Information about S Alam Group has bought a bank with money from another lender and taken controlling stakes in other banks is surfacing now, but people in the banking sector and involved in economic policy-making knew about the developments, said Ahsan H Mansur, executive director of the Policy Research Institute of Bangladesh.

Shares on the Dhaka and Chattogram stock exchanges fell for the second consecutive day yesterday as shaky investors went for selling while some adopted the ‘wait-and-see’ stance amid the ongoing gloomy market trend.

The country’s top economists yesterday unanimously suggested the Bangladesh Bank take visible actions against irregularities at Islami Bank Bangladesh Limited (IBBL), scamsters and willful loan defaulters to restore confidence in the banking sector. 

The commerce ministry recently issued a letter to Evaly, seeking the exact number of its aggrieved customers and merchants as well as the amount of money stuck-up in payment gateways in order to facilitate refunds.

Rabeya Nasir Ovi has been elected president of the executive committee of Junior Chamber International (JCI) Dhaka Young for 2023 at its general assembly in Dhaka recently. 

Nurul Qayyum Khan has been re-elected president of Bangladesh Inland Container Depots Association (BICDA) for the 7th consecutive term.

A three-day international technology trade show on leather goods, including the machinery, chemicals, accessories and other components needed to make them, will kick off in Dhaka on Wednesday.

Bank Asia has won an “Overall Winner” award and also won first prize in all three categories -- private sector banks, corporate governance disclosures and integrated reporting -- of Best Presented Annual Reports 2021 at a 22nd ICAB National Award. 

Al-Arafah Islami Bank recently appointed a new deputy managing director (DMD). 

Dhaka Bank and Ananta Real Estate signed an agreement in Dhaka recently over payroll services and other products such as interest or profit bearing accounts, loans and credit cards on preferential terms for the latter’s employees. 

While no other country uses floor price to stop a share price fall, Bangladesh has launched it as a market intervention mechanism claiming it was to save small investors. 

Bangladesh Bank has come up with a new arrangement named “Islamic Bank Liquidity Facility”, under which the country’s shariah-based banks can now take short-term loan, a first of its kind in the banking sector.

The commerce ministry has recently asked Evaly to share information about the exact number of customers of the troubled e-commerce company and the amount of its money that is stuck up in the payment gateways.

Srihatta Economic Zone has become active as a door and window manufacturing company started production in the special area in Moulvibazar’s Sherpur.

Shares on the Dhaka and Chattogram stock exchanges fell for the second consecutive day today as shaky investors went for selling while some adopted the 'wait-and-see' stance amid the ongoing gloomy market trend.

Inflation eased further to 8.85 per cent in November as prices of most of the food items were steady last month, data from the Bangladesh Bureau of Statistics (BBS) showed today.

The price of coal in Bangladesh has flared up by some 78 per cent over the past year, hitting Tk 32,000 per tonne at present compared to Tk 18,000 per tonne previously, as depreciation of the local currency against the US dollar has made imports costlier, according to industry people.

Industrial demand for liquefied petroleum gas (LPG) has shot up around threefold in the past couple of months, which market insiders believe resulted from industries trying to reduce their reliance on diesel for a hike in its price. 

With Bangladesh rapidly improving its infrastructure and connectivity and making regulatory reforms, Japan expects massive foreign investments flowing into the country as it looks to become a regional industrial hub in a few years. 

A new study has unearthed flaws in the beneficiary selection under the “Amar Bari, Amar Khamar (My house, My farm)” project as it found the inclusion of ineligible households in the much-hyped scheme.