Bank & Finance
Bank & Finance
Banks asked to set up booths in cattle markets
Staff Correspondent: Bangladesh Bank (BB) has asked scheduled banks to set up booths in the cattle markets ahead of Eid-ul-Azha to detect fake or forged notes considering the huge cash transaction.To this end, the central bank asked the commercial banks to assign dedicated officers by July 14, as per a…
Read More »ACC starts inquiry against Evaly over alleged corruption
Staff Correspondent: The Anti-Corruption Commission (ACC) yesterday started inquiry against e-commerce platform Evaly following a Commerce Ministry request to take legal action against the company over allegedly embezzling or illegally withdrawing Tk 338 crore taken in advance from customers and owed to merchants.The commission formed a two-member inquiry team, led…
Read More »Remittance inflow hits record high of $24.77 billion in FY21
Staff Correspondent: Remittance inflows hit a record high of US$24.77 billion in the just-concluded fiscal year (FY21), thanks to the expatriate Bangladeshis for sending money amid the Covid-19 pandemic.Expatriate Bangladeshis sent 36 per cent higher remittance in fiscal 2020-21 compared to the same period in the fiscal 2019-20, when it…
Read More »Banks, stock markets opening after 4 days
Staff Correspondent: The bank will reopen today after being closed for four consecutive days due to lockdown. Besides banks, transactions will also be introduced in the stock market.From Monday, bank transactions will be opened from 10 am to 1.30 pm. And transactions in the stock market will continue from 10…
Read More »Most brands didn’t ensure proper payment of workers
RMG sector scenario during pandemic Staff Correspondent: A report by Clean Clothes Campaign, garment industry’s largest alliance of labour unions and non-governmental organisations, have found evidence of “wage theft” in the supply chains of leading brands.The alleged wage theft in the supply chains of Primark, Nike and H&M outlines devastating…
Read More »Don’t use unlicensed mail operator and courier service
BB instructs banks Staff Correspondent: Country’s central bank- the Bangladesh Bank has instructed other banks not to avail the services of ‘unlicensed mail operators’ and ‘courier services’.The central bank’s Banking Regulation and Policy Department issued a circular in this regard.The directive signed by the General Manager of Banking Regulation and…
Read More »Bangladesh moves 25 spots up in Global Cybersecurity Index
Industry Desk: Bangladesh has moved up by 25 places from its previous year’s rank in the latest edition of the Global Cybersecurity Index, maintained by the International Telecommunication Union (ITU).Scoring an impressive 81.27 in the index for 2020, Bangladesh is sitting pretty at 53rd, in a list containing 194 countries…
Read More »Record reserves of BB stood at $48 b
Mahfuja Mukul: Bangladesh’s foreign exchange reserves have crossed the US$ 46 billion milestone despite the epidemic, relying on remittances sent by expatriates.At the end of June 29, Bangladesh Bank’s reserves stood at $48.62 billion, more than at any time in the past. This information has been known from Bangladesh Bank…
Read More »Black money can be invested in stock market flats new industry
Zahirul Islam: The Parliament yesterday passed the Finance Bill allowing untaxed money to be invested in the stock market, flats or apartments, and new industrial undertakings.The decision comes as manufacturing industry investment has nearly come to a halt in the Covid-19 outbreak.The government will allow the investment of black money…
Read More »No easy bank loans
Said jobless expats Staff Correspondent: Left jobless due to corona pandemic last year a helpless Nurul Azim Babu returned from Dubai to his home in Chattagram, his future dark and gloomy.The money he had saved from his six-year job as a driver exhausted soon forcing a desperate Babu to look…
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Hotels to be converted for Covid hospitals
Hospitals overwhelmed Staff Correspondent: The government is going to rent hotels for providing treatment …
