Business

The Bangladesh Bank today ordered commercial banks to disallow cash withdrawals of more than Tk 3 lakh per account, up from the previous limit of Tk 2 lakh. A senior central bank official said security concerns have been gradually easing, which is why the withdrawal limit was relaxed. It also instructed banks to monitor transactions through cheques and block any ...

“All you can fly” – unlimited flights for an annual subscription fee. What’s not to like? A fair amount, for some passengers, it turns out. Wizz Air’s new scheme under that title has divided opinion. Some have praised the €499 (£426) scheme’s “insanely great” value on trips as far as the Maldives, and the budget airline says it has been ...

Retailers reported a 0.5% rebound in July after the Euro 2024 football championship and summer discounting fuelled shopping. The increase follows a sharp fall in June, when sales volumes – which measure the quantity bought – were hit by poor weather. Department stores and shops selling sports goods shifted higher volumes of gear last month. But the Office for National ...

The UK’s economy grew by 0.6% between April and June as it continued its recovery from the recession at the end of last year. The latest figure was in line with forecasts and follows a 0.7% increase in the first three months of this year. Growth was led by the services sector, in particular the IT industry, legal services and ...

The National Board of Revenue (NBR) has sought details of bank accounts associated with the industrialist Mohammad Saiful Alam, known as S Alam, and his family members. In a letter issued from Tax Zone-15 of the revenue board asked 91 banks and non-bank financial institutions to provide details of accounts of S Alam’s wife Farzana Parvin; his mother Chemon Ara ...

Trust and loyalty of customers and skilled workforce of more than 6,000 people are the corner stones of the country’s largest banking network, IFIC Bank, said Syed Mansur Mustafa, Managing Director of the Bank, at a meeting held on Wednesday (August 14) at the Multipurpose Hall of IFIC Tower in Dhaka. Mansur Mustafa said that IFIC is a 48-year-old organization ...

Those who are involved in money laundering in the country will not be allowed to sleep peacefully as they will be held accountable under the law, Dr Ahsan H Mansur, newly appointed governor of Bangladesh Bank, said today (14 August). “Efforts will continue to recover the money from launderers. We will coordinate with the government to stop money laundering and ...

Finance and Planning Adviser Dr Salehuddin Ahmed Tuesday said that they have taken the charge of the interim government to march the economy forward braving all the barriers. “You can be best assured that we’ve taken charge to take the economy forward as soon as possible. There may be some transitory problems, but those are not significant and hopefully we’ll ...

Four top officials of Bangladesh Bank (BB), including two deputy governors, have resigned from their respective posts. They submitted their resignation letters to the Financial Institutions Department of the Ministry of Finance on Monday (August 12). The four officials are deputy governor-1 Kazi Saidur Rahman, deputy governor-3 Khurshid Alam, Bangladesh Financial Intelligence Unit (BFIU) Chief Masud Bishwas and the central ...

Five people, including three officials, sustained bullet injuries after some armed people attacked the head office of Islami Bank Bangladesh in the capital’s Motijheel on Sunday. The incident happened at about 10:15am. The injured officials are Mamun, Abdur Rahman, Baki Billah; and guard Shafiullah Sarder. The identity of another injured could not be known. Witnesses said some officials gathered in ...