollar. Although remittance...
Economy stuck in quicksand of crisis
The new year ushers in a deepening economic crisis, exacerbated by money laundering, corruption, mismanagement, and looting. Economists and analysts warn that persistent challenges, such as stagnation in business and trade, labor unrest, declining investment and employment, massive defaults on...
Swiss central bank faces call to hold bitcoin in reserves
A proposal to oblige the Swiss National Bank (SNB) to hold bitcoin was set in motion in an initiative published by the Swiss federal chancellery on Tuesday. The initiative proposes changing the law to make the Swiss central back hold part of its reserves in gold and bitcoin, reports Reuters....
Media trials allegedly used to destroy economy
A domestic and foreign conspiracy is being blamed for efforts to destabilize countrys economy, particularly targeting the banking sector and private industries. A group, disguised as patriots, is reportedly behind a media campaign designed to damage key financial institutions, with some experts...
Maysaa Sabrine becomes first woman to lead Syria’s central bank
Syrias new leaders have chosen Maysaa Sabrine, who was previously a deputy governor at the Syrian central bank, to become the head of the bank. She is the first woman to hold this position in the banks over 70-year history, according to a senior Syrian official,reports Al jazeera. Sabrine has...
Interim govt increases reserves, activates banking sector: Jamaat Ameer
Jamaat-e-Islami Ameer Dr. Shafiqur Rahman has acknowledged improvements in Bangladeshs foreign exchange reserves and the gradual activation of the banking sector under the current interim government. However, he urged the government to play a more active role in revitalizing the economy, stating...
10 Banks in Crisis, culprits remain out of reach
The banking sector in Bangladesh is grappling with severe turmoil, plagued by a series of irregularities, including loan scams, defaults, and currency laundering. Among the institutions most affected, 10 banks are in particularly fragile conditions, with the culprits behind these financial crimes...
Australia takes HSBC to court over neglecting scam victims
Australias corporate regulator has filed a lawsuit against the local affiliate of global banking giant HSBC, alleging it failed to properly address approximately 950 reports of customers losing close to, or more than, a million dollars, reports Reuters. The Australian Securities and Investments...
BB raises age limit for bank job applicants
Bangladesh Bank (BB) has announced a new age limit for entry-level positions in banks, aligning it with the governments updated age limit for public sector jobs, reports UNB. In a notification issued by Mohammad Shahriar Siddiqui, Director of Bangladesh Banks Banking Regulation and Policy...
Banks and shops re-open in Damascus
When opposition fighters entered Damascus on December 8, they announced a curfew at night, and state and public institutions stopped their services, reports Al Jazeera. But on the third day after the regimes collapse, banks and bazaars have reopened and life has begun to return to normal. The...
BFIU asks all banks for account details of Hasina, Rehana
The Bangladesh Financial Intelligence Unit (BFIU) has ordered all the banks to submit information on the bank accounts of former prime minister Sheikh Hasina and her sister Sheikh Rehana, reports The Business Standard. In an order issued on Tuesday, the central bank agency ordered all the banks...
Bank account freezes must follow legal process: Abdul Awal Mintoo
Prominent businessman and former FBCCI president Abdul Awal Mintoo criticized the recent freezing of bank accounts, calling the practice not legally valid. Speaking at the Economic Reporters Forum (ERF) in Paltan on Monday, he emphasized that such actions should strictly follow due legal process...
US Fed officials see inflation fight on track
The US appears on track to hit its long-term target of two percent inflation despite a recent uptick, three Federal Reserve officials said Monday, with one indicating tentative support for another rate cut this month. The US central bank has been on a journey since the Covid-19 pandemic, hiking...
BDT 2.34 trillion stashed in the pockets of bank directors
The banking sector of the country suffered the most during the tenure of the previous government, a fact highlighted in the White Paper Committees report. Allegations have been made regarding the involvement of several bank chairmen in undermining the sector, including claims of collusion....
Traders face escalated risk of default once again
Industrial production has sharply declined, and export income has been severely disrupted, bringing business and trade to a near standstill. Multiple pressures, including political instability, have contributed to this economic downturn. Among these challenges, a key factor is the reduction in the...
Dismissed employees of S Alam-owned banks block roads in Chattogram
Hundreds of employees recently dismissed from three banks owned by the S Alam Group staged a one-hour road blockade in the Moijjartek area, near Shah Amanat Bridge, on Sunday morning. The protest caused severe traffic jams and disrupted the Chattogram-Coxs Bazar highway. The protestors demanded...
Reforms being carried out to solve crisis: Dr Salehuddin
Finance Adviser to the interim government Dr Salehuddin Ahmed has said that reforms in various sectors, including in financial, capital market and banking ones, are being carried out to solve the crisis that the interim government inherited from the previous regime, reports Dhaka Tribune. The...
Israeli legislator banned for speaking against “slaughter in Gaza”
Israeli legislator Ofer Cassif says he will keep speaking against slaughter in Gaza as the Knesset Ethics Committee imposed a complete parliamentary ban, apart from voting on him for six months, reports Al Jazeera. The legislator has been banned for remarks he made in support of Palestinians in...
Australia moves to keep its banks in Pacific
Australia will move to stem the exodus of its banks from the Pacific Islands, the countrys top economic official said, as concerns mount that China could bolster its influence by filling in the gaps. For years, Western banks have been shuttering branches throughout the South Pacific, citing...
Angry account holders lock down National Bank’s branch
Frustrated customers of National Banks Shibganj branch in Sylhet locked the main entrance of the bank on Wednesday in protest after being unable to withdraw their deposits, a situation that has reportedly persisted for several days, reports UNB. The agitated account holders gathered at noon...
Tk 111 crore on paper, Tk 500 crore in reality
The Anti-Corruption Commission (ACC) is investigating former Finance Minister AHM Mustafa Kamal, also known as Lotus Kamal, over discrepancies in reported assets. The ACC has identified Tk 111 crore in assets on paper, but believes the true value could reach Tk 500 crore. To support its inquiry,...
Govt appoints MDs at 10 state-owned banks
The government has appointed managing directors (MDs) at six state-owned commercial banks and four state-owned specialised banks, said a notification on Monday. The letters have been sent to the chairmen of six state-owned commercial banks -- Sonali, Rupali, Agrani, Janata, Bangladesh...