BAB seeks regular consultation on reforms
Hailing the ongoing reform process for stabilising the financial sector, shareholders of the country's commercial banks sought regular consultation with them before bringing any reforms to ensure effective implementation of the possible change in policies.They also suggested that the Bangladesh Bank (BB) high-ups bring changes in the ongoing NPL (non-performing...
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Current five-year plan as dev blueprint suspended
A major policy shift comes in Bangladesh's development paradigm as the interim government suspended the ongoing 8th five-year plan (FYP) to prioritise human-resource development to end reliance on foreign hands. The government is also going to empower the ministries to approve projects ensuring priority needs and checking misuse of funds,...
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Bank accounts of Orion Group chief, family members frozen
Bank accounts of Orion Group chairman Obaidul Karim and his five family members and associates have been frozen amid the ongoing crackdown on financial offences launched by the interim government.Bangladesh Financial Intelligence Unit (BFIU) names the total six members of the conglomerate in its directive for impounding their bank accounts...
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Key global suppliers cease fertiliser shipments to BD
Major fertiliser suppliers across the world have stopped their shipments to Bangladesh and canceled scheduled consignments due to the non-payment of outstanding import bills in time, according to sources.The government owes the suppliers of China, Saudi Arabia, Canada and Morocco a sum total of $80 million in bills, including shipping...
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Germany, Italy, UK, US set fast recovery instances
Some proven easy means of repatriating laundered money have been shown by some western countries that experts find as the fastest and less-expensive way Bangladesh can follow in its current crackdown.The United Kingdom, the United States, Germany and Italy are among the countries that tell the tales of success in...
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Prayer Timings (2024-09-19)
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