Business

Expatriate Bangladeshis sent close to $2 billion in remittances during the first 22 days of February in the fiscal year 2024-25, according to data from Bangladesh Bank (BB). The country received a total of $1.93 billion in remittances during this period. State-owned banks accounted for $831.36 million, while 43 private sector banks channeled $1.09 billion. Agrani Bank PLC led the ...

Renowned Banker Adnan Masud has recently joined United Commercial Bank PLC (UCB) as Additional Managing Director (AMD). With over two decades of experience in top-tier global banking institutions across multiple international markets like Malaysia, UAE, India, USA & Singapore, Adnan brings a wealth of expertise in corporate and investment banking, credit, transaction banking, financial institutions and institutional banking. Prior to ...

Masato Kanda officially assumed office as the 11th President of the Asian Development Bank (ADB) on Monday. With nearly four decades of experience in international finance and development policy, Kanda is widely recognised for his forward-thinking leadership and his decisive interventions during periods of market volatility. During his tenure as Japan’s Vice-Minister of Finance for International Affairs, he was instrumental ...

Aarong, the country’s most popular fashion and lifestyle brand, is proud to announce theofficial opening of its new outlet in Noakhali. Aarong, the country’s popular fashion and lifestyle brand, has launched a new outlet at 826 Napiter Pool on Main Road in Noakhali’s Maijdee for shoppers. It was launched on Saturday (February 22) and warmly welcomes shoppers in time for ...

The government has planning to start electric bus services on three routes in the capital to reduce air pollution as the  air quality in Dhaka plummeted to a catastrophic level. World Bank will provide 300 million to run  this project. Electric vehicles represent a viable solution to mitigate vehicular air pollution in major cities like Dhaka. It can help reduce ...

After a three-decade hiatus, the Bangladesh Shipping Corporation (BSC) is set to purchase 12 cellular boxships, each capable of carrying 2,500 to 3,000 twenty-foot equivalent units (TEUs). According to a report by the UK-based maritime news platform The Loadstar, this acquisition marks Bangladesh’s entry into the regional container shipping market and signals BSC’s return to the sector after nearly 30 ...

The government has decided to export 11,000 metric tonnes of hilsa to Saudi Arabia and the United Arab Emirates (UAE) for Bangladeshi expatriates.

A case has been filed against NASSA Group Chairman Nazrul Islam Mazumder by the Anti-Corruption Commission (ACC) for allegedly acquiring illegal assets worth more than Tk781.31 crore. ACC Director General M Akhtar Hossain confirmed the matter and said that Assistant Director Mohammad Shahjahan Miraj lodged the case with the ACC’s Integrated District Office, Dhaka-1. The charges against Nazrul have been ...

Adani Power has agreed to restore the full supply from a 1,600 MW power plant in India to Bangladesh within a few days, according to a report by Reuters. However, the company has rejected Dhaka’s requests for discounts and tax benefits. As Bangladesh struggled with a foreign currency shortage, Adani halved the power supply on October 31 amid payment delays. ...

Metro Rail has set a new record by transporting over 4,00,000 passengers in a single day. Dhaka Mass Transit Company Limited (DMTCL), the operator of the Metro Rail, shared the information through their verified Facebook page on Friday night. Metro Rail transported 403,164 passengers for the first time. The Metro Rail family extended heartfelt gratitude and thanks to all its ...