Summit Group founder Muhammed Aziz Khan allegedly smuggled millions of dollars out of Bangladesh under the patronage of his brother Awami League presidium member Muhammad Faruk Khan over the last 15 years. Aziz Khan has become Singapore’s 41st richest man with wealth worth $1.12

Bangladesh Bank (BB) has found serious irregularities at NRB Commercial (NRBC Bank PLC, including suspicious transactions, misleading information about an entrepreneur director’s identity and discrepancies in shareholding. The central bank has fined the private bank Tk500,000 for

Former president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), Abdul Awal Mintoo, said that those striving to create employment in the country through investment are the ones facing harassment, despite their significant contributions to the economy.

Legal action will be taken against corrupt businesspeople but their businesses will remain active, Labour and Employment Adviser Asif Mahmud Shojib Bhuyain has said. Asif Mahmud, also the adviser to the Ministry of Youth and Sports, said that the government will ensure that the

The LED system at Bashundhara City Shopping Mall was hacked on Friday evening. A group identifying themselves as “Systemadminbd, Muslim BlackHats, and Spy Agents” claimed responsibility for the breach. In response, Bashundhara Group took swift action to strengthen

Jewellers have raised the price of gold by Tk1,889 to Tk141,951 per bhori (11.664 grams) due to a hike in the price of pure gold in the international market. The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association (BAJUS) made the decision

Bashundhara Toiletries is proud to announce the launch of “Alora 2in1” Hair and Body Wash, an innovative product designed to simplify your daily care routine.  As Bangladesh’s first 2-in-1 solution for both hair and skin, Alora offers a unique blend of premium

Abdul Awal Mintoo is the former president of Federation of Bangladesh Chambers of Commerce & Industries (FBCCI), the top business organisation in the country, and currently serves as the vice chairman of BNP. He is the chairman of several of his business entities, including Lal Teer

Adviser to the Ministries of Finance and Commerce Dr Salehuddin Ahmed today said the present government’s priority is to bring back the money laundered abroad. “We have formed taskforce to bring back money that has been illegally taken abroad. We started work on bringing

Over 2 lakh local and foreign tourists visited the Sundarbans in fiscal 2023-24, helping the government earn Tk 3.61 crore as revenue from the world's largest mangrove forest, officials said. While talking to BSS, Khulna Zone Conservator of Forest Mihir Kumar Doe said a total of 2,

The Bangladesh Jeweller’s Association (BAJUS), has raised the price of 22 carat gold by Tk 2,613 to Tk 1,40,061 per bhori, the highest rise in the country's history till today (October 19). The Standing Committee on Pricing and Price Monitoring of BAJUS made the decision at a

The recent labour unrest in September and October has led to an estimated production loss of nearly $400 million (Tk 4,800 crore) in the garment sector, according to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA). "Maintaining law and order and ensuring

Egg prices at retail markets across the capital have decreased by Tk25 to 30 per dozen, thanks to government measures to make eggs more affordable. To ease the burden on consumers, the government has reduced the import duty on eggs from 25% to 5%. This reduction will remain in effect

Gold prices hit a record high above $2,700 on Friday as traders piled into the safe-haven commodity at a time of heightened geopolitical uncertainty, including in the Middle East after Israel said it killed Hamas chief Yahya Sinwar. Bullion hit an all-time high of $2,704.89 in early

The US Federal Trade Commission (FTC) has adopted a 'click to cancel' rule, which aims to make it easier for people to end subscriptions. It will force companies to make subscribing and cancelling subscriptions equally straightforward. Businesses, including retailers and

The US has hit Lufthansa with a record $4m (3m) penalty after the airline barred Jewish passengers from a 2022 flight because some allegedly refused to follow rules requiring face masks. The Department of Transportation said Lufthansa discriminated against the passengers, treating them

Rubel Aziz, a director of City Bank, on Tuesday, expressed his intention to sell 34 lakh shares from his holdings in the bank at the current market price, reports The Business Standard. According to a disclosure on the Dhaka Stock Exchange (DSE) website, he wants to sell the shares in

Daron Acemoglu, Simon Johnson, and James Robinson have been awarded the 2024 Nobel Prize in Economic Sciences for their pioneering studies on how institutions shape economic prosperity, the Royal Swedish Academy of Sciences announced on Monday. Their research sheds light on the critical

Many foreign banks are now hesitant to accept letters of credit (LC) from Bangladeshi banks, despite a recent improvement in dollar liquidity within the country. While the increased dollar supply has eased pressures related to import liabilities and foreign debt repayments, local banks

Boeing will axe its workforce by a tenth - cutting 17,000 jobs - and delay production as the aeroplane maker deals with issues across its business. Chief executive Kelly Ortberg said in an email to staff that "executives, managers, and employees'" jobs are all at risk.