Five Indian power companies that supply electricity to Bangladesh are owed more than $1 billion, according to a report by The Economic Times on Tuesday. The industry executives are aware of the matter, the report reads.  Despite the dues, the Indian power companies have not

S Alam Group has been dropped from the joint venture project of Eastern Refinery Limited (ERL) for refining fuel oil. The interim government took a policy decision not to enter into an agreement with the Chattogram-based conglomerate involved in a series of financial scams. ERL

Canada says it will impose a 100% tariff on imports of China-made electric vehicles (EV) after similar announcements by the US and European Union. The country also plans to impose a 25% duty on Chinese steel and aluminium. Canada and its Western allies accuse China of subsidising

The United Kingdom (UK) today (Aug 27) expressed its interest in assisting Bangladesh with reforms in its banking, revenue, and capital market sectors. This interest was conveyed during a meeting between UK High Commissioner to Bangladesh, Sarah Cooke, and Dr. Salehuddin Ahmed, the

Bangladesh will examine data anomalies that allegedly inflated economic performance during former Prime Minister Sheikh Hasina’s regime, in an effort to stamp out corruption that plagued the country for most of the past 15 years. The interim government has asked economist and

Awami League’s Central Industry and Commerce Sub-Committee member Dilip Kumar Agarwala and expelled former president of the Bangladesh Jeweller’s Association (BAJUS) Enamul Haque Khan Dolan together have built a huge empire of gold smuggling using the mask of jewellery

Oil prices jumped Monday after an escalation of hostilities between Israel and the Iranian-backed Lebanese militant group Hezbollah raised fears of a wider conflict in the Middle East. Brent, the global benchmark, rose over three percent to trade at more than $81 per barrel. Stock

Jewellers have inflated the price of gold by Tk1,936 to Tk1,27,942 per bhori (11.664 grams) due to a hike in the price of pure gold in the local market. The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association (BAJUS) made the decision at a

The National Board of Revenue (NBR) has instructed banks to unfreeze the accounts of Abdul Awal Mintoo, a noted businessman and vice-chairman of the Bangladesh Nationalist Party (BNP), along with his spouse and son after keeping the accounts blocked for 17 years. The Central

Jewellers have inflated the price of gold by Tk1,505 to Tk1,26,006 per bhori (11.664 grams) due to a hike in the price of pure gold in the local market. The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association (BAJUS) made the decision at a

The central bank of Bangladesh has appointed Muhammad Badiuzzaman Dider as the administrator of mobile financial service provider Nagad. The Bangladesh Bank (BB) made the announcement through a circular issued on Wednesday (August 21). Muhammad Badiuzzaman, who previously served as

The governor of Bangladesh Bank Ahsan H Mansur said that the board of all banks under the control of S. Alam will be dissolved.  He said that the board of the National Bank was dissolved yesterday. Governor Mansur disclosed the information at a press conference on Wednesday

Jewellers have inflated the price of gold by Tk1,516 to Tk1,24,501 per bhori (11.664 grams) due to a hike in the price of pure gold in the local market. The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association (BAJUS) made the decision at a

The employees of metro rail rejoined work today (Aug 20) after 2 weeks’ abstention. Sources said that the staff from grades 10 to 20 returned to work after the board of Dhaka Mass Transit Company Ltd (DMTCL) last night agreed to their demand for a pay hike. The hopes of metro

Islami Bank Bangladesh PLC, owned by the S Alam Group, has dismissed its eight senior officials from their jobs. The dismissals occurred under pressure following the fall of the Sheikh Hasina-led government. The officials are – Additional Managing Director JQM Habibullah,

Over the past 15 years, the Awami League government has been accused of widespread corruption in Bangladesh's electricity sector, particularly in the name of capacity charges.  These charges, paid to power plants for maintaining readiness to generate electricity even when not

Jewellers have inflated the price of gold by Tk2,904 to Tk1,22,985 per bhori (11.664 grams) due to a hike in the price of pure gold in the local market. The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association (BAJUS) made the decision at a

The Bangladesh Bank has asked all commercial banks in the country to limit daily cash withdrawals to no more than Tk3 lakh per customer until further notice. Citing security reasons, the central bank issued this instruction to the managing directors of the banks through a text message

National Board of Revenue (NBR) has summoned bank accounts details of the Mohammad Saiful Alam alias S Alam, and his family members. The NBR's Income Tax Department has sent letters in this regard to all banks from the Dhaka Tax Zone-15. According to letter, the Tax Zone-15 has

Chief Adviser of the Interim Government Professor Dr Muhammad Yunus today asked the country's garment manufacturers to help rebuild the nation after 15 years of plunder by the dictatorship of Sheikh Hasina. The Chief Adviser said the Interim Government inherited a broken economy