BB asks banks to bring down directors from same family to 3
Staff Correspondent: Bangladesh Bank (BB) has asked banks to bring down the number of directors from the same family to three.The Bank Company (Amendment) Act 2023, which was passed in parliament recently, specified that the number…
Read More »Adani Group offers to export another1,600 MW power to Bangladesh
Staff Correspondent: India’s Adani Group has placed a fresh proposal to export another 1,600 MW of electricity to Bangladesh, a source in the power division told the news agency recently.“The entire amount of electricity will be…
Read More »Suicidal power purchase deal may be ruined PDB
Mahfuja Mukul: Three major gas based power plants are scheduled to be commissioned this year in the country. Summit Power, Unique and Reliance Group are constructing the plants with a capacity of about 2,000 MW. Bangladesh…
Read More »Bangladesh exports Tk 4790cr fish in ‘22
Zarif Mahmud: Despite the financial recession in the world market, the country’s income from exporting 69.88 thousand metric tons of fish and fish products in the financial year 2022-23 has been Tk 4,790.33 crore. According to…
Read More »Cabinet Secy urges for careful project scrutiny
Staff Correspondent: No instructions regarding the election or field administration were issued in the meeting, says Cabinet Secretary Md Mahbub Hossain has advised secretaries and project directors to be more careful in project selection and financing…
Read More »Tk 148 cr smuggled to Dubai under guise of garment export
Ayub Ali, Chittagong: Exporting companies are laundering money under the guise of exporting ready-made garments. The Directorate of Customs Intelligence and Investigation has found the truth of such smuggling of Tk 148 crore in the last…
Read More »Forex reserves dipping with new IMF formula
Staff Correspondent: The country’s forex reserves slipped further amid the implementation of the International Monetary Fund’s (IMF) balance of payments and investment position manual.On July 19, the gross international reserves (GIR) fell to $23.45 billion, central…
Read More »Bangladesh in risk of AI freelancing
Syed Nasir Hossain: BD Multitech is a Bangladeshi company doing freelancing for four companies in Canada, UK, Hong Kong and Slovakia. Artificial intelligence (AI) is a boon for the indigenous organization. AI technology has made many…
Read More »Record in rice production buffer stock but price high
Mahfuz Emran: There has been a bumper production of rice in the country in the last few seasons. In the last (2022-23) financial year, rice production crossed the all-time record. Government warehouses also have record amount…
Read More »Japan vows support to BD in becoming high income country
Staff Correspondent: Visiting Japan’s Minister for Economy, Trade and Industry (METI) Nishimura Yasutoshi yesterday vowed that Tokyo would extend its full cooperation to Bangladesh in her endeavor to become a high income country by 2041.He made…
Read More »Islami Bank officials sucked Tk 1.33 cr from a deceased customers’ account
Staff Correspondent: Mohammad Saeed, a customer of Islami Bank’s Kakrail branch, died on January 2, 2020. At that time, his bank deposits were Tk 1 crore 33 lakh 73 thousand 835. After eight months of Saeed’s…
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