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The Directorate of Secondary and Higher Education (DSHE) has submitted the salary proposal for November for MPO-listed teachers and staff of private schools and colleges to the Ministry of Education. According to the Education Management Information System (EMIS) cell, the proposal has also been uploaded to the Integrated Budget and Accounting System (iBAS) of the Ministry of Finance. However, due to the temporary absence of key iBAS technical personnel abroad, the salary disbursement process may face slight delays. Officials expect that teachers and staff will receive their November salaries and allowances between December 8 and 9. Each month, institution heads submit online salary bills, which are verified and coordinated with the Finance Ministry before final approval and bank disbursement. The government has implemented a digital billing and approval system to ensure timely, transparent, and efficient salary processing for MPO-listed teachers and employees.

02 Dec 25 1NOJOR.COM

Bangladesh’s DSHE sends November salary proposal for MPO teachers to ministry with payment expected early December

The 1,320-megawatt Bangladesh-India Maitree Super Thermal Power Plant in Rampal, Bagerhat, achieved a national record by producing 700 million units of electricity in November, meeting 11.5 percent of Bangladesh’s total power demand. The plant’s public relations deputy general manager, Anwarul Azim, confirmed the achievement on December 1, noting that it marks the highest monthly production by any power plant in the country. The record reflects the facility’s industrial efficiency, use of high-quality coal, and effective resource and financial management. Previously, the plant regularly supplied around 600 million units to the national grid. The first 660-megawatt unit began operation in December 2022, and after the second unit came online nearly a year later, the plant reached this record output for the first time in November.

02 Dec 25 1NOJOR.COM

Rampal power plant sets record producing 700 million units meeting 11.5 percent of national demand

Bangladesh Bank has approved the final license for the newly formed 'Combined Islamic Bank', created through the merger of five struggling Islamic banks — First Security Islami Bank, Global Islami Bank, Social Islami Bank, EXIM Bank, and Union Bank. Former senior secretary Dr. Mohammad Ayub Mia has been appointed as the chairman of the new state-owned institution, which is set to begin full operations in early December. The merger was initiated after repeated liquidity support failed to stabilize the financial conditions of the individual banks, whose share prices and net asset values had sharply declined. The new bank will have a paid-up capital of Tk 35,000 crore, with Tk 20,000 crore contributed by the government and Tk 15,000 crore from depositors’ shares. The authorized capital has been set at Tk 40,000 crore. The initiative aims to restore stability and confidence in the country’s Islamic banking sector.

01 Dec 25 1NOJOR.COM

Bangladesh merges five weak Islamic banks into new state-run Combined Islamic Bank led by Ayub Mia

Bangladesh’s stock market experienced a significant downturn on Monday, December 1, marking the second trading day of the week. The Dhaka Stock Exchange (DSE) saw widespread losses across almost all sectors, with the benchmark DSEX index dropping 64 points to close at 4,914. The DSE Shariah Index fell 16 points to 1,028, while the DSE-30 index declined 21 points to 1,895. Out of the traded companies, only 38 gained, 322 declined, and 28 remained unchanged. Trading volume also decreased notably, with total transactions amounting to Tk 415.9 crore, down from Tk 492.54 crore in the previous session. Simtex Industries led in turnover with Tk 22.42 crore, followed by Khan Brothers PP Woven Bag and Dominage Steel Building. The Chittagong Stock Exchange (CSE) mirrored the decline, with 131 companies losing value and total transactions amounting to Tk 3.29 crore. Market analysts attributed the fall to ongoing investor uncertainty and weak buying sentiment.

01 Dec 25 1NOJOR.COM

Bangladesh stock market drops sharply as DSEX loses 64 points and trading volume declines

The Executive Committee of the National Economic Council (ECNEC) has approved 17 development projects worth Tk 15,383.51 crore, including the third revision of the Dhaka Metro Rail Line-6 project. The approval came during a meeting chaired by Chief Adviser and ECNEC Chairperson Dr. Muhammad Yunus at the NEC Conference Room in Sher-e-Bangla Nagar, Dhaka. Of the total cost, Tk 9,451.84 crore will come from government funds, Tk 5,609.70 crore from foreign loans, and Tk 379.31 crore from the implementing agencies’ own funds. The approved projects include sustainable agricultural development in Chattogram, quality potato seed production and distribution, drilling of three gas exploration wells, construction of 1,560 flats for July martyrs’ families in Mirpur, and a 220 MW solar power project in Sonagazi. Other projects cover urban resilience in Narayanganj, autism and NDD services, digital entrepreneurship, and health sector improvements. Two proposed projects were sent for further review.

01 Dec 25 1NOJOR.COM

ECNEC approves 17 major projects worth Tk 15,383 crore including Metro Rail Line-6 revision

According to the latest data from Bangladesh Bank, remittance inflows to Bangladesh surged by 24.6 percent in the first 29 days of November 2024, reaching USD 2.681 billion. During the same period last year, remittance receipts stood at USD 2.152 billion. From July to November 29 of the current fiscal year, expatriate Bangladeshis sent a total of USD 12.83 billion, compared to USD 11.09 billion during the same period of the previous fiscal year. The strong growth in remittance inflows reflects continued resilience among overseas workers and may help strengthen the country’s foreign exchange reserves amid ongoing economic challenges. Economists view this upward trend as a positive sign for Bangladesh’s balance of payments and domestic liquidity conditions.

01 Dec 25 1NOJOR.COM

Bangladesh sees 24.6 percent rise in November remittance inflows reaching 2.68 billion dollars

Bangladesh’s Executive Committee of the National Economic Council (ECNEC) has approved a third revision of the Mass Rapid Transit (MRT) Line-6 project, extending its completion deadline by three years to December 2028. The project, which originally aimed to finish by the end of 2025, will now cost Tk 32,718 crore—Tk 755 crore less than previously estimated. The cost reduction comes mainly from the cancellation of four planned station plazas at Uttara North, Uttara Center, Agargaon, and Motijheel, as well as savings in land acquisition, civil works, and consultancy services. The extension is needed to complete the 1.16-kilometer Motijheel–Kamalapur section. MRT Line-6, Bangladesh’s first metro rail system, currently operates from Uttara to Motijheel. The revised plan also includes increased expenses for salaries, consultancy, and foreign loan interest payments, which rose by Tk 270 crore.

01 Dec 25 1NOJOR.COM

Bangladesh extends MRT Line-6 project to 2028 while reducing total cost by Tk 755 crore

Bangladeshi taxpayers can legally reduce their payable taxes by investing in specific sectors recognized for tax rebate eligibility. According to the National Board of Revenue guidelines, five major investment areas qualify for such benefits: life insurance, provident fund, savings certificates, deposit pension schemes (DPS), and treasury bonds or shares. Life insurance premiums paid under the policyholder’s name are considered eligible investments, while provident fund contributions by both employer and employee also qualify. Savings certificates, issued by the government, offer both high returns and maximum tax rebate opportunities. DPS accounts allow regular monthly deposits that accumulate into a lump sum, which is treated as an investment for tax purposes. Additionally, investments in government treasury bonds and listed company shares are eligible for tax rebates, with treasury bonds capped at BDT 500,000 and no upper limit for share investments. These options provide both financial security and tax-saving opportunities for individuals.

01 Dec 25 1NOJOR.COM

Bangladesh lists five key investment sectors offering legal tax rebate benefits to individual taxpayers

The issue of allowing private companies direct listing on Bangladesh’s stock market has resurfaced amid discussions on the draft Initial Public Offering (IPO) Regulations 2025. Market stakeholders, including the Dhaka Stock Exchange (DSE) and the DSE Brokers Association (DBA), argue that enabling direct listing for large private and multinational firms would increase quality share supply and restore investor confidence. DBA President Saiful Islam proposed a hybrid model allowing company directors to sell part of their shares directly through IPOs to attract more firms to the market. Currently, the Bangladesh Securities and Exchange Commission (BSEC) bans direct listing for private companies, though government firms may do so. BSEC officials clarified that direct listing falls under listing regulations, not IPO rules. Critics recall past controversies, such as the 2009 Summit Group listings that led to market manipulation allegations. Despite concerns, experts stress that new quality listings are vital to overcome the ongoing liquidity and confidence crisis in the capital market, where no new company has been listed for over a year.

01 Dec 25 1NOJOR.COM

Bangladesh renews debate on allowing private companies direct listing to boost stock market liquidity

Bangladesh’s Pay Commission has completed four rounds of consultations with secretaries from all ministries as part of its effort to finalize recommendations for the upcoming ninth pay scale. Over 70 secretaries participated in the meetings, offering practical and realistic suggestions rather than ambitious proposals. The commission also gathered input from more than 250 organizations and through online submissions. Officials stated that reviewing and incorporating these opinions is underway, with more than half of the work already completed. Commission Chairman Zakir Ahmed Khan expressed optimism that the final report could be submitted within the scheduled timeframe, possibly by next month. The new pay scale is expected to emphasize adjustments to the minimum salary structure and grade reclassification. Stakeholders, including the Secretariat Officers and Employees Association, have expressed satisfaction with the commission’s progress and transparency in the decision-making process.

01 Dec 25 1NOJOR.COM

Bangladesh Pay Commission nears finalizing ninth pay scale after extensive consultations with secretaries

The Bangladesh government has announced a Tk 2 per liter increase in the prices of all types of fuel, effective from December 1. The Ministry of Power, Energy and Mineral Resources issued a notification on November 30, stating that the adjustment aligns with the revised automatic pricing formula, which sets fuel prices monthly based on global market fluctuations. Under the new rates, diesel will cost Tk 104 per liter, octane Tk 124, petrol Tk 120, and kerosene Tk 116. The ministry said the revision aims to ensure a stable and affordable fuel supply for consumers while maintaining consistency with international price trends. This marks the latest adjustment under the government’s automated pricing system, introduced to make domestic fuel pricing more responsive to global market changes and reduce subsidy pressures on the national budget.

01 Dec 25 1NOJOR.COM

Bangladesh raises all fuel prices by Tk 2 per liter from December 1 under automatic pricing system

Workers from several factories under NASA Group staged a protest and human chain on Sunday in front of the main gate of the Cumilla Export Processing Zone (EPZ), demanding payment of overdue wages and reinstatement of their jobs. According to protesters, production at NASA Spinning Limited and NASA Spinners began to decline in April 2025, and the factories were fully shut down in September, leaving many workers unpaid for several months. Despite repeated assurances, the company has not provided a clear timeline for settling the dues. A recent company notice issued on November 29 further fueled workers’ anger as it lacked any commitment to payment. BEPZA General Manager Abdullah Al Mahbub urged patience, assuring efforts to resolve the issue, while NASA Group’s Executive Director Major Abdul Hafiz cited financial challenges but promised ongoing efforts to pay workers. The protest ended peacefully under tight security with no reported incidents.

30 Nov 25 1NOJOR.COM

Workers in Cumilla EPZ protest demanding unpaid wages and reopening of NASA Group factories

Mobile Business Community Bangladesh (MBCB), representing smartphone and gadget traders, held a peaceful human chain in Dhaka demanding government dialogue before implementing the National Equipment Identity Register (NEIR). The traders, who claim to control over 70% of the mobile market, argue that the NEIR policy was announced without prior consultation, creating instability and threatening the livelihoods of over two million people linked to around 25,000 businesses. They warned that enforcing NEIR under its current structure could lead to monopolistic control by a few companies, price hikes, and harm to consumers and the digital economy. MBCB proposed several reforms, including canceling mandatory manufacturer agreements, allowing automatic handset registration upon customs clearance, reducing the 57% import duty, and ensuring multi-ministerial oversight of NEIR. They cautioned that failure to engage in discussions before the December 16 launch would trigger a nationwide protest by mobile traders.

30 Nov 25 1NOJOR.COM

Bangladesh mobile traders urge talks before NEIR rollout warning of protests over unfair policy

Bangladesh Bank has granted final approval for the merger of five struggling Islamic banks—First Security Islami Bank, Social Islami Bank, Union Bank, Global Islami Bank, and EXIM Bank—into a new entity named 'Combined Islamic Bank'. The decision, endorsed at the central bank’s board meeting on November 30, marks the official launch of the country’s largest state-owned Islamic bank. The Ministry of Finance had earlier provided preliminary approval on November 9, following which necessary legal and administrative procedures were completed. The new bank’s board will consist of seven members, chaired by Nazma Mobarek, Secretary of the Financial Institutions Division. Independent directors will include professional bankers, accountants, and lawyers. The central bank announced that depositors can withdraw up to 200,000 taka, with small depositors receiving top priority. Detailed policies on interest rates, salary structures, and repayment schemes will be announced soon. The merger aims to stabilize the Islamic banking sector and protect depositors’ interests.

30 Nov 25 1NOJOR.COM

Bangladesh merges five Islamic banks to form state-owned Combined Islamic Bank for sector stability

The Hajj Agencies Association of Bangladesh (HAAB) has urged the government to withdraw the proposed Bangladesh Travel Agency (Registration and Regulation) Ordinance 2025, introduced by the Ministry of Civil Aviation and Tourism. At a press conference in Dhaka, HAAB leaders, including President Syed Golam Sarwar and Secretary General Farid Ahmed Majumdar, argued that the proposed law would severely harm the travel industry. They claimed that over 90% of the country’s 5,946 registered travel agencies rely on inter-agency ticketing, which the new ordinance seeks to ban. According to HAAB, this restriction could force around 5,000 agencies to shut down, affecting nearly 50,000 families dependent on the sector. The association also objected to provisions prohibiting travel agencies from operating recruiting businesses at the same address, saying it would increase operational costs. HAAB called for reconsideration of the ordinance to protect the continuity and stability of the travel and tourism sector, which plays a vital role in supporting remittance inflows and facilitating Hajj and Umrah travel services.

30 Nov 25 1NOJOR.COM

HAAB urges withdrawal of proposed travel agency law fearing closure of 90% agencies in Bangladesh


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