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UK to help reform sectors like banking, revenue, capital markets

The United Kingdom (UK) today expressed their keen interest to help Bangladesh reform its banking and revenue sectors alongside the capital market. The interest surfaced as the UK High Commissioner to Bangladesh Sarah Cooke called on Finance Adviser to the interim government Dr Salehuddin Ahmed at his Economic Relations Division (ERD) office in the city. After the meeting, the finance adviser said the UK is willing to help Bangladesh reform sectors like banking, revenue and capi...

From ‘Bloody July’ to ‘Floody August’

Flash floods, which can also be considered political floods, caused by  the sudden opening of the Dumbur dam upstream of the Gomti river in India's Tripura have devoured some zillas in the eastern and southeastern regions of Bangladesh. It is true that there was heavy rainfall in those eastern zillas and flood conditions in Tripura were dire, but India has shown inhumanity by opening dams without any prior notice. How friendly is it for a neighbouring country that claims to be a'reliable friend’ of Bangladesh? According to the press secretary of the chief adviser of the interim government, flash floods have marooned at least 36 lakh people in 10

BNP to give govt  time to ensure fair polls: Mirza Fakhrul

BNP Secretary General Mirza Fakhrul Islam Alamgir has said his party is open to providing a reasonable timeframe to the interim government to oversee a general election. "We want to give the government time, but they must bring all political parties to a position of trust," Fakhrul said during a press interaction in Sylhet on Sunday afternoon.
Earlier in the Sunday, Mirza Fakhrul visited the shrines of Hazrat Shahjalal and Shah P...

Our job is to ensure justice for every citizen, says chief adviser

Professor Dr. Muhammad Yunus, chief adviser to the interim government, said Bangladesh is a large family where the responsibility of the government is to protect the rights of every citizen. The chief adviser made the comments on Monday while exchanging greetings with the leaders of Bangladesh's Hindu community on the occasion of Janmastomi , the auspicious birth celebration of Lord Sri Krishna. During the meeting, Prof Yunus said he wants to build a Bangladesh where everyone can practice ...

Mismanaged by S Alam though govt has majority shares

Although government banks and organizations hold 51% of the shares in Bangladesh Commerce Bank, the controversial conglomerate S Alam Group has effectively taken control of the bank. They have misused their influence to appoint the bank's chairman and managing director. Furthermore, the bank owes Tk 13 billion to other banks and financial institutions owned by S Alam Group. According to sources, S Alam Group did not borrow money directly from Bangladesh Commerce Bank. Instead, the bank provided Tk 6.10 billion to other banks owned by S Alam Group, and the conglomerate withdrew this amount, either under different names or anonymously. In addition, Tk 7 billion remains stuck in financial institutions owned by S Alam and
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