Shariah-based Union Bank yesterday sacked 262 of its staff, with some of its officials alleging that their appointments were based on directives of Mohammed Saiful Alam alias S Alam bypassing due procedures.

The Bangladesh Securities and Exchange Commission (BSEC) has sought detailed information, including portfolio statements, of 117 beneficiary owner (BO) accounts with which the owners of Beximco Ltd are allegedly involved.

Five scheduled banks have received the nod from the Bangladesh Securities and Exchange Commission (BSEC) to raise a total of Tk 2,000 crore to strengthen their capital base by issuing bonds.

Moody’s downgrade of Bangladesh’s economic outlook from stable to negative is expected to have limited immediate impact on the economy, but may affect international trade for banks, leading to higher costs for letters of credit (LCs) and more stringent reviews of private sector credit, experts stated.

Bangladesh is losing $355 million in tax annually because of outward profit shifting by the corporates, particularly multinational firms, and abuses by individuals who have wealth, especially in tax havens.

India’s Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron’s only iPhone plant in India, forming a new joint venture that strengthens Tata’s position as an Apple supplier, two sources told Reuters.

The government has permitted the import of 18.80 crore eggs through 42 designated firms to boost supply of the key source of protein in the local market and help contain rising prices.

The new shipping route directly linking Karachi and Chattogram has opened new horizons for Bangladesh’s foreign trade, Chittagong Port Authority (CPA) Chairman Rear Admiral SM Moniruzzaman said yesterday.

The US will urge a judge to make Google-parent company Alphabet sell its widely used Chrome browser in a major antitrust crackdown on the internet giant, according to a media report Monday.

The interim government’s decision to repeal the Cyber Security Act (CSA) of 2023 signals a commendable commitment to civil liberties but raises critical concerns about the country’s readiness to combat escalating cyber threats. Bangladesh now faces the dual challenge of protecting individual freedoms while ensuring robust defences against cybercrimes like hacking, cyberterrorism and data breaches.

Britain and India will resume stalled talks to agree a free-trade deal, the two countries said after their leaders met at the G20 summit in Brazil.

Chittagong Port Authority (CPA) is preparing to float an open tender to appoint a temporary operator for New Mooring Container Terminal (NCT) of the Chattogram port until a foreign one is entrusted with the role.

Young entrepreneurs in the pipe and tube-well industry of Bangladesh have urged the interim government to address bottlenecks that are hindering their investments and operations..They made this plea at a “views exchange for facilitating business among youths”, organised by the Bangladesh P

Consumers in Dhaka can purchase up to 3 kilogrammes (kg) of potatoes at Tk 40 per kg through 50 trucks deployed across the city

GPH Ispat’s revenue increased by 5 percent year-on-year to Tk 1,135.70 crore. 

The adviser made these remarks today during a press conference at the Secretariat in Dhaka

A top official, requesting anonymity, said that the new board of the bank uncovered irregularities in loan disbursement at 24 branches and found evidence linking the 194 officials to these loan scams.

Boeing intends to cut almost 2,200 jobs in the US state of Washington, which is home to many of its oldest factories, according to a statement released Monday.

Can the bromance between the world's wealthiest man and the soon-to-be US president survive some major policy differences and their own combustible personalities?

It gained 3.19 points to reach 5303.25.