Banks, NBFIs report sharp rise in green, sustainable finance

Banks and non-bank financial institutions (NBFIs) report a strong rebound in both green and sustainable finance during January-March 2025, reflecting renewed institutional focus on climate and sustainability-focused lending.The latest figures show year-on-year (YoY) growth across both green and sustainable finances...

Private co allowed to import 1.0m tonnes of sugar, lentil

The government has allowed Sincos Automation Technologies Limited, a private company, to import 1.0 million tonnes of sugar and lentils for sale under the state-run Trading Corporation of Bangladesh's (TCB) sales drive.The Ministry of Commerce (MoC) recently granted approval through...

ECNEC okays 11 development projects worth Tk 78.55b

The Executive Committee of the National Economic Council (ECNEC) on Sunday approved 11 development projects involving a total cost of Tk 78.55 billion.The projects include five new initiatives, three revised projects and tenure extension of three ongoing projects without additional...

NBR orders same-day transfer from Ctg port

CHATTOGRAM, Aug 17: The National Board of Revenue (NBR) has directed that containers destined for Inland Container Depots (ICDs) must be moved from Chattogram port on the same day they are unloaded from vessels. If a full consignment cannot be...

Prayer Timings (2025-08-18)

A number of areas in Dhaka go under water following a heavy shower of rain

A number of areas in Dhaka go under water following a heavy shower of rain on Sunday morning. The photo was taken in the Mirpur area. — FE Photo

Dhaka Bank MD quits

Sheikh Mohammad Maroof, Managing Director of Dhaka Bank PLC, has tendered his resignation, citing personal reasons."Yes, I have resigned. There was no issue. I took the decision on personal grounds. I will take some time off," Mr. Maroof told The...

Govt to hold 3 int'l events on Rohingya issues

The interim government will organise three high-level conferences on the Rohingya issues from August to December.National Security Adviser Khalilur Rahman briefed foreign diplomats and international development partners about these conferences at the Foreign Service Academy on Sunday.These events will be...

BB asks finance cos to give accurate liquidity info

Bangladesh Bank (BB) has asked finance companies (formerly non-bank financial institutions or NBFIs) to submit their actual liquidity positions after detecting inconsistencies in earlier statements.The banks must provide the updated data using the new template issued with the circular. The...

Commercial Court system to exclusively try biz cases: CJ

A separate commercial court system aligning with Bangladesh's economic realities and the evolving needs of the judiciary will be established to exclusively settle business disputes and loan-recovery cases. Chief Justice Dr Syed Refaat Ahmed made the announcement Sunday at the...

Assets worth Tk 400b in laundered money unearthed abroad

Revenue intelligence has tracked down nearly Tk 400 billion worth of assets amassed in different countries around the world through money laundering from Bangladesh.National Board of Revenue Central Intelligence Cell (CIC) Director-General Ahsan Habib apprised Chief Adviser of the interim...

Multimodal hub integrating rail, road, Ctg seaport in sight

A multimodal logistics hub integrating railway, road, and Chittagong seaport facilities will be developed near the Bay Terminal to boost Bangladesh's trade-facilitating efficiency, as efforts are geared towards US$100-billion annual export earnings.To this end, the World Bank-financed Bay Terminal Breakwater...

Modi's tax overhaul to strain finances

NEW DELHI, Aug 17 (Reuters): Indian Prime Minister Narendra Modi's deepest tax cuts in eight years will strain government revenues but are winning praise from businesses and political pundits who say they will bolster his image in an ongoing trade...

Oman's bank credit expands 8.4pc as listed firms post 14pc profit rise

RIYADH, Aug 17 (Arab News): Oman's banking sector continued its steady expansion in the first half of 2025, with total credit rising 8.4 per cent year on year to 34.1 billion Omani rials ($88.7 billion), official data showed.According to the...

Takaful Ins holds 25th AGM

The 25th Annual General Meeting (AGM) of Takaful Islami Insurance PLC was held on a digital platform on Saturday. Chairman of the company Tahmina Afroz presided over the meeting. The AGM unanimously approved a 10 per cent cash dividend for...

SHAHJALAL ISLAMI BANK HOLDS 901ST EC MEETING

The 901st meeting of the Executive Committee (EC) of Shahjalal Islami Bank PLC (SJIB PLC) was held at the Corporate Head Office of the bank recently. The meeting was presided over by Akkas Uddin Mollah, Chairman of the Executive Committee....

BRAC BANK DISTRIBUTES INSTANT LOANS TO MARGINAL FARMERS

BRAC Bank has extended instant loan facilities to marginal farmers in Nilphamari under the refinancing scheme for Tk 10/50/100 account holders, managed by the Financial Inclusion Department (FID) of Bangladesh Bank. Organised with Rajshahi Krishi Unnayan Bank (RAKUB) as the...

MERCANTILE BANK SIGNS AGREEMENT WITH IFAD MOTORS

Mercantile Bank PLC has signed an agreement with IFAD Motors Ltd at the bank's Head Office in Dhaka on Sunday. Dr. Md. Zahid Hossain, DMD & CBO of the bank, and Muidur Rahman Tanvir, Head of Business of IFAD Motors,...

BANK ASIA RECOGNISES TOP PERFORMERS OF SILVER JUBILEE SALES CAMPAIGN

Bank Asia PLC honoured its employees for their exceptional achievements in the Silver Jubilee Sales Campaign at an award ceremony held at the Bank Asia Tower in Dhaka recently. The campaign was designed to boost retail CASA deposits, onboard new...

Anwar Landmark hands over 'Lake Serene'

For months, families would stroll past the quiet curve of Dhanmondi Lake, watching Lake Serene rise floor by floor -- each visit a mix of curiosity, hope, and anticipation. On Saturday, those hopes turned into house keys as Anwar Landmark...

Rising rice prices push food inflation higher in BD

Rice prices in Bangladesh continue to exert significant pressure on food inflation as well as overall inflation, according to the latest economic update by the General Economics Division (GED) of the Planning Commission of the Planning Ministry, reports UNB.The contribution...

Stocks gain for second day -

Stocks extended its gaining streak for a second consecutive session on Sunday, buoyed by a rebound in investor sentiment.Investors renewed their buying appetite, especially for banking and textile stocks, amid optimism ahead of the earnings season, market analysts said. The...

MTB named 'Best Bank for Diversity and Inclusion'

Mutual Trust Bank PLC (MTB) has been named 'Bangladesh's Best Bank for Diversity and Inclusion' by Euromoney for a fourth consecutive year, reaffirming its holistic and forward-thinking approach to building a more equitable workplace and community.In 2024, MTB launched the...

Mutual Fund investors face another dry year amid market slump

Mutual fund investors are in a tight spot yet again as most closed-end mutual funds failed to declare dividends for the financial year that ended in June 2025 due to depressed market conditions and higher provisioning against unrealised losses.Fund managers...

Unguarded level crossings posing high risks of accidents

COX'S BAZAR, Aug 17: Some 56 out of 72 level crossings from Chattogram's Dohazari to Cox's Bazar railway line lacks either gates (barriers) or gatemen, and in some cases both, which leaves the crossings highly accident-prone.According to the railway police,...

Second Teesta Bridge protection dam collapses triggering erosion threat

RANGPUR, Aug 17: A significant portion of the bridge protection embankment on the western side the second Teesta Bridge at Mahipur in Lakkhitari union of Gangachara upazila under Rangpur district has collapsed, triggering risk of erosion for different adjoining villages....

Citizens Bank Organises Training on Operations Guidelines on BACH & BEFTN

Citizens Bank organised a day-long Training on Operations Guidelines on BACH & BEFTN at its Training Academy recently. Md. Abdul Latif, Deputy Managing Director of the bank, inaugurated the programme. Mr. Mohammad Shafiqul Imdad, Additional Director, Payment Systems Department (PSD),...

PRIME BANK HOSTS SEMINAR ON YOUTH EMPOWERMENT AT AIUB

Prime Bank PLC., in collaboration with American International University-Bangladesh (AIUB) and its AIUB Business Club, organised a high-impact seminar titled "Financial Inclusion: Engaging & Inspiring Youth in Banking" at the university campus. The seminar attracted over two hundred students from...

BAFEDA's five-day workshop begins at IBTRA

A five-day training programme titled 'Certification Course on Treasury Dealings' organised by the Bangladesh Foreign Exchange Dealers' Association (BAFEDA) began at the Islami Bank Training and Research Academy (IBTRA) on Sunday. Md. Omar Faruk Khan, Managing Director of Islami Bank...

Int'l flights from Cox's Bazar to start by mid-Oct: CAAB chairman

COX'S BAZAR, Aug 17 (BSS): Air Vice-Marshal Md Mostafa Mahmud Siddiq, chairman of the Civil Aviation Authority of Bangladesh (CAAB), on Sunday hoped that international flights from Cox's Bazar Airport will begin partially by mid-October this year."Today, we inspected the...