Business

The authorities of 15 readymade garment factories in Ashulia have been forced to close the factories amid the workers’ protest. As per the directive of  Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the factories in Ashulia opened on Sunday morning. And the workers joined their respective workplaces at 8AM as usual. But after 9:30AM, some of them stopped production and ...

Bangladesh Bank (BB) has officially lifted all restrictions on cash withdrawals from banks, citing improvements in the law and order situation. The announcement, made by BB Executive Director and Spokesperson Md Mezbaul Haque, indicates that from Sunday, customers can withdraw any amount of money without limitation. This decision comes a month after the central bank imposed restrictions in response to ...

CIA Director Bill Burns and UK MI6 chief Richard Moore warned on Saturday that the world order was “under threat in a way we haven’t seen since the cold war”. Writing in a Financial Times op-ed, the two spy chiefs said “we have no more trusted or esteemed allies” than each other, adding that the partnership would be vital as ...

Garment workers in the industrial areas of Savar and Ashulia have started working in the garment factories. Workers were seen returning to work at factories in Narsinghpur, Nishchintapur, Jamgora DEPZ, and Palashbari areas on Saturday morning, where protests had taken place previously. However, at around 9:00 am, authorities declared a holiday for two factories. Aside from this, no reports of ...

Matiar Chowdhury:   Bangladesh Caterers Association (BCA), the oldest organization of British Bangladeshi businessmen established in Britain in 1960, has announced the date of their annual award ceremony. On this occasion, at the five-star Millennium Gloucester Hotel in Central London at one o’clock in the afternoon on September 5, the organization’s President Oli Khan MBE and Secretary General Mithu Chowdhury ...

Up to 50% of all vehicles bought in Pakistan by 2030 will be electrified in some form in line with global targets, BYD Pakistan, a partnership between China’s BYD and Pakistani car group Mega Motors, said on Friday, reports Reuters. Warren Buffett-backed Chinese electric vehicle giant BYD last month announced its entry into Pakistan, making the South Asian nation of ...

Retailer John Lewis is bringing back its “never knowingly undersold” price pledge from Monday, two years after abandoning it. It will also apply to online sales for the first time, whereas it previously only applied to in-store shopping, and will use AI to match the prices of 25 top retailers. The department store chain has been trying to win back ...

The Criminal Investigation Department (CID) has decided to investigate the allegation of money laundering against Bashundhara Group chairman Ahmed Akbar Sobhan, managing director Sayem Sobhan Anvir and others concerned. Additional superintendent of CID media wing Azad Rahman, said the CID had decided to investigate the allegations of embezzlement, laundering of thousands of crores of taka through fraud, forgery, duty evasion, ...

Mohammad Abdul Mannan has been appointed as the Chairman of the reformed Board of Directors of First Security Islami Bank PLC. He obtained his Master of Social Sciences (MSS) from University of Dhaka. Mohammad Abdul Mannan served as the Managing Director of Islami Bank Bangladesh PLC. for a long time, said a press release. He received the best award among ...

Bangladesh Bank (BB) Governor Dr Ahsan H Mansur said on Wednesday (September 4) that money was looted from eight commercial banks of the country in various ways. “Depositors keep their deposits in these banks being allured by high rate of interest. However, the central bank will look after the interests of depositors. There is nothing to be panicked. Please don’t ...