High level of default loans, failure to implement banking regulations, and limited autonomy for the Bangladesh Bank are the major challenges facing the banking sector today. 

Bank Asia entered into a partnership with Inpay A/S (Eurogiro) for cross-border remittance payment, according to a press release.

Stocks of Bangladesh Submarine Cable Company Ltd (BSCCL) jumped yesterday after the state-run enterprise announced that it is going to issue shares to the government against its investment at a market price instead of face value.

The country’s northwestern region, which emerged as a tea producing zone in recent years, is expected to register record production of tea in 2021 thanks to favourable weather and growing interest among locals seeking to profit from rising internal consumption of tea.

The government is going to build a 660-megawatt gas or liquified natural gas-based power plant in Mirsarai of Chattogram.

Sales of sport utility vehicles (SUV) and luxury cars grew at an annual average of 39 per cent in Bangladesh in the past decade as more people, armed with rising income, are buying automobiles in higher numbers.

A breakthrough has apparently come about in the discord between Bangladesh Bank and the Bangladesh Securities and Exchange Commission (BSEC), with both reaching common grounds over perpetual bonds.

There will be no outdoor event to welcome the new year 2022 in Cox's Bazar.

The Bangladesh Bank yesterday said current, savings and special notice deposit (SND) accounts would become inoperative if clients don’t carry out any transaction for six months in a row.

The Women Entrepreneurs Association of Bangladesh (WEAB) and Standard Chartered yesterday signed a memorandum of understanding (MoU) at the bank’s head office in Dhaka to facilitate access to financial services for women entrepreneurs.

Businesses went through an unprecedented rollercoaster ride in 2021. The year had started on a rather positive note as the coronavirus infection rate in Bangladesh remarkably came down to below 5 per cent.

Bangladesh lags far behind in financial inclusion as nearly half of its adult population still remains unbanked.

The commerce ministry yesterday sought the full list of the customers and merchants from Qcoom.com as it looks to refund the victims of e-commerce fraudulent activities from the money stuck up with Foster Payments.

The government yesterday extended by two years the contract keeping Abu Hena Md Rahmatul Muneem as senior secretary and chairman of the National Board of Revenue (NBR), according to a public administration ministry notification.

The Bangladesh Bank yesterday decided not to extend the tenure of the current relaxed policy on loan classification despite pleas from the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).

Stocks listed on the Dhaka bourse rallied for a second day yesterday as the market continued to rebound from a losing streak.

Al Hossain Chisty, a client of a private commercial bank, tried to talk to the bank’s call centre executives to get some explanation about statement related to his credit card.

More  than 8.5 lakh people who want to go abroad for jobs have registered  with the Bureau of Manpower, Employment and Training (BMET) through its  Ami Probashi app within six months of its launch.

More than 8.5 lakh people who want to go abroad for jobs have registered with the Bureau of Manpower, Employment and Training (BMET) through its Ami Probashi app within six months of its launch.

The Dhaka bourse rose for the second consecutive day today as the market continued to rebound from a three-day losing streak.