Bangladesh Bank Governor Ahsan H Mansur yesterday said it would be possible to lower the policy rates within about six months if inflationary pressure in the country is reduced to a tolerable level.

Islami Bank Bangladesh will appoint three external auditors to root out the causes of irregularities in its loan approvals, forex dealings and employee recruitment process over the past seven years.

Businesspeople yesterday expressed deep concern over the security of their factories and trade, apprehending that a lack of law and order would prompt foreign buyers to shift work orders to other countries.

The immediate past chairman of the stock market regulator had attempted to get government approval earlier this year to bring voice calls and internet data of stock market investors under surveillance.

Three major indicators of the economy -- imports, remittances and foreign exchange reserves -- are likely to increase in the first quarter of the current fiscal year, a positive development for the external accounts, according to the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI).

Vandalism and arson attacks on factories since earlier this month have created deep concerns among entrepreneurs and plunged thousands of employees who work in these firms into uncertainty.

The family of former land minister Saifuzzaman Chowdhury Javed lost its grip on United Commercial Bank (UCB) yesterday as the Bangladesh Bank dissolved the lender’s board of directors.

The central bank issued three separate letters to the banks

Ahsan H Mansur says in a meeting with a delegation of the Dhaka Chamber

Imports, remittances and forex reserves are likely to increase, the leading chamber says

However, the turnover saw a 34% jump from the previous day

The money will be used to plug external financial gaps, the country's central bank chief says

The Bangladesh Bank yesterday instructed six S Alam-owned banks to stop any money going out of the accounts in the name of the Chattogram-based business giant, its associates’ companies and related persons.

The Dutch data protection watchdog said Monday it hit ride-hailing app Uber with a 290-million-euro ($324 million) fine over the transfer of personal data of European drivers to US servers.

Oil prices rose 2 percent on Monday on news of fresh production outages in Libya, adding to earlier gains on concerns that an escalating Gaza conflict could disrupt regional oil supplies.

The recent situation in Bangladesh has posed significant challenges for the garment industry, one of the country’s most vital economic sectors. A temporary halt in operations caused by unforeseen events led to considerable disruptions in export-import activities and factory operations.

Gold demand in India during the upcoming festive season is likely to remain robust, as the substantial reduction in import duty has made prices appealing, providing comfort to retail consumers and encouraging purchases, industry officials said.

The Chattogram port has been hit by container congestion again as daily deliveries have slowed in the amid of flash floods, which caused disruptions along the Dhaka-Chattogram Highway since Thursday.

Gold prices hit a historic high of Tk 127,942 per bhori, with the Bangladesh Jewellers Association (Bajus) deciding to bring the new rate into effect yesterday.

Orion Pharma Ltd, a pharmaceutical company of Orion Group, has been provided a rescheduling facility on a forced/demand loan by state-run Agrani Bank with special approval from the Bangladesh Bank.