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Bangladesh Bank summons HSBC officials over money laundering reports

Bangladesh central bank has summoned local HSBC officials over recent reports in global media alleging the bank’s involvement in helping clients to evade taxes.The multinational bank’s Dhaka officials have been asked to come to the Bangladesh Bank (BB) on Thursday.“Recent ...

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HSBC bank ‘helped clients dodge millions in tax’

Britain’s biggest bank helped wealthy clients cheat the UK out of millions of pounds in tax, the BBC has learned. Panorama has seen thousands of accounts from HSBC’s private bank in Switzerland leaked by a whistleblower in 2007. They show ...

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Oil price slide to continue

Crude oil will likely continue falling before posting only a mild recovery in the second half of this year, a Reuters survey of analysts showed on Friday, with prices set to average even less in 2015 than during the global ...

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Leather sector loses Tk 4.59bn

The ongoing countrywide blockade enforced by the BNP-led alliance has caused Tk 4.59 billion loss to the leather sector, businessmen say. The Bangladesh Tanners’ Association gave this figure at a press conference held at Dhaka Reporters’ Unity on Monday. The ...

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Supply disruption pushes up food inflation

Food inflation hit more than 6% in January, fueled by political unrest that caused supply chain disruption across the country, officials said yesterday. It increased for the first time in nine months since March last year when food inflation continued ...

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Unable to supply, rice millers stop production

Rice miller Mohammad Khaleq had no other option but to close down his mill three weeks ago. He had invested Tk20 lakh, taking loan from banks to make more profit in this full Aman paddy season. “I am almost bankrupted,” ...

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Blockade causes Tk 4.59 billion loss to Bangladesh’s leather sector

The ongoing countrywide blockade enforced by the BNP-led alliance has caused Tk 4.59 billion loss to the leather sector, bThe Bangladesh Tanners’ Association gave this figure at a press conference held at Dhaka Reporters’ Unity on Monday.The organisation urged political ...

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Govt plans to trim growth target as blockade bites

The government plans to revise down its economic growth target for the current fiscal year as the ongoing countrywide blockade and the associated violence have continued to hit the economy hard. “We will have to revise it because of the ...

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Business leaders form human chain for trade-friendly atmosphere

Leaders of different trade and labour bodies formed a human chain in front of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Bhaban at Karwan bazar in Dhaka urging the prime minister to ensure political stability to boost business in Readymade ...

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Digilearn Signs Agreement with Cool

MOS World Championship 2015 Opens in Bangladesh First Time Ever Here’s a fascinating prospect for the Microsoft genius on land, willing this time to win the world. The global talent hunt titled the Microsoft Office Specialist World Championship searching for ...

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