Government secretaries ought to reform their traditional mindset and work with ingenuity in running the administration, says Chief Adviser Muhammad Yunus while arming a new-look bureaucracy with directions to 'rebuild' Bangladesh. "Consultation must be held and opinions should be taken from the stakeholders, if necessary, to formulate the reform programmes,"...
Read moreNo more central-bank liquidity support to weak banks by printing money rather temporary assistance will be facilitated through the interbank money market, with the regulator acting as guarantor.Bangladesh Bank's new Governor, Dr Ahsan H. Mansur, reaffirmed the stance while spelling out a bailout plan for the banking sector in a...
Read moreBangabandhu Satellite-01 is a white elephant of the country as it is one of the economically unfeasible schemes executed by the Sheikh Hasina government, according to insiders.Most of the bands of the satellite remained unutilised and revenue earnings were so poor compared to a staggering investment, they said on Wednesday.The...
Read moreToday marks one month since the fall of the Sheikh Hasina regime, and the Anti-discrimination Student Movement has announced a nationwide event titled "Shaheedi March" to honour the martyrs of the uprising, reports UNB.The central march will begin at 3 pm on Thursday from the base of the Raju Memorial...
Read moreA self-imposed patriarch in banking made normal operations of the private-sector banks in Bangladesh difficult during ousted prime minister Sheikh Hasina's rule through excesses like forced donation and money-market distortions, bankers say.Bankers say Nazrul Islam Mazumder's reign was marked by myriad allegations of power abuse since 2009.He had allegedly forced...
Read moreBGMEA said all garment factories across the country would remain open today (Thursday) as law-enforcing agencies would provide the required security in different industrial zones amid the joint forces' drive beginning from Wednesday night.A total of 167 readymade garment factories in various industrial belts -- 49 factories located in Zirabo...
Read moreThe Bangladesh Bank (BB) has dissolved the board of IFIC Bank, led by controversial industrialist Salman F Rahman, and reconstituted a six-member board to run it.It restructured the board on Wednesday with a view to protecting the interests of the bank and its depositors across the country.The new board comprises...
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