Ministry to ask BB to start making refunds

The commerce ministry would ask Bangladesh Bank to start providing customers with refunds of advance payments that were made to e-commerce firms but got stuck with payment gateways for non-delivery of goods, said a senior official yesterday.
2 December 2021

Banks and NBFIs, a doorway to home

Most people, especially those from the middle and lower-income brackets, usually choose to buy a ready apartment or flat rather than build their own home.
2 December 2021

Stocks climb on govt move to end BB-BSEC row

Stocks gained yesterday on the back of an increased participation of investors as expectations grew that the government’s move to resolve the disputes between the Bangladesh Bank and the capital market regulator would yield better outcome.
2 December 2021

Oceangoing ships now at record 80

Bangladesh now has a fleet of 80 oceangoing vessels, a record high since the country’s independence.
2 December 2021

Exports surge in Nov, fetch another $4b

Bangladesh’s exports surged in November as it raked in $4.04 billion, reflecting the strong demand for apparels from the country following reopening of US and European economies from the severe fallout of Covid-19, official figures showed yesterday.
2 December 2021

Stocks continue to rise

Stocks gained today, buoyed by increased participation of investors on expectations that the finance ministry’s move to resolve the disputes between the central bank and the capital market regulator would bring better outcome.
2 December 2021

Alesha Mart announces closure of official activities

E-commerce platform Alesha Mart has shut all of its official activities temporary from today.
2 December 2021

EBL clinches The Banker’s ‘Bank of the Year 2021’ award

Eastern Bank Ltd (EBL) yesterday won the title of ‘Bank of the Year 2021’ in Bangladesh awarded by London-based magazine The Banker.
1 December 2021

Standard Chartered Bangladesh gets three

Standard Chartered Bangladesh has won three awards at the “Mastercard Excellence Award 2021” held recently in Dhaka.
1 December 2021

Steps against money launderers to be made public soon

Finance Minister AHM Mustafa Kamal yesterday said the media would soon be informed about measures the government has taken against culprits who laundered money abroad in the past two to three years.
1 December 2021

BB refutes BSEC statement

Bangladesh Bank yesterday refuted the Bangladesh Securities and Exchange Commission’s (BSEC) statement on Tuesday that two issues on which the two regulators had a dispute on had been resolved through a meeting that day.
1 December 2021

Govt support was scarce considering Covid fallout

The government support extended to ordinary people amid the ongoing coronavirus pandemic was insufficient to sustain their livelihoods and contribution to the overall economy, a noted economist said yesterday.
1 December 2021

Digitalisation not contributing much to GDP growth: study

Increasing digitalisation and tele-density has contributed to the country’s economic growth but it has not been as significant as in countries like India, said a study unveiled yesterday.
1 December 2021

There’s still space for raising public debt

Bangladesh’s current debt to gross domestic product (GDP) ratio of 40.7 per cent is still sustainable and there is space for increasing public debt.
1 December 2021

Stocks bounce back on optimism

Bangladesh stocks bounced back yesterday following Tuesday’s big sell-off after a statement came from the Bangladesh Securities and Exchange Commission (BSEC) on the outcome of its meeting with Bangladesh Bank.
1 December 2021

SMEs and technology were game changers for IPDC

IPDC Finance has recovered from a sinking position to become one of the best non-bank financial institutions (NBFIs) in Bangladesh by shifting its focus to untapped sectors, according to the company’s Managing Director Mominul Islam.
1 December 2021

ICT Adviser Joy to inaugurate 5G on Dec 12

Sajeeb Ahmed Wazed, the prime minister’s ICT affairs adviser, will inaugurate 5G services on December 12.
1 December 2021

Unique BINs for e-commerce this month

Every e-commerce and F-commerce company in Bangladesh will soon have to apply for a Unique Business Identification Number (UBIN) from the Digital Commerce Cell (DCC) as the commerce ministry is set to launch the registration from this month.
1 December 2021

Remittance slides to 18-month low

The flow of remittance to Bangladesh fell sharply in November as the country’s expatriates continue to prefer informal channels for sending their money.
1 December 2021

BB refutes BSEC statement on disputed issues

Bangladesh Bank today refuted the Bangladesh Securities and Exchange Commission’s (BSEC) statement on Tuesday that two issues on which the two regulators had a dispute on had been resolved through a meeting that day.
1 December 2021