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Sri Lanka prison riot kills 26, wounds 100

2026-07-07 00:00:00

COLOMBO, July 06 (Reuters): Clashes in a Sri Lankan jail killed 26 people, including seven guards, and wounded more than 100 in the country's deadliest prison riot in years, officials said Monday.The clashes began on Sunday between convicted prisoners and...

Mourners call for vengeance on Trump during Khamenei’s funeral procession

2026-07-07 00:00:00

TEHRAN, July 06 (Agencies): Crowds of Iranians marched through the streets of Tehran on Monday in a funeral procession for slain leader Ayatollah Ali Khamenei, the biggest day yet in a week of massive memorial ceremonies demonstrating the grip of...

MERCANTILE BANK ACCELERATES CASHLESS DRIVE WITH BANGLA QR RALLY

2026-07-07 00:00:00

Mercantile Bank PLC on Monday intensified its ongoing nationwide digital payment campaign by hosting an awareness rally in the capital's Motijheel commercial area to fast-track the adoption of Bangla QR transactions. Mati Ul Hasan, Managing Director of the bank, was...

PRIME BANK HOSTS 'EMPOWERING YOUTH SEASON 2.0' AT CU

2026-07-07 00:00:00

Prime Bank PLC, in collaboration with the University of Chittagong and Young Economists' Society (YES), organised "Empowering Youth: Engaging and Inspiring Youth in Banking Season 2.0" under PrimeAcademia - the bank's flagship academia banking initiative. M M Mahbub Hasan, Senior...

SOUTHEAST BANK HOLDS BAMLCO CONFERENCE

2026-07-07 00:00:00

Southeast Bank PLC arranged BAMLCO Conference-2026 with the participation of around 380 officials, including divisional heads, heads of branches, BAMLCOs, in-charges of Uposhakhas and OBUs. Md. Khalid Mahmood Khan, Managing Director and CEO of Southeast Bank attended the event as...

Gold prices edge down _

FE REPORT | 2026-07-07 00:00:00

The Bangladesh Jewellers Association (BAJUS) has reduced the price of 22-carat gold by Tk 3,266 per bhori (11.664 grams) in response to a decline in the domestic price of pure gold.The revised prices, inclusive of VAT, took effect at 12:15pm...

200 high-risk import containers remain untraceable at Ctg Port

NAZIMUDDIN SHYAMOL | 2026-07-07 00:00:00

CHATTOGRAM, July 06: More than 200 imported containers flagged for suspected customs offences remain untraceable at Chittagong Port, raising concerns over the potential risks posed by hazardous chemical consignments.According to official sources, the containers have been locked in the ASYCUDA...

Renaissance unveils ASEAN Weekend Theme Nights at Bahar

2026-07-07 00:00:00

Renaissance Dhaka Gulshan Hotel continues to redefine the city's culinary landscape by introducing immersive themed dining experiences that go beyond a traditional buffet.As one of the capital's leading lifestyle destinations, the hotel consistently curates globally inspired concepts that allow guests...

Entire country to be brought under digitisation soon

FE REPORT | 2026-07-07 00:00:00

Finance Minister Amir Khosru Mahmud Chowdhury said the entire country will be brought under complete digitalisation as soon as possible to deliver banking and financial services to the people's doorsteps, simplify access to services, increase transparency, and save costs and...

Higher raw material import costs put plastic makers in dire straits

FE REPORT | 2026-07-07 00:00:00

The country's plastic goods makers have been bearing the brunt of increased import cost of raw materials due to the recent crisis in the Middle East and energy supply crunch in their factories, they said on Monday.In consequence, their higher...

'LDC Graduation and Trade Competitiveness'

FE REPORT | 2026-07-07 00:00:00

Information and Broadcasting Minister Zahir Uddin Swapan speaks at a workshop titled 'LDC Graduation and Trade Competitiveness' organised by Research and Policy Integration for Development at the Jatiya Press Club in the city on Monday.— Focus Bangla

Edible oil market to come under systemic oversight framework

REZAUL KARIM | 2026-07-07 00:00:00

The government has decided to develop an institutionalised monitoring mechanism for the country's edible oil market in a move to ensure stable supply and prevent market manipulation, sources said.The decision was taken at a review meeting held at the Ministry...

India aims to make it easier to short by nearly doubling stocks eligible for borrowing

2026-07-07 00:00:00

MUMBAI, July 6 (Reuters): India's markets regulator aims to make it easier for investors to short stocks by nearly doubling the number of shares eligible for lending and borrowing and by cutting collateral requirements, two people with direct knowledge of...

BHBFC WINS THE BEST INNOVATIVE INITIATIVE AWARD

2026-07-07 00:00:00

Bangladesh House Building Finance Corporation (BHBFC) has won first prize in the 'E-Governance and Innovative Initiative' competition. The corporation received the award for its innovative project, 'Automating the Document Return Process', in the non-bank financial institution category. Finance Minister Amir...

Labaid opens NEO PAED Zone

2026-07-07 00:00:00

With a commitment to ensuring safer, more advanced, and internationally standardised healthcare services for newborns and children, Labaid Specialized Hospital has officially inaugurated its NEO PAED Zone on Monday. The unit was inaugurated by Dr. A. M. Shamim, Founder and...

Govt working to regain top spot in global ship recycling, says minister

OUR CORRESPONDENT | 2026-07-07 00:00:00

CHATTOGRAM, July 06: The government is working to restore Bangladesh's position as the world's leading ship recycling nation by promoting environmentally compliant ship recycling yards and addressing the policy and operational challenges facing the industry, Industries Minister Khandaker Abul Moktadir...

CITIZENS BANK CELEBRATES 4TH ANNIVERSARY

2026-07-07 00:00:00

Citizens Bank celebrated the 4th anniversary of its commencement of commercial operations recently. The celebration was graced by Chowdhury Mohammed Hanif Shoeb, chairman of the bank, along with Masuduzzaman, chairman of the executive committee, and AK M Shahidul Haque, independent...

MTB, JIBAN BIMA CORPORATION INK DEAL FOR CASH MANAGEMENT SERVICES

2026-07-07 00:00:00

Mutual Trust Bank (MTB) and Jiban Bima Corporation have recently signed an agreement for cash management services at a ceremony at Six Seasons Hotel, Gulshan-2, Dhaka. Under this agreement, Jiban Bima Corporation will utilise MTB's integrated API-driven cash management services...

Zahidul Haque appointed DMD of National Bank

2026-07-07 00:00:00

Zahidul Haque joined National Bank as deputy managing director (DMD) on July 2, according to a press statement.Before joining National Bank, Mr. Haque served as senior executive vice president & chief information and technology officer (CITO) at Eastern Bank, where...

BRAC Bank recognises 25 most impactful institutions

2026-07-07 00:00:00

BRAC Bank has marked its 25th anniversary with a landmark initiative to recognise the 25 Most Impactful Institutions in Bangladesh, celebrating organisations whose contributions have transformed lives, strengthened communities, and advanced socioeconomic progress.Widely regarded as a first-of-its-kind corporate recognition initiative...

Embattled Uttara Finance discloses years of losses after BB intervention

FE REPORT | 2026-07-07 00:00:00

Distressed non-bank financial institution Uttara Finance and Investments Limited revised down its financial results of 2019 from a profit of Tk 1.18 billion to a loss of Tk 3.1 billion, revealing its true status on orders from the central bank.The...

Apex, bKash jointly offer gifts, discounts

2026-07-07 00:00:00

Apex and bKash have jointly taken various initiatives to make shopping at the stores of the footwear and lifestyle brand more rewarding using the mobile financial service, according to a press release.In this regard, an agreement was signed recently at...

T-bond turnover falls 38pc on DSE as interbank platform dominates

BABUL BARMAN | 2026-07-07 00:00:00

Secondary trading of Treasury bonds on the Dhaka Stock Exchange (DSE) remains subdued despite the rapid expansion of the bond market as a parallel interbank trading platform continues to keep institutional investors away from the bourse.T-bond trading on the prime...

River erosion keeps ravaging houses, farmlands in Manikganj, Gaibandha

OUR CORRESPONDENTS | 2026-07-07 00:00:00

Unremitting soil erosion by the Jamuna River has triggered panic among the local residents in Manikganj's Daulatpur upazila with its widespread devastation in the past few days while erosion onslaughts have taken an alarming turn in Gaibandha district with the...

Indus precedent, Ganges reality

Simon Mohsin | 2026-07-07 00:00:00

For over sixty years, the Indus Waters Treaty (IWT) has symbolised international cooperation. Signed in 1960 with the World Bank’s mediation, it endured wars, military crises, and diplomatic breakdowns between India and Pakistan. In a world often marked by conflict,...

Illegal sand extraction threatens the Padma

2026-07-07 00:00:00

Uncontrolled sand extraction is taking place at several points along the Padma River in Daulatpur and Bheramara upazilas of Kushtia, posing a serious threat to the environment as well as to the lives and livelihoods of local people. The indiscriminate...

Questionable exit policy for loan defaulters

2026-07-07 00:00:00

Bangladesh Bank has decided to facilitate borrowers with bad loans through an exit facility. Accordingly, it has decided that the applied and unapplied interest on those loans may be waived in accordance with Bangladesh Bank's guidelines. At a first glance,...

Education system should be humane

Syed Fattahul Alim | 2026-07-07 00:00:00

What a recent report based on the inspection titled, ‘Foundational Literacy and Numeracy of all Primary School Students in Dhaka and Narayanganj Districts’ conducted under the primary and mass education ministry showed about the basic knowledge acquired by primary schoolchildren...

External financing crucial to power green transition

Mir Mostafizur Rahaman | 2026-07-07 00:00:00

The global transition to clean energy is often presented as an environmental imperative. For climate-vulnerable countries such as Bangladesh, however, it is something far more fundamental: an economic necessity, a development strategy and, increasingly, a matter of national security. Yet...

SOEs issue SOS calls

2026-07-07 00:00:00

At a time when banking scam and money laundering were making screaming headlines, the debt incurred by state-owned enterprises (SOEs) was relegated to the back burner. Now the Finance Division under the Ministry of Finance has identified 19 of the...