Economy

Two foreigners brought $81M into Philippine

  

PNS Desk : Two foreigners had allegedly brought in $81 million funds allegedly stolen from the Bank of Bangldesh into the Philippine financial system, Chinese businessman Kim Wong told the country’s Senate hearing on Tuesday, reports INQUIRER.net.Wong did not immediately name the two foreigners when he faced for the first time at the ongoing Senate blue ribbon committee’s investigation on the controversy but said he would place their names in a sealed envelope with their...

No confusion over hacked money : BB

  

PNS, Economic : Bangladesh Bank spokesman Shuvangkar Saha said that there is no confusion over the money hacked from Bangladesh Bank account in US Federal Reserve Bank. The spokesperson made the comment while addressing newsmen at central bank office in Motijheel on Thursday.He said that many miss instructions were sent to US bank. As a result, the money was transferred following the instructions. "Later, the authority became aware due to security alert and anti money laundering...

A part of hacked Tk800cr recovered: BB

  

PNS, Economic : Bangladesh Bank has said that a part of missing Tk 800 crore has been recovered. The central bank in a press release said that the authority got back a part of the missing money which went to hackers from foreign reserve. The statement signed by General Manager (Protocol) AFM Asaduzzaman at Governor Secretariat of Bangladesh Bank said a part of hacked money has been recovered and financial intelligence unit of central bank is working to get back rest of the money....

Gold prices increase in local market

  

PNS, Economic : Gold prices in the local market have increased by around Tk 1,193 per bhori (11.664 grams) after it became costlier in the international market.Each bhori of 22-carat gold will now cost Tk 46,189 while 21-carat gold will cost Tk 44,089.Bangladesh Jewellers Samity (BAJUS), in a statement on Saturday said the new rate for gold and silver would be effective from Monday.Earlier, the gold price increased on February 4 and February 11.PNS/Md.Saifullah/Mansur

Oil price briefly falls below $30 a barrel

  

PNS Desk : Oil prices have briefly fallen below $30 a barrel on international markets for the first time since April 2004, before recovering again.Brent crude, used as an international benchmark, fell as low as $29.96, but bounced back to trade at $30.22.Oil prices have fallen by 70% in the past 15 months.Earlier, Russia`s Prime Minister, Dmitry Medvedev, warned tumbling oil prices could force his country to revise its 2016 budget.He said that the country must be prepared for...

Gold prices increase in local market

  

PNS : Gold prices in the local market have increased by around Tk 1,225 per bhori (11.664 grams) after it became costlier in the international market. Each gram of 22-carat gold will now cost Tk 3,645 while 21-carat gold will cost Tk 3,465. Bangladesh Jewellers Samity (BAJUS), in a statement on Monday said the new rate for gold and silver would be effective from Wednesday. Earlier, the gold price fell down on December 5 and December 9.PNS/Md.:Saifullah/Mansr

BB asks for bank info of Badal

  

PNS, Economi : Bangladesh Bank (BB) has asked all commercial banks to provide account information of Lutfor Rahman Badal, director of IFIC bank and his 12 institutions within seven days. The step came against Badal within one month after removing him from the board of directors of IFIC bank. Financial Intelligence Unit of Bangladesh Bank (BFIU) issued notices to all directors of commericial bank across the country on Tuesday. The institutions of which information was asked...

Lutfur Rahman removed from IFIC Bank

  

PNS, Economic : Bangladesh Bank (BB), the country’s central bank, has removed Mohammad Lutfar Rahman, from IFIC Bank’s board of directors.Bank governor secretariat`s general manager AFM Asaduzzaman confirmed the removal of Lutfar Rahman to Media. A Bangladesh Bank order to this effect was sent to the IFIC Bank’s chairman and company secretary on Thursday.The stockbroker was the chairman of the private bank’s Executive Committee and Risk Management Committee. Beximco Group’s Vice...

The 21-year-old who built a hotel empire

  

PNS, Desk : One night, 18-year-old Ritesh Agarwal was locked out of his apartment in Delhi. It was an unfortunate minor incident that was to change his life.Forced to check into a hotel he found himself in a situation he had already experienced several times while travelling in India."The receptionist was sleeping," he says."Sockets did not work in the room, mattresses were torn apart, the bathroom was leaking, and at the end they wouldn't let me pay by card.""I felt if this...

Gold prices go on the rise again

  

PNS, Economic : The prices of separate standards of gold have been increased again in Bangladesh.The gold prices will increase by Tk 1,516 per bhori that will be effective from Sunday.Bangladesh Jewellers Samity (BAJUS) authorities have confirmed this to media in a press conference on Saturday.Earlier in July, the gold prices were decreased by Tk 1,500 per bhori.The industry leaders took the decision after the price fall of the yellow precious metal in the global...

Developed by Diligent InfoTech