Bangladesh Bank has decided that overdue payments for letters of credit (LCs), will be cleared within the next five to six months. Bangladesh Bank (BB) Governor Ahsan H Mansur made the commitment during a virtual meeting between the Bangladesh Bank and the correspondent banks on

 A female garment worker was killed and twenty others were injured during a clash between two groups of workers near the Mascot Garments factory in the Zirabo area of Ashulia on Tuesday. The deceased was identified as Rokeya Begum. According to the Ashulia Industrial Police,

The World Bank (WB) has pledged to provide Bangladesh with $1 billion (100 crore) in lending support for implementing financial sector reforms. Bangladesh Bank Executive Director Husne Ara Shikha told reporters Sunday (Sep 15). The loan package would be approved in World

A US delegation led by Assistant Secretary for International Finance at the Department of the Treasury Brent Neiman held a meeting with Finance Adviser Dr. Salehuddin Ahmed. The meeting was held at the State Guest House Padma on Sunday (September 15) morning. US Assistant Secretary

The state-run Trading Corporation of Bangladesh (TCB) has started selling essential commodities at subsidized prices countrywide today for the month of September. As part of this initiative, rice, lentils, and edible oil will be sold at subsidised rates to around one crore family card

Jewellers have inflated the price of gold by Tk3,581 to Tk1,29,902 per bhori (11.664 grams) due to a hike in the price of pure gold in the local market. The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association (BAJUS) made the decision at a

The owners of the readymade garment (RMG) factories have threatened to keep their factories closed for an indefinite period from Sunday if the workers’ unrest continues.    Bangladesh Garment Manufacturers and Exporters Association (BGMEA) said in a press statement

Finance Adviser Dr. Salehuddin Ahmed today (Sept 14) urged tax officials to change their approach to ensure that taxpayers no longer fear interactions with the revenue department, as the government pushes forward with critical reforms in the banking and revenue sectors.

India's forex reserves jumped $5.2 billion to a fresh all-time high of $689.24 billion for the week ended 30 August, the Reserve Bank of India (RBI) on Friday. Earlier, reserves expanded by $2.3 billion to previous all-time high of $683.99 billion for the week ending on 30 August.

The United States (US) private sector can help unlock Bangladesh's growth potential through trade and investment with the right economic reforms in place. The US Embassy in Dhaka said this today (Sept 14) after a trade and investment-related discussion in the capital.   The

The Indian government on Friday scrapped a minimum price threshold that it had set previously for exports of onion as it looked to pass on the benefit of the international glut to Indian farmers. The government had previously fixed a USD 550 per tonne as the minimum export price (MEP),

Bashundhara Paper Mills Limited (BPML) and Bashundhara Multi Paper Industries Limited (BMPIL), collectively known as the Paper Sector of Bashundhara Group, have been awarded an Honourable Mention in the category of Industry Innovation and Infrastructure at the SDG Brand Champion Awards

A Dhaka court today (Sept 12) issued arrest warrants against former BASIC Bank Chairman Sheikh Abdul Hye Bacchu and four of his family members in a case filed over embezzlement and money laundering of around Tk95 crore. Judge Mohammed Ash-Shams Joglul Hossain of the Metropolitan Senior

Chief Adviser Professor Dr Muhammad Yunus will exchange views with the businessmen this afternoon. The view-exchange meeting will begin at Hotel Intercontinental in the capital at 3 pm today, the chief adviser's press wing said. BDST: 1310 HRS, SEPT 12, 2024 SMS

Five officials and staff members of Bangladesh Oil, Gas, and Mineral Corporation (Petrobangla) were suspended for their involvement in vandalizing the office premises. Petrobangla confirmed the suspensions on Tuesday through an official statement. The suspended individuals include

The government has decided to provide loans to readymade garment (RMG) factory owners to help them pay their workers’ salaries, aiming to restore normalcy in one of the fastest-growing economic sectors in the country. Labour Adviser Asif Mahmud made the announcement while

The government has appointed Md Hafizur Rahman, a member of the Bangladesh Competition Commission and also a former additional secretary, as the administrator of the Federation of Bangladesh Chambers of Commerce & Industries (FBCCI). A notification, signed by Dr Naznin Kawsar

Biman Bangladesh Airlines has announced a reduction in ticket prices for Umrah pilgrims travelling from Bangladesh to Jeddah and Madinah. Biman has opened all booking classes, allowing Umrah pilgrims to purchase tickets under any available fare classes or Reservation Booking

The Bangladesh Financial Intelligence Unit (BFIU) on Monday directed all banks to freeze the accounts of Diamond World Managing Director Dilip Kumar Agarwala, who is alleged to be a smuggler, and his family members. In a letter sent to banks and other financial institutions, the BFIU

The revenue authorities said that Tk1.09 lakh crore was deposited in accounts across six banks associated with various businesses and family members of Md Saiful Alam, chairman of S Alam Group. These accounts currently hold Tk26,000 crore, according to sources at the National Board of