Business

Bangladesh Bank (BB) has reconstituted the board of directors of IFIC Bank PLC after dissolving it. The central bank has also appointed four independent directors and two representatives from the government, according to a letter issued by the Bangladesh Bank on Wednesday. The independent directors are former managing director of National Bank Limited (NBL) Md Mehmud Hossain, former executive director ...

Syed Abu Naser Bukhtear Ahmed has been appointed as the chairman of Agrani Bank PLC for the next three years. To this end, the Financial Institution Division (FID) issued a gazette notification on Tuesday.  

Professor Dr Abdul Hannan Chowdhury has been appointed as a director and the chairman of the board of directors of Grameen Bank. The Financial Institutions Division under the Ministry of Finance issued a notification, signed by Deputy Secretary Afsana Bilkis, in this regard on Tuesday. Abdul Hannan Chowdhury is presently holding the position of professor at the School of Business ...

Bangladesh Bank (BB) has announced a special facility for flood-affected farmers and CMSME (Cottage, Micro, Small and medium enterprises) entrepreneurs to repay the loan installments. In this case, August installments of short-term agriculture and CMSME sector term loans in these areas can be repaid over three months. The Banking Regulations and Policy Department (BRPD) of BB issued a circular in ...

Bangladesh Bank (BB) has set a new cash withdrawal limit of Tk 5,00,000 through bearer’s cheques from Sunday (September 1). The decision was communicated to all commercial banks on Saturday. The central bank has limited the cash withdrawal following the interim government’s directive for banking and financial sector reforms after the fall of the previous government on August 5. It ...

Currently, Bangladesh is in the third place in terms of mobile usage. Mobile phone is a very necessary thing in our daily life. Almost every family in Bangladesh has a mobile phone. Mobile Fixer Ltd. has become a trusted brand for buying mobile phones in Bangladesh. People from different parts of the country now flock to Dhaka to buy mobile ...

Md Nazrul Islam Swapan, the prominent businessman and industrialist, was unanimously elected as the chairman of the Board of Directors at the 174th Emergent Board Meeting of the bank held on Friday (August 30). Before this, he served as a member of the board of directors of the same bank with honesty and integrity. He earned his bachelor’s and master’s ...

Full-time workers’ rights to ask for a four-day working week could be strengthened under government plans to increase flexible working. Employees would still have to work their full hours to receive their full pay but could request to compress their contracted hours into a shorter working week, as first reported by the Daily Telegraph. Since April, workers have already had ...

Bangladesh is showing an upward trend again in remittance sent by expatriates which exceeded $2 billion in 28 days of August. According to Bangladesh Bank’s updated report on remittance as of August 28, expatriate Bangladeshis sent $2.07 billion to the country through the formal channel. In the same period of August 2023, remittance inflow was $1.43 billion, reports UNB. Bangladesh ...

The Bangladesh Securities and Exchange Commission (BSEC) has removed the floor price for the shares of four more companies. The companies are BSRM Ltd, Khulna Power, Meghna Petroleum, and Shahjibazar Power. Now, the floor price remains only for two companies-Beximco Ltd and Islami Bank Bangladesh. The stock market regulator took the decision at an emergency meeting with its Chairman Khondoker ...