Business

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 ...

Bangladesh Bank (BB) has reconstituted the board of directors of IFIC Bank PLC after dissolving it. The central bank has also appointed four independent directors and two representatives from the government, according to a letter issued by the Bangladesh Bank on Wednesday. The independent directors are former managing director of National Bank Limited (NBL) Md Mehmud Hossain, former executive director ...

Syed Abu Naser Bukhtear Ahmed has been appointed as the chairman of Agrani Bank PLC for the next three years. To this end, the Financial Institution Division (FID) issued a gazette notification on Tuesday.  

Professor Dr Abdul Hannan Chowdhury has been appointed as a director and the chairman of the board of directors of Grameen Bank. The Financial Institutions Division under the Ministry of Finance issued a notification, signed by Deputy Secretary Afsana Bilkis, in this regard on Tuesday. Abdul Hannan Chowdhury is presently holding the position of professor at the School of Business ...

Bangladesh Bank (BB) has announced a special facility for flood-affected farmers and CMSME (Cottage, Micro, Small and medium enterprises) entrepreneurs to repay the loan installments. In this case, August installments of short-term agriculture and CMSME sector term loans in these areas can be repaid over three months. The Banking Regulations and Policy Department (BRPD) of BB issued a circular in ...