Court Correspondent A lawyer on Tuesday lodged a case against four people including Dutch Bangla Bank Limited Managing Director (MD) Shamsi Tabrez on the charge of taking away Tk 93,000 through ATM (Auto Trailer Machine) Card forgery.
Category: Business
Egyptian plane hijacked, lands in Cyrus
Nicosia — An EgyptAir plane was hijacked on Tuesday while flying from the Egyptian Mediterranean coastal city of Alexandria to the capital, Cairo, and later landed in Cyprus where some of the women and children were allowed to get off…
Biman to lease extra wide-bodied aircraft during Hajj
Dhaka – Biman Bangladesh Airlines has decided to take a wide-bodied aircraft on wet lease for carrying pilgrims to Saudi Arabia smoothly during the Hajj period, UNB news agency reported.
Govt decides to cut furnace oil price
The government has decided to reduce the price of furnace oil but the figure will be announced in a week, State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said.“We’ve decided to cut the price of furnace oil…
Air India plane makes emergency landing
An Air India flight from Hyderabad made an emergency landing after smoke was detected coming out from its undercarriage in Mumbai on Monday morning, official sources said.
IBBL’s Shari`ah Supervisory Committee meeting held
A meeting of the Shari`ah Supervisory Committee of Islami Bank Bangladesh Limited was held on March 24, 2016 Thursday at Islami Bank Tower.
Bandwidth, power exports between Bangladesh, India opened
The Prime Ministers of India and Bangladesh today jointly inaugurated, through video conferencing, supply of 100 mega watts of power from India (Tripura) to Bangladesh (Comilla) and 100 GBPS broadband internet from Bangladesh (Cox’s Bazar) to India (Agartala). Remarks were…
Dhaka seeks duty free US access
Bangladesh has solicited support of a congressman to get duty-free and quota-free access of its goods to the US market.Ambassador Mohammad Ziauddin met Congressman Adrian Smith in Washington on Monday and discussed trade-related issues and other development achievements of Bangladesh,…
NY Federal Reserve Bank had major lapse in robbery, Dhaka says
A document, dated 13 March, sheds new light on Bangladesh Bank’s interpretation of a cyber heist in which hackers tried to steal nearly $1 billion Dhaka: Bangladesh’s central bank has suggested the Federal Reserve Bank of New York had a…
SWIFT to advise banks on security as Bangladesh hack details emerge
The cyber thieves may be targeting other financial institutions as well. The SWIFT messaging system plans to ask banks to make sure they are following recommended security practices following an unprecedented cyber attack on Bangladesh’s central bank that yielded $81…
Vessel plying thu’ Shela River of the Sunderbans suspended
Dhaka – The Bangladesh Inland Water Transport Authority (BIWTA) has suspended the plying of vessels through the Shela River following the capsize of a coal-laden cargo vessel in the river at Harintana of the Sundarbans under Mongla upazila. BIWTA Chairman…
Oil prices fall on higher US rig numbers
Oil prices dipped slightly during the early hours of Asian trading on Monday as fresh oversupply concerns spurred by an increase in operational US rigs bridled a recent rally.This follows a week of gains that lifted US benchmark West Texas…
Stop plying vessels thru’ the Sundarbans
Dhaka – National Committee to Protect Shipping, Roads & Railways (NCPSRR) on Sunday urged the concerned authority to take necessary steps to stop plying of vessels through the Shela River in Sundarbans to keep it and its bio-diversity unhurt.
UK firm to be appointed for airport security
The government has approved the decision of appointing British firm Redline Aviation Security Limited to train Bangladeshi personnel and supervise security at the Hazrat Shahjalal International Airport for the next two years.
Manila continues inquiry of the accused in BB fund hacking
Following Thursday’s closed door testimony of Maia Deguito, it does not appear to Senate blue ribbon committee chair Teofisto Guingona III that she is the “most guilty” of the US$81 million fund heist. The Senator concludes that more officials of…
CID holds meeting with FBI at its head office in Dhaka Friday
Dhaka – The Criminal Investigation Department (CID) of police will hold a meeting with United States of America’s Federal Bureau of Investigation (FBI) at CID headquarters in the city on Friday afternoon to discuss about the much-talked about the $101…
‘Finance Minister, Governor can’t escape responsibility’
A ruling Awami League ministers on Thursday observed that the finance minister AMA Muhith and the former Bangladesh Bank (BB) governor Atiur Rahman cannot avoid the responsibly of the recent heist from BB account with Federal Reserve Bank of New…
Checking further heist to be first priority: new BB governor
Dhaka – Newly appointed governor of Bangladesh Bank Fazle Kabir said his first priority will be to prevent recurrence of such incident of heist through which hackers took away more than $100 million from the central bank account with US…
Very low chance of recovering BB’s $81m: Manila Senator
Dhaka – Though efforts are on to get back the stolen $81 million from the Bangladesh Bank, Philippines now finds ‘very low’ chance to retrieve it because the money is now likely outside the Southeast Asian country. “There is a…
Bangladesh Bank needs ’Serious reforms’: Muhith
Dhaka – Finance Minister AMA Muhith on Wednesday said that Bangladesh Bank`s different systems require serious reforms. ”It is not in a very healthy condition. This is my assessment,” said Muhith, while talking to reporters at Cabinet Division following the…
Two BB deputy governors relieved of duty: Muhith
Dhaka – Two Bangladesh Bank deputy governors — Md Abul Quasem and Nazneen Sultana — have been relieved of their duty, said Finance Minister AMA Muhith on Tuesday.
Atiur resigns: Ex-secy Fazle Kabir to be new BB Governor
Embattled Bangladesh Bank Governor Dr Atiur Rahman on Tuesday quit amid a huge row over the heist of $101 million from the Bangladesh Bank’s account with the US Federal Reserve Bank. The Governor’s resignation came following his meeting with the…
Central Bank fund hacking: Bnp demands govt’s resignation
Dhaka = The BNP on Monday demanded the resignation of Prime Minister Sheikh Hasina over the recent Tk 800 crore heist of Bangladesh Bank’s funds deposited with US Federal Reserve Bank in New York. “In addition to the prime minister,…
Bangladesh Bank to face action: Muhith
Finance minister Abul Mal Abdul Muhith on Sunday said the ministry will take actions against the Bangladesh Bank for not informing the government about the $101 million cyber heist.”The central bank has showed audacity as it didn’t timely inform the…
Micromax, once a rising star, struggles
A year ago, Micromax vaulted past Samsung Electronics Co Ltd to become India’s leading smartphone brand. Today, its market share has nearly halved, several top executives have resigned, and the company is looking for growth outside India. In Micromax’s slide…
IBBL service centre inaugurated at Banosree in capital
Islami Bank Bangladesh Limited opened service center ‘Seba Ghor’ at South Banosree, Dhaka on March 12, 2016. Engr. Md. Eskander Ali Khan, Chairman, Executive Committee, inaugurated the center as chief guest while Muhammad Abul Bashar, Deputy Managing Director, was present…
‘Malware suspected in BB fund hacking’
Investigators suspect unknown hackers managed to install malware in the Bangladesh central bank’s computer systems and watched, probably for weeks, how to go about withdrawing money from its U.S. account, two bank officials briefed on the matter said on Friday.…
FireEye to help probe Bangladesh Bank fund hacking
FireEye Inc’s Mandiant forensics division is helping investigate a cyber heist at Bangladesh’s central bank last month that netted more than $80 million, people familiar with the matter told Reuters on Thursday. The two sources said Silicon Valley-based FireEye, which…
Govt plans to tap marine resources with China’s help
The government has decided to identify prospective areas and framework of cooperation with China to make sure the optimum utilisation of marine resources in the Bay of Bengal.Another decision has also been taken to gear up activities for signing a…
New Year sees turbulent start to financial markets
Geneva (Kanaga Raja) — The uneasy calm that had reigned in the financial markets in late 2015 gave way to a turbulent start this year, witnessing one of the worst stock market sell-offs since the 2008 financial crisis, the Bank…