Business

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 ...

Former comptroller and auditor general (CAG) Mohammad Muslim Chowdhury has been appointed as the chairman of Sonali Bank PLC. Financial Institutions Division of the Ministry of Finance issued a circular to this end on Wednesday (August 28). Chowdhury, who is also a former finance secretary, has been appointed to the position with a three-year tenure from the date of his ...

    Tilda is proud to announce its partnership with Ladies of Virtue Outreach CIC (LOVO), a non-profit organisation dedicated to engaging, equipping, and inspiring women and their families. As part of this partnership, Tilda will donate £10,000 to support LOVO’s initiatives over the next 12 months. In addition, the partnership will involve multiple joint community initiatives aimed at celebrating ...

Bangladesh Bank has dissolved the board of directors of United Commercial Bank (UCB), Union Bank and Global Islami Bank, which had also been controlled by the S Alam Group. The central bank has appointed new board members to oversee each bank’s operations. The newly constituted board includes representatives from independent directors, signalling a shift towards improved governance. BB formed a ...

The United Kingdom (UK) on Tuesday expressed their keen interest to help Bangladesh reform its banking and revenue sectors alongside the capital market. The interest surfaced as the UK High Commissioner to Bangladesh Sarah Cooke called on Finance Adviser to the interim government Dr Salehuddin Ahmed at his Economic Relations Division (ERD) office in the city, report BSS. After the ...

Most Asian equities rose with the yen on Monday after US Federal Reserve boss Jerome Powell said “the time has come” to start cutting interest rates, lining up the central bank for a move as soon as next month. The comments provided investors with an extra boost and helped put the market turmoil earlier in August behind them, though analysts ...

Bangladesh Bank (BB) has ordered commercial banks not to allow cash withdrawals of more than Tk 4 lakh per account daily. Earlier, the limit was Tk 3 lakh. The central bank has hiked the limit once in each of the previous three weeks, which it imposed after the deterioration of the law and order and overall security situation in the ...

Metro rail resumed operations on Sunday after remaining suspended for over a month. But Kazipara and Mirpur-10 stations, which were damaged during the recent unrest, will remain closed. The first train started from Uttara North Metro Station at 7:10am and the first train from Motijheel departed at 7:30am. The regular commuters of metro rail, especially the office commuters, were relieved ...