The monetary policy statement (MPS), announced Wednesday by the country's central bank for the second half (H2) of the current financial year, maintained a 'cautious' monetary policy stance with slight downward revision of the private sector credit growth target and notable increase in the same for the public sector ....
Read morePrime Minister Sheikh Hasina assured that the opposition will be able to make enough criticisms of the government as no obstacle will be created to this end, reports UNB.She said criticism is important in a democratic process."I can at least give assurance that our opposition parties will be able to...
Read moreCustoms intelligence has detected diversion of Tk 9.19 billion through trade-based money laundering by three local companies, revenue board chief said on Wednesday.Crescent Leather Products Ltd siphoned off Tk 4.22 billion, Remex Footwear Ltd Tk 4.81 billion and Crescent Tanneries Ltd Tk 158 million, he disclosed.On the allegations, the Customs...
Read moreThe rate of conviction in graft cases lodged by the Anti-Corruption Commission (ACC) dropped in 2018 after a steady rise in the previous three years. The punishment rate was 60.64 per cent last year, down from 67.93 per cent in 2017. It was 54.20 per cent in 2016 and 37...
Read moreThe Bangladesh Bank is scheduled to file a case with a US court early this morning (BST) over a $101-million heist from its funds with Federal Reserve Bank of New York.The case will be lodged against the Manila-based Rizal Commercial Banking Corporation (RCBC) and other beneficiaries from the cyber theft.Abu...
Read moreFarmers Bank now Padma BankDogged by irregularities, the Farmers Bank has been rechristened as Padma Bank in a desperate makeover after the Bangladesh Bank endorsed a proposal. The board of directors of the bank, which is reeling under allegations of irregularities and loan scams, recently sent the proposal to the...
Read more© 2024 - All Rights with The Financial Express
