The revenue authorities said that Tk1.09 lakh crore was deposited in accounts across six banks associated with various businesses and family members of Md Saiful Alam, chairman of S Alam Group. These accounts currently hold Tk26,000 crore, according to sources at the National Board of

Boeing is offering its staff a 25% pay bump over a four-year contract, in a bid to avoid a strike that could potentially shut down its assembly lines as early as Friday. Union leaders representing more than 30,000 employees have urged the workers to support the proposal, describing it

Bangladesh Bank Governor Ahsan H Mansur today (Sep 8) said at least 10 banks are teetering on the edge of bankruptcy. To save those banks from being bankrupt, the central bank is working due process, he said at a press conference held on Sunday at Bangladesh Bank. “We do not

Dhaka Bank PLC Managing Director and CEO Emranul Huq passed away in India early Sunday. He was 61. Emranul, who was suffering from cancer, breathed his last while undergoing treatment at Apollo Hospital Kolkata, an official of the bank confirmed the matter. He was reappointed as the

The country's economic crisis has severely impacted the housing sector, driving it to the brink of collapse. This ripple effect has crippled more than 300 related industries, leaving 458 sub-sectors in critical condition. The Real Estate and Housing Association of Bangladesh

Bangladesh Bank (BB) has lifted a limit on cash withdrawals from banks as law and order situation improves. "Restrictions on cash withdrawals from banks will no longer be applicable from next Sunday onwards," said Bangladesh Bank Spokesman Mezbaul Haque. The relaxation

A Dhaka court today (Sept 7) sent Diamond World's Managing Director (MD) Dilip Kumar Agarwala to jail in the case filed over the shooting and killing of a BNP activist during the anti-discrimination student movement. Following a hearing on Saturday, Dhaka's Metropolitan

Garment workers in the industrial areas of Savar and Ashulia have returned to their garment factories. Workers were seen returning to work at factories in Narsinghpur, Nishchintapur, Jamgora DEPZ, and Palashbari areas on Saturday morning, where protests had taken place previously.

The Bangladesh Bank (BB) on Wednesday (Sep 4) dissolved the board of directors of IFIC bank, and formed a new six-member board, effectively dropping Sheikh Hasina’s corrupt adviser Salman F Rahman from the list. Former managing director of the National Bank Limited (NBL) Md

Chief Adviser Professor Dr Muhammad Yunus assured business leaders of all possible support to take the country's industrial growth to a new height. The Chief Adviser gave the assurance when a business delegation paid him a courtesy call at the State Guest House Jamuna in the

Japan imported oil from Saudi Arabia in July amounting to 22.58 million barrels, representing 35.7% of its total import of the commodity. This is according to Japan’s Ministry of Economy, Trade and Industry’s Agency of Natural Resources and Energy. In July, Japan

For over 15 years, Diamond World Limited, owned by Dilip Kumar Agarwala, has been selling diamond jewelry across Bangladesh, including in the capital, without importing any actual diamonds.  The company was established in 2005 and operates 28 showrooms throughout the country.

Jewellers have lowered the price of gold by Tk1,621 to Tk1,26,321 per bhori (11.664 grams) amid a tariff drop on pure gold. The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association (BAJUS) made the decision at a meeting on Sunday (September

Diamond World Managing Director Dilip Kumar Agarwala has been dealing in smuggled diamonds for over a decade. Agarwala, a member of the industry and trade sub-committee of the Awami League, is also accused in cases filed over the killings of students during the recent

The Bangladesh Bank (BB) has increased the cash withdrawal limit from banks to Tk5 lakh per account, up from Tk4 lakh in the previous week. The central bank sent this instruction to the banks on Saturday night, citing ‘security reasons’. It also instructed commercial

Abdul Mannan, the former Managing Director (MD) of Islami Bank Bangladesh PLC, claimed that he was taken from his residence by officers of the Directorate General of Forces Intelligence (DGFI) and forced to sign his resignation on 5 January 2017. Mannan said that the controversial

Diamond World, owned by Awami League’s Trade and Industry Subcommittee member Dilip Kumar Agarwala, evaded value-added tax (VAT) of Tk25,200 crore in the last 15 years, said sources at the investigation agency concerned. However, the investigation against the company was covered

The interim government today (Aug 29) decided in principle to stop the much-talked-about provision of whitening black money. The decision was taken during the advisory council meeting at the state guest house Jamuna in Dhaka. Syeda Rizwana Hasan, adviser of the Environment, Forest,

A passenger returning from the United Arab Emirates was arrested with approximately 16 kilograms of gold at Sylhet Osmani International Airport. Intelligence agencies and the customs intelligence team recovered 105 gold bars and four round pieces of gold from his possession. The estimated

The country's current outstanding foreign payment obligation for electricity and fuel imports stands at approximately $2.2 billion. To address this, the government has sought $1 billion in budget support from the World Bank for the power and energy sector, said Muhammad Fouzul