The Bangladesh Bank yesterday barred the chairman of any non-bank financial institution (NBFI) along with the heads of executive, audit and risk management committees from holding any post of its subsidiary or foundation.

High-ups of the government and the top commercial bankers yesterday urged expatriate Bangladeshis to send their money through legal channels instead of using hundi, an illegal cross-border money transfer network.

The Bangladesh Bank today barred the chairman of any non-bank financial institution (NBFI) along with the heads of executive, audit and risk management committees from holding any post of its subsidiary or foundation.

The government high-ups and the top commercial bankers today urged expatriate Bangladeshis to send their money through the legal channel instead of using hundi – an illegal cross-border money transfer network.

The disasters like the Nimtoli tragedy and the Tazreen Fashion fire have been eye-openers for the government to take widespread measures immediately to ensure industrial safety, Industries Minister Nurul Majid Mahmud Humayun said today.

Digital payment service provider Visa has selected digital payments start-up TallyKhata from Bangladesh for the 2022 cohort of its Visa Accelerator Programme in the Asia Pacific.

Jubilant FoodWorks, the master franchisee of Domino’s Pizza in India, Sri Lanka, Bangladesh and Nepal, has fully acquired Jubilant Golden Harvest Ltd, the franchisee of Domino’s Pizza in Bangladesh.

Dhaka stocks shed 73 points yesterday as investors are plagued by fears of a regulatory intervention in the interest rate ceiling coupled with chances of Russia’s war on Ukraine placing the global economy in a tight position amid surging oil prices.

The government should unveil a roadmap in the upcoming budget to deal with the challenges that the country might face following its graduation from the group of the least-developed countries (LDCs), said Monzur Hossain, research director of the Bangladesh Institute of Development Studies (BIDS).

Litchi cultivation is on the rise in Pabna, where the seasonal fruit now plays a vital role in agro-economics as farmers in the district are likely to get record production due to the favourable weather conditions in early summer.

Companies, wholesalers and retailers are blaming each other for the disappearance of edible oil from the market ahead of Eid-ul-Fitr.

Onion prices shot up in Bangladesh after the plant quarantine office of the agriculture ministry stopped issuing import permits for the popular cooking ingredient in a bid to protect the interest of local growers.

Jubilant FoodWorks, the master franchisee of Domino's Pizza in India, Sri Lanka, Bangladesh and Nepal, has fully acquired Jubilant Golden Harvest Ltd, the franchisee of Domino’s Pizza in Bangladesh.

Commerce Minister Tipu Munshi today invited the Canadian investors to set up canola oil manufacturing mills in Bangladesh.

Bangladesh Bank announced today that it has not cancelled any banknote.

Stocks tumbled for the consecutive second day and lost 73 points today.

To ease pressure on foreign exchange reserves, the government has decided to stop foreign trips of its officials and postponed implementation of less important projects that require imports.

The growth estimate for fiscal 2021-22 appears directionally consistent with the high-frequency growth indicators such as exports, imports, private credit and revenue collections.

The stocks in Bangladesh dropped yesterday after increasing in the last couple of days.

Salt production reached a 61-year high this fiscal year thanks to the conducive environment, allowing farmers to eye more profit amid good market prices.