When the construction of the Padma Bridge was finally completed in 2022, Sheikh Hasina and her cronies gloated that they had shown the world that Bangladesh can build a bridge with its own money.  Indeed, the bridge was almost entirely self-financed, though the construction cost was highly inflated. But this encouraged Hasina to make even…

President Mohammad Shahahuddin has said he has no documentary proof of the resignation of ousted Bangladesh prime minister Sheikh Hasina.  “I have heard that she has resigned. However, I do not have any documentary proof. Despite trying hard, I couldn’t obtain it,” he told Manab Zamin Chief Editor Matiur Rahman Chowdhury, who met the president…

The advisory council has given the final approval in principle to the draft of the Interim Government Ordinance, 2024. This approval was given during a meeting of the Advisory Council held on Thursday (19 September), presided over by Chief Adviser Prof Muhammad Yunus, said a press release. According to the press release from the Cabinet…

It may seem that detained tycoon Salman F Rahman’s flagship company, Beximco Limited, which primarily operates in textiles, discovered Aladdin’s lamp in 2021-22, with revenue skyrocketing from Tk1,982 crore to Tk7,336 crore in just two years.  In that year, Beximco launched the first Sukuk bond—an Islamic asset-backed borrowing instrument—to finance its 200MW Teesta Solar Power…

The World Bank (WB) is ready to be a part of key economic reforms of the interim government, a visiting top official of the multilateral lender said on Thursday. Martin Raiser, a vice president (VP) of the World Bank, made the comments after meeting Chief Adviser (CA) Professor Muhammad Yunus at his Tejgaon office in…