Over half of Islami Bank's outstanding loans went to S Alam Group in insider lending after the fast-acquisitive conglomerate took over its ownership, imperilling its liquidity situation. Newly appointed chairman of Islami Bank Bangladesh PLC Obayed Ullah Al Masud came up Thursday with such disclosure, now that the largest private-sector...
Read moreAll business concerns of Salman's Beximco Group and their property look poised for ownership change as the High Court Thursday issued rule asking why a receiver of the conglomerate shouldn't be appointed.In the rule the High Court asks government bodies concerned to explain why they should not be directed to...
Read moreIn a change of fortune now, 197 global leaders, including 92 Nobel laureates, wished Chief Adviser of the Interim Government of Bangladesh Muhammad Yunus and the people "peace and success in the months and years ahead".Such a big galaxy of global celebrities had stood by Prof Yunus, also a Nobel...
Read moreThe Anti-Discrimination Student Movement on Thursday staged 'Shahidi March' to mark the fall of the Awami League government and to honour those killed in the July-August protests. The march, which began at 3:30 PM from the Anti-Terror Raju Memorial Sculpture at Dhaka University, drew participants from various professions, alongside students...
Read moreA latest spate in labour unrest in Bangladesh's readymade garment factories prompted global apparel brands to shift work orders to neighbouring India.The unrest follows Sheikh Hasina government's fall in a student movement.Factory owners and labour leaders allege that the unrest, apparently created at the instigation of outsiders, has forced hundreds...
Read moreAll the election commissioners, led by Chief Election Commissioner (CEC) Kazi Habibul Awal, have resigned en masse amid massive protests against their involvement in conducting rigged elections.They announced their resignation at a press briefing in the capital on Thursday.The President accepted resignation of the Election Commission (EC) members, said a...
Read moreThe Advisory Council, in its meeting on Thursday, decided to form a commission to review the short-term demands of workers in all sectors.Representatives from the owners will also be included, Adviser Asif Mahmud stated during a briefing in the evening. "This committee will not review long-term demands such as wages...
Read moreBangladesh has lodged a strong protest against the killing of Bangladeshi girl Swarna Das by the Border Security Force (BSF) of India.The 13-year-old of Juri upazila in Moulvibazar district was shot dead on the border on 01 September 2024.Bangladesh's foreign ministry sent a formal protest note to the Indian High...
Read moreThe National Board of Revenue (NBR) has reduced import duties on onion, potato and pesticides to rein in prices of the commodities in the local market.The waiver on onion and potato would continue until November 30, 2024, said a statement on Thursday.The customs wing has issued three separate gazette notifications...
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