Business

Retailers reported a 0.5% rebound in July after the Euro 2024 football championship and summer discounting fuelled shopping. The increase follows a sharp fall in June, when sales volumes – which measure the quantity bought – were hit by poor weather. Department stores and shops selling sports goods shifted higher volumes of gear last month. But the Office for National ...

The UK’s economy grew by 0.6% between April and June as it continued its recovery from the recession at the end of last year. The latest figure was in line with forecasts and follows a 0.7% increase in the first three months of this year. Growth was led by the services sector, in particular the IT industry, legal services and ...

The National Board of Revenue (NBR) has sought details of bank accounts associated with the industrialist Mohammad Saiful Alam, known as S Alam, and his family members. In a letter issued from Tax Zone-15 of the revenue board asked 91 banks and non-bank financial institutions to provide details of accounts of S Alam’s wife Farzana Parvin; his mother Chemon Ara ...

Trust and loyalty of customers and skilled workforce of more than 6,000 people are the corner stones of the country’s largest banking network, IFIC Bank, said Syed Mansur Mustafa, Managing Director of the Bank, at a meeting held on Wednesday (August 14) at the Multipurpose Hall of IFIC Tower in Dhaka. Mansur Mustafa said that IFIC is a 48-year-old organization ...

Those who are involved in money laundering in the country will not be allowed to sleep peacefully as they will be held accountable under the law, Dr Ahsan H Mansur, newly appointed governor of Bangladesh Bank, said today (14 August). “Efforts will continue to recover the money from launderers. We will coordinate with the government to stop money laundering and ...

Finance and Planning Adviser Dr Salehuddin Ahmed Tuesday said that they have taken the charge of the interim government to march the economy forward braving all the barriers. “You can be best assured that we’ve taken charge to take the economy forward as soon as possible. There may be some transitory problems, but those are not significant and hopefully we’ll ...

Four top officials of Bangladesh Bank (BB), including two deputy governors, have resigned from their respective posts. They submitted their resignation letters to the Financial Institutions Department of the Ministry of Finance on Monday (August 12). The four officials are deputy governor-1 Kazi Saidur Rahman, deputy governor-3 Khurshid Alam, Bangladesh Financial Intelligence Unit (BFIU) Chief Masud Bishwas and the central ...

Five people, including three officials, sustained bullet injuries after some armed people attacked the head office of Islami Bank Bangladesh in the capital’s Motijheel on Sunday. The incident happened at about 10:15am. The injured officials are Mamun, Abdur Rahman, Baki Billah; and guard Shafiullah Sarder. The identity of another injured could not be known. Witnesses said some officials gathered in ...

The benchmark index DSEX of the Dhaka Stock Exchange (DSE) surged by 277 points in the first 25 minutes today, hitting 6,000 mark for the first time in five months. During the session till 10:25am, the DSEX reached at 6,202 points, while the blue-chip index DS30 gained 118 points to reach at 2,251. The turnover stood at Tk399 crore. During ...

Bangladesh has entered a new chapter in its journey as the wheels of the economy are rolling again, with the country still healing from fresh wounds. The recent three-week student movement ultimately forced Sheikh Hasina to resign and flee the country, ending her 15-year rule. The movement began with the students seeking reforms to the quota system for civil service ...