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Twelve out of 47 banks in the country held 72 per cent of classified loan or default loan of the banking sector as on September 31 of this year as they disbursed significant amount of loans unlawfully to the clients, said Bangladesh Bank officials.   According to the latest BB data, the classified loans in […]

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Garment owners promise to bear expenses of fire victims’ families for 10 years It took four days for the trade body of garment makers to take a mere decision to form a taskforce that will give the factory owners a deadline to upgrade their fire safety measures. The BGMEA still does not know when the […]

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WB external panel due on Dec 1 In this October 14 photo, the World Bank country director along with a three-member external panel of the global lender leaves the Anti-Corruption Commission office. The external panel of internationally-recognised experts which is scheduled to come on December 1 will advise the global financer and co-financiers of Padma […]

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Cuts ties US global retailer Walmart yesterday said Tazreen Fashions, the garment factory where a fire killed at least 111 people, had been making clothes for the reta Buy cialis lowest price iler without its knowledge. But the website of Tuba Group, a major Bangladeshi garment exporter that owns Tazreen Fashions, shows Walmart on the […]

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This November 25 photo shows fire service men tried to extinguish the blaze at Tazreen Fashions Ltd at Nishchintapur on the capital’s outskirts Ashulia.  The garment factory in Bangladesh where a weekend fire killed at least 112 people had been making clothes for Wal-Mart without the giant US retailer’s knowledge, Wal-Mart said. Wal-Mart said the […]

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A Dhaka Court on Tuesday ordered the Anti-Corruption Commission to confiscate all the movable and immovable properties of Destiny Group. Destiny Group Chairman Mohammad Rafiqul Amin, his wife Farah Diba, Destiny 2000 Limited Chairman Mohammad Hossain and all the associate organisation of group including its Tree Plantation Project will come under the order. Judge Mohammad […]

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3 deals signed; recruitment to start next year Kuala Lumpur on Monday signed a memorandum of understanding (MoU) with Dhaka on recruitment of Bangladeshi workers to Malaysia lifting a nearly four-year ban on the manpower recruitment. The MoU was signed by Malaysian government’s Human Resource Minister Datuk Dr S Subramaniam and Bangladesh Expatriates’ Welfare and […]

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Clean sweep for govt-backed panel Standard Bank Ltd Chairman Kazi Akramuddin Ahmed-led panel recorded a landslide victory at the biennial election of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) early Sunday, grabbing 20 posts out of 30. The government-backed panel claimed 11 posts out of 15 from the chamber group and nine […]

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Police man the front of a Walmart store amid heightened security in Paramount, California, on Friday.Photo: AFPAfp, Secaucus, New Jersey Walmart workers hailed their wage protest Saturday, saying their walkout on ‘Black Friday’ had shown the world’s largest retailer their determination to fight against all odds. Hundreds of protesters targeted Walmart stores across the United […]

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Economists at a CPD discussion say political will is key to economic integration From right, Dilliraj Khanal, chairman of Institute for Policy Research and Development, Nepal; Prof Wahiduddin Mahmud, an economist; Rehman Sobhan, chairman of the Centre for Policy Dialogue (CPD); and Abdur Razzaque, food minister, attend a dialogue on “Value chains for inclusive development”, […]

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Kazi Akramuddin Ahmed’s panel is leading in the FBCCI polls winning 11 out of the 15 Director posts from the Chamber Group. FBCCI Election Board Chairman Ali Ashraf MP told bdnews24.com that Ahmed-led panel bagged 11 posts while his rival Annisul Huq-led panel got remaining four. According to FBCCI rules, 30 directors are elected through […]

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A voter casts her vote in the FBCCI election at the Federation Bhaban in the capital on Saturday. A supporter of Ganatantrik Parishad panel came under attack while going to cast his vote in the biennial election to the country’s apex trade body FBCCI in Motijheel Saturday afternoon. Meanwhile, the election board of Federation of […]

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