Business

In a move to foster business growth and increase employment in the Cottage, Micro, Small, and Medium Enterprises (CMSME) sector, Bangladesh Bank has introduced a new policy aimed at boosting access to finance. The central bank has mandated that 27 percent of all loans be allocated to the CMSME sector over the next five years. This decision was unveiled at ...

Biman Bangladesh Airlines will operate extra flights on the Rajshahi, Syedpur, and Barishal routes alongside its regular schedule to accommodate the surge in passengers during Eid-ul-Fitr. The airline announced today that additional flights on the Dhaka-Rajshahi-Dhaka route will be available from March 26 to March 30. Similarly, special flights on the Dhaka-Syedpur-Dhaka route will run daily from March 26 to ...

Two ships, carrying a total of 35,000 metric tonnes of rice from India and Vietnam, have arrived at Chittagong port. Through an open tender, a vessel named MV TANAIS DREAM brought 22,500 metric tonnes of parboiled rice from India. Besides, under the G2G agreement signed on February 3, another vessel, MV HONG LINH 1, arrived with 12,500 metric tonnes of ...

President Donald Trump has taken a significant step in supporting the cryptocurrency sector by signing an executive order to establish a “Strategic Bitcoin Reserve.” The reserve, which White House crypto chief David Sacks has described as “a digital Fort Knox,” aims to safeguard Bitcoin in a manner similar to how gold is stockpiled at the U.S. military base. The reserve ...

A consignment of 26,250 metric tonnes of rice reached Chittagong port from Pakistan on Saturday. The Pakistani vessel named ‘MV MARIAM’ carrying the rice under the Government-to-Government (G2G) deal anchored at Chittagong Port in the morning, said Imdad Islam, Public Relations officer of the Food Ministry. The unloading of the rice started after conducting the sample test, it said. Another ...

Advance train ticket sales for the upcoming Eid ul-Fitr have begun online. The sale for the western region’s intercity trains started at 8:00 AM on Friday (March 14). The sale for the eastern region’s intercity train tickets will begin at 2:00 PM. This was confirmed by Mohammad Anwar Hossain, Station Master at Dhaka Railway Station (Kamalapur). He mentioned that the ...

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 ...