Monday, 10 Mar, 2025

Business

Probe body over BB reserve heist

DHAKA: A three-member committee, led by former BB Governor Faras Uddin has been formed to investigate the theft of money from Bangladesh Bank account in US Federal Bank.Finance Minister Abul Maal Abdul Muhith disclosed the matter while talking to reporters at his office on Tuesday (March

Asia markets down as Japan holds rates

DHAKA: Markets in Asia were trading in negative territory after Japan’s central bank left its monetary policy unchanged and gave a slightly less positive outlook for the economy.Investor sentiment was also hurt by oil prices, which fell by nearly 3% after Iran put off plans to join

Fazle Kabir to be new BB Governor

DHAKA: Finance minister Abul Maal Abdul Muhith said that former finance secretary Fazle Kabir will be appointed as new governor of Bangladesh Bank (BB).He revealed the information at secretariat in city while talking to reporters on Tuesday (March 15).Sources said Fazle Kabir is

M Abul Kashem interim BB governor

DHAKA: M Abul Kashem will discharge duty as interim governor of Bangladesh Bank (BB) following the resignation of Dr Atiur Rahman as governor amid criticism over the bank’s reserve heist from US Federal Bank.Prime Minister’s Office (PMO) press wing sources confirmed the matter to

Bangladesh money recovery uncertain

DHAKA: Teofisto Guingona, head of the Philippine Senate's anti-corruption committee, said that because casinos are not covered by the country's anti-money laundering laws it was not clear if the stolen money from the Bangladesh central bank's account at the New York Fed could be

Dr Atiur quits as BB Governor

DHAKA: Dr Atiur Rahman has submitted resignation as Bangladesh Bank (BB) Governor amid criticism over heist from reserve account in US Federal Bank. A reliable source in Prime Minister’s office confirmed the matter adding, Dr Atiur has submitted resignation to PM on Tuesday.Bank robbers

Stocks witnessing gain

DHAKA: Trading on the country’s two bourses is underway showing gain in share-price indices on Tuesday, the third trading day of the week.DSEX, the key index of Dhaka Stock Exchange, rose over 19.64 points to stand at 4487.25 at 11:38 am.Trade deals stood at 31047 with transaction at Tk

Westin goes dark to shine light on climate change

DHAKA: The Westin Dhaka goes dark to shine the light on climate change with Earth Hour 2016. The hotel will join millions around the world in turning off lights for one hour on March 19 at 8:30 pm (local time) to illuminate a powerful message about environmental awareness and action. The

Power from India, Bandwidth to India Mar 23

DHAKA: In further boost to bilateral ties, Bangladesh will get supply of 100 MW power from India and Bangladesh will start export of internet bandwidth to India from March 23. Bangladesh Prime Minister Sheikh Hasina and her Indian counterpart Narendra Modi would jointly launch them on the

Muhith’s press meet over BB heist Tuesday

DHAKA: Finance minister Abul Maal Abdul Muhith will address a press conference over the Bangladesh Bank reserve money heist on Tuesday (March 14).The conference will be held at 11:00am on the day.The minister’s personal secretary SM Zakaria Haque confirmed the matter to

Stocks end lower Monday

DHAKA: Country's stock market marked fall in its price indices on Monday, the second trading day of the week.DSEX, the key index of Dhaka Stock Exchange, shed over 12.56 points only to stand at 4467.61 at the close of day’s trading. Trade deals stood at 90874 with volume of transactions

Japan's stocks lead gains in Asia

DHAKA: Stocks in Japan and China led gains on Monday, extending a rally on Wall Street, which closed at its highest level so far this year on Friday.Tokyo's Nikkei 225 finished the session up 1.75% to 17,233.75 points.Investor sentiment in Japan was given a boost as official machinery

Philippines prepares charges against ‘BB account hackers’

DHAKA: The Philippines’ Anti-Money Laundering Council is preparing charges against a number of people allegedly involved in the illegal transfer of more than $80 million from a Bangladesh Bank account at the Federal Reserve Bank of New York to a number of Philippine accounts.“There is

DSE down, CSE up at opening

DHAKA: Trading on the country’s two bourses is underway showing mixed trend in share-price indices on Monday, the second trading day of the week. DSEX, the key index of Dhaka Stock Exchange, shed over 4.16 points to stand at 4476.01 at 12:04pm.Trade deals stood at 36902 with transaction

‘Thai Week’ in city from Mar 16

DHAKA: The four-day ‘Thailand Week’ will be organized at International Convention City of Bashundhara in city on March 16.Bangladesh commerce minister Tofail Ahmed will inaugurate the fair, to be organized by Thai commerce ministry’s Department of International Trade Promotion

DSE down, CSE up Sunday

DHAKA: Trading in the bourses of the country on Sunday (March 13), the first session of the trading week, ended in mixed as investors saw rise of share price indices on Dhaka Stock Exchange (DSE) and down on Chittagong Stock Exchange (CSE).DESX, the prime index of Dhaka Stock Exchange

Muhith to take action against BB

DHAKA: Finance minister Abul Maal Abdul Muhith categorically said that actions will be taken against Bangladesh Bank regarding the robbery of money by hacking its system.He made this assertion to the media at secretariat in city on Sunday (March 13).Expressing his anguish, the finance

Stocks see deflation at opening

DHAKA: Both the bourses of the country saw downward trends of share price indices on Sunday (March 13), the first session of the trading week.DESX, the prime index of Dhaka Stock Exchange (DSE), shed over 1.20 points or 0.02 percent from the previous day and stayed at 4483.32 points at

Woori Bank introduces WiBee Bank

DHAKA: Woori Bank, headquartered in Seoul of South Korea, has introduced “WiBee Bank”, a web based application for its customers in Bangladesh. The bank’s customers can now login to m.bd.wooribank.com from their smart phones and submit Loan and Foreign Currency Exchange Requests

Malware suspected in Bangladesh reserve heist

DHAKA: Investigators suspect unknown hackers managed to install malware in the Bangladesh central bank's computer systems and watched, probably for weeks, how to go about withdrawing money from its U.S. account.According to two bank officials’ brief on Friday, more than a month after