Nation this week
Image: Collected
State broadcaster BTV will broadcast the upcoming FIFA World Cup at a nominal cost after securing the broadcasting rights for Tk 47.25 crore, less than half of what they paid for the 2022 World Cup in Qatar. State Minister for Information and Broadcasting Yasser Khan Choudhury disclosed BTV would not even have to bear the cost from its own funds as its payout has largely been recovered through the sale of rights and advertising opportunities. Khan noted that BTV had spent nearly Tk 100 crore to broadcast the 2022 FIFA World Cup, with the money going to a construction company owned by Jahangir Kabir Nanak, an Awami League leader.
This time, another third party company that had acquired the rights from FIFA initially demanded nearly Tk 200 crore for the broadcasting rights in Bangladesh. The government decided not to proceed with the deal and instead initiated direct negotiations with FIFA. Including VAT and income tax, the total value of the agreement stands at around Tk 64 crore.
Bangladesh Bank once again appointed an observer at Islami Bank Bangladesh PLC amid ongoing unrest at the country's largest private bank, triggered by the banking regulator's appointment of a new chairman for the bank. Bangladesh Bank Executive Director Md Ashraful Alam has been appointed as the observer. Mohammad Shahriar Siddiqui, director and assistant spokesperson of the central bank, said the appointment had been made to closely monitor the bank's overall operations, safeguard the interests of the institution, protect depositors and ensure the greater public interest.
As an observer, Ashraful Alam will participate in meetings of the bank's board of directors and other relevant activities, and provide Bangladesh Bank with necessary information and observations regarding the bank's operations, added Shahriar Siddiqui. On May 24, the eve of the Eid-ul-Azha holiday, Bangladesh Bank appointed Md Khurshid Alam, a former deputy governor, as chairman of Islami Bank PLC, hours after the previous chairman resigned.
The Appellate Division of the Supreme Court stayed a High Court verdict that had restored the Supreme Court's authority over the control and discipline of subordinate courts and ordered the establishment of a separate Supreme Court Secretariat. A four-member bench, headed by Chief Justice Zubayer Rahman Chowdhury, passed the order, staying the High Court verdict until the disposal of the government appeal against the verdict. The apex court also posted for June 16 the hearing of the appeal and asked both sides to submit summaries of their arguments.
On September 2, 2025, the High Court pronounced the verdict asking the government to establish a separate Supreme Court Secretariat in three months. The High Court verdict declared the 4th and 15th amendments to Article 116 of the constitution illegal, restoring the Supreme Court's full control over appointments, promotions, leave, and discipline of lower court judges and magistrates. The court also directed the establishment of an independent Supreme Court Secretariat in three months.
Veon, parent company of telecom operator Banglalink, has shown an interest to invest in Nagad, country's second largest mobile financial service provider. Johan Hendrik Martinus Buse, managing director and CEO of Banglalink, wrote a letter to Rehan Asif Asad, prime minister's adviser for the Ministry of Posts, Telecommunications and Information Technology, expressing as much in March. "Veon has demonstrated a strategic interest in expanding its presence in digital financial services across markets, including Bangladesh. In particular, Nagad represents a significant opportunity given its rapid growth, unique services, and good distribution network," said the letter.
Veon's proposal comes as several other foreign companies-including Malaysia's Axiata, as well as Japanese and South Korean firms-have also expressed interest in investing in or acquiring a stake in Nagad, according to sources. A large customer base and significant transaction volume have made it a lucrative target for both domestic and international investors. However, no company has submitted a formal financial offer so far.


















Leave a Comment
Recent Posts
When push comes to shove
The border between India and Bangladesh, the world’s 6th-longest ...
The leaders of North Korea and ...
The leaders of North Korea and China adopted a "far-reaching blue ...
State broadcaster BTV will broadcast the upcoming FI ..
Beyond Traffic: What Motorised Rickshaws Reveal Abou ..
Congo’s Ebola outbreak rises to over 100 deaths as c ..
Dengue rings alarm amid measles crisis: Is Banglades ..