Business-Economy

Islami Bank moves to auction S Alam Group’s assets to recover debt

Staff Correspondent: Islami Bank has announced the auction of assets belonging to Infinity CR Strips Industries Limited, a concern of the S Alam Group, to recover outstanding loans under the

Depositors to get back max Tk 2 lakh on liquidation of bank, financial institution

Staff Correspondent: Depositors are set to get a maximum refund of Tk2 lakh if any bank or financial institution is liquidated, according to a draft of the “Deposit Protection Ordinance,

Norway’s SWF investment in Bangladesh stocks drops by 6% in 2024

Staff Correspondent: Norway’s sovereign wealth fund (SWF), the largest investment fund in the world, reported a 6% drop in its investments in Bangladesh’s capital market in 2024, according to data

Revenue collection falls short by Tk 58,242cr

Staff Correspondent: In the first eight months (July-February) of the current fiscal year 2024-25, the National Board of Revenue (NBR) is lagging behind the revenue target by more than 58,000

PDB says it owes $141m less than what Adani claims

Staff Correspondent: The Bangladesh Power Development Board (PDB) has disputed Adani Power Jharkhand Limited’s claim of outstanding electricity bills, arguing that the company’s coal pricing method led to an overcharge

Vessel carrying 29,000 MT rice from Vietnam arrives at Ctg port

Staff Correspondent: A cargo vessel arrived at Chittagong Port from Vietnam carrying 29,000 tonnes of rice on Saturday. The vessel, MV OBE Dinares with rice brought under the G2G agreement