Bangladesh Bank (BB) imposed restrictions on six banks under the control of the S Alam Group in giving loans and prohibited opening Letter of Credits (LCs) for import. Now the banks will have to take permission from BB in case of distributing loans amounting over Tk 50 million.
The banks are - Islami Bank, Social Islami Bank, First Security Islami Bank, Union Bank, Global Islami Bank and Bangladesh Commerce Bank.
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City mayors removed, administrators appointed
The Local Government Division has removed mayors of the 12 city corporations and appointed administrators for those corporations.
The Administrators were appointed in the vacated positions, said a gazette notification issued by the local government division today.
The notification said, the mayors were removed from their offices as per the section 13(Ka) of the Local Government (City Corporation) (Amendment) Ordinance, 2024.
The 12 city corporations are: Dhaka South, Dhaka North, Chattogram, Khulna, Rajsha...
The notification said, the mayors were removed from their offices as per the section 13(Ka) of the Local Government (City Corporation) (Amendment) Ordinance, 2024.
The 12 city corporations are: Dhaka South, Dhaka North, Chattogram, Khulna, Rajsha...
Complaint lodged against ex-CJ Khairul
A complaint has been filed against ABM Khairul Haque, the former Chief Justice and recently resigned Chairman of the Law Commission, accusing him of allegedly engaging in fraud to manipulate a judgment.
Md Mujahidul Islam, a lawyer at the Bangladesh Supreme Court, lodged the complaint on Sunday afternoon at Shahbagh Police Station in the capital.
However, the complaint has not yet been officially registered as a case due to the absence of the Officer-in-Charge (OC) at the police station, according to Sub-Inspector (SI) E...
However, the complaint has not yet been officially registered as a case due to the absence of the Officer-in-Charge (OC) at the police station, according to Sub-Inspector (SI) E...
Students in no other country make such sacrifices, says Yunus
During a briefing with foreign diplomats about the nation's current situation at Hotel Intercontinental on August 18, Dr. Yunus recounted the harrowing scenes he witnessed in hospitals. Dr. Yunus highlighted that students in no other country had to make such sacrifices in their quest for democratic rights and human dignity.
Dr. Muhammad Yunus, the Chief Adviser of the interim government, paid tribute to the students and young individuals who sacrificed their lives and suffered severe injuries during the quota reform movement,...
Dr. Muhammad Yunus, the Chief Adviser of the interim government, paid tribute to the students and young individuals who sacrificed their lives and suffered severe injuries during the quota reform movement,...
Cash withdrawal raises to Tk 3 lakh daily limit
Bangladesh Bank (BB) has ordered commercial banks not to allow cash withdrawals of more than Tk 3 lakh per account daily.
Earlier, the limit was Tk 2 lakh.
The central bank also instructed banks to monitor transactions through cheques and block any suspicious transfer of funds.
"Due to security problems in transporting cash to bank branches, please do not allow withdrawals more than Tk 3 lakh in cash during the upcoming week," the Bangladesh Bank informed banks through an SMS on Saturday.
The central bank also instructed banks to monitor transactions through cheques and block any suspicious transfer of funds.
"Due to security problems in transporting cash to bank branches, please do not allow withdrawals more than Tk 3 lakh in cash during the upcoming week," the Bangladesh Bank informed banks through an SMS on Saturday.
Labor unrest stalls metro rail services
The metro rail service has been suspended for several weeks due to a strike by metro rail workers, though it is now ready to operate fully with repaired lines, coaches, and signal systems. These workers claim that senior officials enjoy significantly more benefits than those at the lower levels.
As a result, the metro rail remains closed, despite there being no technical issues, according to sources at the Dhaka Mass Transit Company Limited (DMTCL), the state-run entity managing the metro service.
The timeline f...
The timeline f...
