Many Bangladesh banks cannot pay the LC liabilities on the due date. There is a delay of one month in the payment of some liabilities. In this situation, Bangladesh’s image of the banking sector is being undermined by the foreign banks that have guaranteed LC. Many foreign banks have now started reducing their credit lines […]
Bangladesh Breaking News
All the latest breaking news and analysis from Bangladesh. Published after crucial Fact Check . We do not Publish unverified claim and news .
Bangladesh Securities and Exchange Commission (BSEC) has awarded 11 companies for mediating the capital market. ICB Catipal Management and UCB Investment have been ranked first in the merchant banker category. The second is City Bank Capital Resources and Sanshi Life Finance. The third LankaBangla Investment. Shanta Asset Management is the first in the asset management
About Tk 133 crore has been withdrawn from The Bangladesh Development Bank (BDBL). Huge amounts of money are digested through various techniques including non-existent business, overvaluation of security and submission of fake Memorandum of Understanding. The bank took the money through 14 separate loans but did not get it back. All loans are now defaulting.
The Bangladesh Navy’s ambitious frigates program is now a reality, five multi-role stealth guided-Frigates will join the Bangladesh navy from the united kingdom. Bangladesh agreed to buy three British made vessels as well as two more that will be built locally at Chattogram Dockyard under the supervision of the united kingdom. The purchase was discussed
Bangladesh Army Cheif General SM Shafiuddin Ahmed Attended INDO-PACIFIC ARMIES CHIEFS CONFERENCE Army Chief General SM Shafiuddin Ahmed attended the Indo-Pacific Army Chiefs Conference, jointly organized by the U.S. Army and the Papua New Guinea Defense Force in united states . On the first day of the three-day conference, which ran from 13 September 2021
A six-member delegation of the Bangladesh Army led by Army Chief General SM Shafiuddin Ahmed visited Turkey on a 07-day official visit. Army Chief General SM Shafiuddin Ahmed reached Istanbul from Dhaka on 17 August 2021 at noon. Bangladesh Turkey Defense copperation Bangladesh turned into the fourth-biggest arms purchaser from Turkey, supposedly getting up to
The Defense Ministry issued the order on Thursday. SM Shafiuddin Ahmed will replace current army chief General Aziz Ahmed .Gen Aziz took over the Command of the Bangladesh Army as the 16th Chief of Army Staff on June 25, 2018.
In terms of BDT, the 2021 military budget of Bangladesh is 5% higher than 2020 while in USD it’s just a 0.7% increase. Taka 1672.47 or 196.25 Million USD was allocated for development purposes. Taka 16817 corer or $ 1.97 billion was allocated for the Bangladesh army, 6330 corers or $ 742.78 million USD for Bangladesh Navy and 4743 million USD corers or 556.56 for Bangladesh Airforce in the 2021 military budget of Bangladesh.
Former law minister and Awami League presidium member and president of the Bangladesh Supreme Court Bar Association Advocate Abdul Matin Khasru MP is undergoing treatment in the ICU of the Combined Military Hospital (CMH) in Dhaka after contracting the coronavirus. He was admitted to CMH in Dhaka on March 16 after suffering from coronavirus. He
Proposal to fines and abolish tax benefits for companies employing illegal foreign workers in Bangladesh
The Institute of Chartered Accountants of Bangladesh (ICAB) has said that a large number of foreign nationals are working illegally in various industries and businesses in Bangladesh. According to a report published by the Transparency International Bangladesh (TIB) in February 2020, some 2.50 lakh foreign nationals are working in the country. Of them, 90,000 are