Saturday 26 April 2025
           
Saturday 26 April 2025
       
Business
Investors concern over continued downturn in stock market
The persistent downturn in Bangladesh’s stock market has deepened anxiety among investors, stakeholders, and market observers, with many fearing that the market is heading toward yet another prolonged crisis. The main index of the Dhaka Stock Exchange (DSE), the DSEX, has been witnessing more declines than gains for several months, and the latest data from ...more
8 E-commerce cos allegdly launder Tk7 b
In a disturbing revelation, eight e-commerce companies in Bangladesh have been found to have laundered approximately Tk 7 billion under the guise of online retail operations. This fraud has raised serious concerns, as the fraudulent activities of these companies are leaving consumers vulnerable and eroding trust in the digital marketplace.According to a special report by ...more
Islami bank  at high risk
The country’s once leading Islami bank in the private sector is now going through a recession. Those concerned believe that the bank has come to this situation today due to the inefficiency of the board of directors and management. Even a year ago, Islami Bank was one of the models of the country’s banking sector ...more
Yield on govt bonds surges as banks bring back
The yield on five-year Bangladesh Government Treasury Bonds (BGTBs) jumped significantly on Tuesday, reflecting banks’ growing reluctance to invest in government securities.According to auction results from the Bangladesh Bank, the cut-off yield on the five-year BGTBs rose to 12.39 per cent, up from 11.48 per cent in the previous auction. The government raised Tk 35 ...more
‘Islamic banks to be merged into two major banks’
In a major shift aimed at reforming the banking sector, Bangladesh Bank Governor Dr. Ahsan H. Mansur announced that the country’s Islamic banks would be merged into two large institutions. This consolidation effort is part of a broader plan to overhaul the banking system, improve efficiency, and address the ongoing challenges faced by smaller and ...more
2.98 lakh unregistered e-commerce cos transact over Tk 50,000 cr
Currently, the number of e-commerce and f-commerce companies in the country is more than three lakh. However, out of which only 1,496 are registered. The remaining 298,000 companies are not registered. These unregistered companies are ordering and delivering millions of products every day. In return, the government is not getting any revenue.Unregistered institutions are illegally ...more
Govt plans third-party  takeover of weak banks
The interim government is preparing to introduce a new ordinance to facilitate the transfer of weak banks to third parties. Under the proposed ‘Bank Resolution Ordinance 2025,’ crisis-ridden banks will initially be managed through a ‘bridge bank.’ If their financial condition does not improve, they may be sold, transferred, or liquidated. This initiative is being ...more
Option to legalise black money to be remained in next budget
The budget preparation for the upcoming fiscal year 2025-26 has begun. It will be presented in June. Almost every year, there is severe criticism about the opportunity to whiten black money before the budget is announced. Economists, tax experts and ordinary taxpayers call it immoral and discriminatory. Despite this, almost every year when the budget ...more
Revenue deficit hits over  Tk 58,000 cr in 8-month
The National Board of Revenue (NBR) has reported a revenue deficit of over Tk 58,000 crore, falling short of its target for the first eight months (July-February) of the current 2024-25 fiscal year. The revenue growth stands at a mere 1.76%, significantly below expectations.The deficit, which was about Tk 58,000 crore by December, has remained ...more
Sonali Life sees 62% growth in claims payments in early 2025
Sonali Life Insurance Company has achieved remarkable growth in its insurance claims payments, with a 62% increase in the first two months of 2025 compared to the same period in 2024. The company disbursed a total of Tk 63 crore in insurance claims during January and February this year, a significant rise from Tk 39 ...more
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