Business

The Bangladesh Bank has officially dissolved the boards of directors of Meghna Bank PLC, NRB Bank PLC, and NRBC Bank PLC. Arif Hossain Khan, the central bank’s spokesperson, confirmed the decision on the evening of March 12. He stated that further details on the next steps regarding these banks will be announced tomorrow.

Syed Manzur Elahi, prominent businessman and chairman of Apex Group, passed away at a hospital in Singapore on Wednesday morning. He passed away around 7:30AM (Bangladesh Time) while undergoing treatment there, his son Syed Nasim Manzur confirmed from Singapore over phone. Manzur Elahi had been suffering from old age complications for a long time, Nasin said, adding that, both he ...

A Dhaka court has imposed a travel ban on on Sikder Group Managing Director Ron Haque Sikder and 13 members of his family in connection with corruption allegations brought against them. Dhaka Metropolitan Senior Special Judge, Zakir Hossain Galib, issued the order in response to a petition filed by the Anti-Corruption Commission (ACC) On Tuesday (March 11). The others are ...

The interim government is making significant strides in its efforts to recover laundered money from abroad, with high-ranking officials expressing optimism about bringing back a substantial portion of the illicit funds within this year. Finance Adviser Dr. Salehuddin Ahmed and Special Assistant to the Chief Adviser for the Ministry of Finance, Anisuzzaman Chowdhury, have both highlighted the government’s commitment to ...

The arrears of 16,142 workers of seven out of 14 closed garment factories of the Beximco Industrial Park Ltd have been cleared so far following joints efforts of the ministries of labour and employment and finance, reports BSS. “The arrears of 16,142 workers from 7 out of 14 closed factories of the Beximco Industrial Park Ltd have been cleared with ...

The National Board of Revenue (NBR) has introduced the “Customs Risk Management Regulations, 2025” for addressing economic risks such as money laundering and terrorism financing. To this end, the revenue board issued a notification recently, reports BSS. According to the notification, “economic risk” also refers proceeds of crime, other illegal financial activities, customs and tax evasion and transnational organized economic ...

Consumer prices in China fell for the first time since January 2024, according to official data released on Sunday, as the country’s efforts to revive domestic spending continue to face challenges. The consumer price index (CPI), a key inflation indicator, dropped by 0.7 percent year-on-year in February, as per data from the National Bureau of Statistics (NBS). This marked a ...

US President Donald Trump on Thursday delayed some tariffs targeting Canada and Mexico — leading Ottawa to halt an upcoming wave of countermeasures — in moves that bring reprieve to companies and consumers after blowback on financial markets, reports AFP. Stock markets tumbled after Trump’s duties of up to 25 percent took effect Tuesday, as economists warned that blanket levies ...

Disbursement amount of inward remittances through agent banking rose 21.16 percent to Taka 1,73,390.72 crore at the end of December 2024. At the end of December 2023, the figure was Taka 143,113.28 crore, which increased in September 2024 to Tk 165,659 crore, according to the quarterly report on agent banking published by the Bangladesh Bank (BB). In September 2024 quarter, ...

Dhaka Metropolitan Senior Special Judge Md Zakir Hossain Galib ordered the seizure of six properties at Gulshan/Mohakhali/Tejgaon I/A and eight plots at Purbachal belonging to NASA Group head Nazrul Islam Mazumdar on Thursday (March 6). In addition, shares worth Tk 56.06 crore from 55 companies have been frozen. Among the assets confiscated are: In Gulshan Model Town- Plot 47 with ...