Bangladesh Bank Ends Administration at Social Islami Bank, Consolidates Shariah-Based Banks

Bangladesh Bank Governor Md Mostaqur Rahman has directed Sammilito Islami Bank to protect depositors' interests and resume normal operations.

The Bangladesh Bank has initiated a resolution process for four non-viable financial institutions, aiming to restore order and confidence.

Sammilito Islami Bank PLC has resumed normal banking operations, providing relief to depositors.

Bangladesh Bank has terminated the contract of Chief Economist Dr. Mohammad Akhtar Hossain earlier than expected.

Bangladesh Bank has enlisted 131 firms to assess collateral for bank loans, divided into two groups.

Sammilito Islami Bank PLC has continued paying customers against their withdrawal applications while fund inflows and normal banking transactions remain uninterrupted, according to its Managing Director and Chief Executive Officer Md. Abedur Rahman Sikder.

A festive atmosphere filled branches of Sammilito Islami Bank as the bank began repaying deposits to individual customers.

US Treasury officials have expressed satisfaction over the progress made by Bangladesh Bank in addressing key macroeconomic and financial sector issues.

Bangladesh Bank has updated the allocation rates for Sukuk among different investor categories to encourage broader participation in the Islamic securities market.

Asian stocks experienced significant declines as rising oil prices and inflation fears led to increased expectations of rate hikes.

Asian stocks experienced significant declines as oil prices surged and inflation data heightened expectations of further rate hikes.

The Commerce Ministry has revoked the licence of the Bangladesh Agrochemical Manufacturers Association (BAMA) and mandated its merger with the Bangladesh Crop Protection Association (BCPA).

The Dhaka Stock Exchange (DSE) has continued its losing streak, reflecting subdued investor confidence and concerns over the ongoing energy crisis and the upcoming earnings season.

Bangladesh is set to send a trade delegation to Sri Lanka to explore the potential for exporting potatoes, aiming to create new overseas markets and boost bilateral trade.

Mohammad Muntasir Hossain, a seasoned tech executive, has been appointed as the first Member, Technology & Innovation at Invest Bangladesh to enhance digital services for investors.

Oil prices have soared above $100 a barrel following Iran's aggressive actions in the Strait of Hormuz.

Asian and global stocks fell sharply as oil prices surged past $100 per barrel, driven by escalating Middle East hostilities and raising fears of inflation and imminent rate hikes by central banks.

Brent crude oil has crossed the $100 mark for the first time since late July, driven by escalating hostilities between the US and Iran, which is stirring inflation concerns worldwide.

Commerce Minister Khandakar Abdul Muktadir today urged Hong Kong-based Bangladeshi businessmen to invest in Bangladesh and help expand trade ties.

The Bangladesh Foreign Trade Institute (BFTI) and the Economic Reporters' Forum (ERF) have signed a Memorandum of Understanding (MoU) to strengthen cooperation in trade, economics, research, training, and knowledge sharing.

The government has approved the import of 110,000 tonnes of fertilizers from Belarus, Morocco, and Saudi Arabia to support the agricultural sector.

Yemen's government forces, backed by Riyadh, have launched attacks on Houthi fighters in the crucial Red Sea city of Mocha.

Russia will send officials to a G20 energy meeting in Houston next week, amid ongoing efforts to end the Ukraine conflict.

RAB-13 has recovered 17 rounds of abandoned bullets and cartridges from a pond in Rangpur.

Bangladesh is set to expand free education opportunities for female students to strengthen women's participation in higher education.

Donald Trump has landed in Ireland for a high-security visit that combines diplomacy with his personal business interests.

Bangladesh allrounder Mehedi Hasan Miraz delivered another stellar bowling performance, guiding Guyana Amazon Warriors to a six-wicket victory over Trinbago Knight Riders in the Caribbean Premier League.

The country's food grain stock has seen a substantial increase of 148,484 metric tonnes over the past six months.

In a groundbreaking achievement, Bangladesh's U-20 women's hockey team defeated Malaysia 2-1 to secure fifth place in the Women's U-20 Junior Asia Cup Hockey tournament.

Bangladesh U-17 women's national football team is set to play Jordan in the second and final friendly match on Sunday, as part of their preparations for the AFC U-17 Women's Asian Cup 2027 Qualifiers.

Prime Minister Tarique Rahman has urged all segments of society, including the business community, entrepreneurs, and researchers, to collaborate in building a prosperous Bangladesh.

Prime Minister Tarique Rahman today called upon the country’s youth to join hands in rebuilding the state and combating dengue, saying their collective strength and determination can bring about meaningful change in the country.

Chinese President Xi Jinping has arrived in New Delhi for the BRICS summit, marking his first visit to India since 2019.

The upazila administration has seized around 670 sacks of different types of fertilizer from a trader's house in Durgapur upazila of Rajshahi district.

The Venice Film Festival's prestigious Golden Lion award will be announced, with an Israeli documentary on Gaza and a John Malkovich-led drama among the top contenders.

Ben Shelton is confident his problem-solving skills will lead him to a maiden Grand Slam title as he prepares to face Alexander Zverev in the US Open final.

Revelations that Brazilian presidential candidate Flavio Bolsonaro is under investigation for alleged corruption and money laundering have sent shockwaves through his campaign.

Ben Shelton's powerful serve and relentless play earned him a four-set victory over Frances Tiafoe, securing his place in the US Open final against Alexander Zverev.

Bhutan is betting on hazelnuts to transform its farming sector and boost farmers' incomes.