Corporate

Industry Desk: The Anti-Corruption Commission questioned five employees of FAS Finance, including one of its former managing directors, in connection with allegations of fugitive Prashant Kumar (PK) Halder, former managing director of International Leasing and Financial Services Limited (ILFSL), laundering several thousand crores of takas. A team led by ACC…

International Desk: In a bid to protect the most vulnerable people and help companies maintain operations and jobs, International Finance Corporation (IFC)’s focused and sustained investments in South Asia continued to have strong impact in the fiscal year 2021.The investments support medical facilities, vaccines and supplies, and hard-hit micro, small,…

Industry Desk: Some12 FAS Finance officials were quizzed by the Anti-Corruption Commission (ACC) about the purported fraud committed by Prashant Kumar (PK) Haldar, former managing director of International Leasing and Financial Services Limited (ILFSL), who fled abroad, charged with smuggling several thousand crores of taka.ACC sources confirmed that a team…

Staff Correspondent: People can now take loans up to 80 per cent of their investment in the stock market if the benchmark index crosses past 7,000 points and stays in between 8,000.Earlier, investors were allowed to take a loan of Tk 80 against investment of Tk 100 if the benchmark…

Industry Desk: With apparel export earnings of $15.91 billion, Bangladesh reclaimed its second position as RMG products exporters from Vietnam during the January-June period of 2021.In 2020, Bangladesh lost its second position in terms of clothing export in the global markets to Vietnam as per the data of World Trade…

BGMEA President discusses overall situation in RMG sector with Monnujan Staff Correspondent:President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Faruque Hassan has thanked the government for providing crucial support to the RMG industry during the difficult time of Covid pandemic that helped the sector “survive and make a…

Staff Correspondent:The government has relaxed Covid-19 strict lockdown after 19 days as offices, factories and public transports resume from yesterday. With the resumption of offices and public transports, the capital Dhaka has returned to its original form.Visiting different areas of the Capital on Wednesday morning our correspondent reported that traffic…

Staff Correspondent: The Anti-Corruption Commission (ACC) has summoned 34 people, including 30 top officials of FAS Finance, to investigate their alleged involvement in money laundering in connivance with fugitive Prashant Kumar (PK) Halder. PK Halder, former managing director of International Leasing and Financial Services Limited (ILFSL), has been accused of…

Staff Correspondent:The Commerce Ministry has recently completed its task of formulating a set of Standard Operating Procedures for the e-commerce industry.Yet the muted response to the SOPs reflect the significantly deeper concerns surrounding the industry, that have come to light recently in the form of troubling revelations about some of…