The Business Standard

The Anti-Corruption Commission (ACC) has filed a case against 58 individuals, including the son of S Alam Group Chairman Mohammad Saiful Alam, for embezzling Tk1,092 crore from the Chaktai branch of Islami Bank Bangladesh Limited (IBBL) in Chattogram.  Link in Comments #SAlamgroup #Embezzlement #AntiCorruptionCommission #TBSNews

Bangladesh will get $645 million as the fourth tranche of the $4.7 billion loan on 10 February if Bangladesh fulfills prior conditions, said International Monetary Fund (IMF) staff team leader Chris Papageorgiou. Link in Comments #IMFLoan #LoanSupport #ForeignLoan #TBSNews

Bangladesh's interim government has accused energy supplier Adani Power of breaching a multi-billion-dollar agreement by withholding tax benefits that a power plant central to the deal received from New Delhi, according to documents seen by Reuters. Link in Comments #GautamAdani #adanipowerdeal #adanipower #taxexemptions #TBSNews

While most listed feed makers are posting profits and paying dividends to shareholders, National Feed Mills Limited stands as an exception, having incurred losses in the fiscal 2023-24, leaving its shareholders deprived. Link in Comments #nationalfeedmills #BangladeshCapitalMarket #stockmarket #dhakastockexchange #TBSNews

The government's increased efforts to clear overdue foreign payments and the tactics of aggregator exchange houses have driven the remittance dollar rate to an all-time high of Tk127, signalling heightened economic headwinds. Link in Comments #Remittance #DollarRate #USDollarRate #dollarpricehike #TBSNews

Migration costs for Bangladeshi workers remain high despite assurances from the interim government that it will act against illegal "visa trading," a key factor driving up expenses. Link in Comments #migration #bangladeshiworkers #labourmigration #migrationcost #TBSNews

Businesses with foreign loans stand to face an additional burden of around Tk1,500 crore annually as their 20% tax exemption on interest payments expires this month, increasing their cost of doing business and further diminishing their competitiveness. Link in Comments #ForeignLoans #LoanInterest #taxexemptions #taxoninterest #TBSNews 

Ring Shine Textiles has terminated a deal with Wise Star Textile Mills on selling shares to the company and its nominees. Link in Comments #ringshinetextiles #WiseStarTextileMills #SharePurchase #sharemarket #DhakaStockExchange

The Bangladesh Securities and Exchange Commission (BSEC) has reduced Monno Agro & General Machinery's stock dividend payment to 22% from 25%. Link in Comments ##BSEC #DhakaStockExchange #stockdividend #monnoagro #TBSNews

The Bangladesh Securities and Exchange Commission (BSEC) has observed irregularities, including the failure to adhere to International Financial Reporting Standards (IFRS), in Beximco's first-ever asset-backed Green Sukuk. Link in Comments #BSEC #DhakaStockExchange #Beximco #TBSNews