Dozens of auditors, firms under scanners over cooking books
A host of audit firms and auditors are under the scanner of government investigation agencies over alleged irregularities in audited financials of business tycoons implicated in the major banking-sector scams during the previous regime.According to official sources, chartered accountants (CAs) and audit firms that audited 15 banks and several large...
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SoEs commit, MNCs to seek board approvals
Ten state-owned enterprises (SoEs) and multinational companies (MNCs) have agreed in principle to offload a portion of their shares on the stock market, following board-level approvals or renewed commitment to seeking them.The move is part of the government's broader effort to deepen the capital market and rebuild investor confidence by...
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Forex reserves to stay over $32b even after ACU payments
Bangladesh's treasury won't feel dollar stress even after settling import- payment obligations to the Asian Clearing Union (ACU) member- countries as gross foreign-exchange reserves are yet expected to stay over US$32 billion.The latest payment of $1.5 billion is scheduled to be remitted to the ACU headquarters in Tehran today (Thursday),...
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Cold wave likely for 5 more days
A cold wave is sweeping across four divisions and 12 districts of the country, according to the Bangladesh Meteorological Department (BMD).The BMD's weather forecast said on Wednesday that the weather for the next five days across the country may remain dry with temporarily partly cloudy skies from Wednesday to Sunday....
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Aviation prospects abound, but fleet proportionately undersized
Bangladesh's state-run airline feels incapacitated to increase flight frequencies and fly to potentially profitable new international destinations, belying rising passenger demand and revenue growth, sources say. Biman Bangladesh Airlines is caught in such a paradox because the national airline has received no response from international lessors despite issuing tenders multiple...
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