Eminent economist Dr AB Mirza Azizul Islam said that to recover defaulted loans from the directors of private banks, their directorship should be canceled.  If necessary, the property of these debtors should be confiscated as well, he also said. He expressed this opinion while

The directors of various banks are ruining the 60 banks of the country by taking anonymous loans by showing the names of unknown persons in mutual collusion through forgery and irregularities.  The banking sector is being destroyed by their terrible ill activities. The

Center for Policy Dialogue (CPD) distinguished fellow Dr Mustafizur Rahman said the anonymous loan in banking sector gives wrong signal to the economy. "Such fake loans should be stopped to encourage good borrowers. Persons involved in the process should be brought under the

Former Bangladesh Bank Governor Mohammed Farashuddin has suggested for ensuring exemplary punishment for the loan defaulters and their supporters. The eminent economist thinks that political mandate of the government is important to bring order in the country's banking sector.

India's Adani Group as per agreement will take away Tk 1,26,581 crore from Bangladesh in the name of capacity charge. Bangladesh is already paying Tk 20,000 crore to several power companies in the country as capacity charge. Not only that, Bangladesh has to pay huge amounts of US

Key highlights: Gold prices kicked 2023 off to a strong start. Both the Shanghai Gold Price Benchmark PM (SHAUPM) in RMB (+2%) and the LBMA Gold Price AM in USD (+5%) extended their strength from late 2022 The Shanghai-London gold price premium experienced a mild rebound, putting

International Desk Investing in gold can not only offer perks like portfolio diversification but also protection against inflation. Gold — as well as assets like real estate and bonds — have proven to be a solid inflation hedge over the years.  Both Inflation and

Despite economic progress over time, Bangladesh's banking sector is facing crises due to loan default and money laundering by a section of unscrupulous people. Several state-owned and private banks are now in crisis due to non-repayment of loans. As a result, genuine businessmen

Bangladesh Bank (BB) is going to issue new banknotes of Tk 1,000 denomination signed by its governor, Abdur Rouf Talukder, from tomorrow (Feb 16).  It will initially be issued from the Motijheel office of the central bank and later from other branches as well, said a BB press

The Cabinet Committee on Government Purchase (CCGP) today approved separate proposals for procuring some 1 cargo or 33.60 lakh MMBtu LNG from the spot market, 1.10 crore litres of soybean oil and 8,000 metric tons of lentil to meet the growing demand. The approvals came from the 6th

Air India has ordered 470 new aircraft - a record for the aviation industry - as the carrier pushes to become bigger global player. Chairman N Chandrasekaran said the airline had its sights set on becoming "a world-class proposition". He said the orders from Europe's

India's markets regulator has confirmed that it is investigating allegations made by Hindenburg Research against companies owned by multi-billionaire Gautam Adani. The Securities and Exchange Board of India (SEBI) also says it is examining market activity around the report. Mr

The government has formed the National Pension Authority to bring in people from all walks of life under the universal pension scheme. The authority has been formed as per the relevant section of the Universal Pension Management Act, 2023 which was passed in the parliament on January

Bashundhara Group has won the internationally prestigious ‘Superbrands Award’ for its four products ---paper, tissue, diapant and liquefied petroleum gas (LPG). Superbrands Bangladesh announced the awards at a grand ceremony at a city hotel on Saturday. Forty most

Bangladesh Securities and Exchange Commission (BSEC) chairman Dr. Shibli Rubayat-Ul-Islam said gold traders can participate in the capital market if the company is profitable.  The BSEC chairman was addressing a seminar organized by Bangladesh Jewellers Association (BAJUS) on

Bangladesh Securities and Exchange Commission (BSEC) chairman Dr. Shibli Rubayat-Ul-Islam urged the government to facilitate the gold sector in penetrating foreign markets as it earlier facilitated the garments sector to help reach today's position. He said: "If the

As the gold sector is turning into a large-scale industry from a cottage industry in the country, the entrepreneurs underscored the need for preserving the skilled manpower of the sector apart from carrying out market research on specialized economic zones and export of gold items.

Industries Minister Nurul Majid Mahmud Humayun has assured jewellers of all-out support for setting up a special business hub of gold to help the country’s jewellery sector flourish as an industry. “Let’s earmark a place in or around Bashundhara to establish a safe

Middle and low income people have been hard hit by excess prices of protein. Visiting various markets in the capital, prices of some commodities including fish found increased over the week. Market shows that fish price has soared after broiler chicken and egg. Same is case with

Bangladesh Jewellers Association (BAJUS) President Sayem Sobhan Anvir suggested that people should buy gold and land as these two items are the most reliable assets for future economic safety. He was addressing a seminar titled “Narir Oitijjo, Narir Gohona (Women’s