Tyre manufacturing awaits a boom with Tk 3,000cr investment

Bangladesh is on the verge of becoming a saturated market in tyre manufacturing by next year with the inclusion of some local and foreign conglomerates in the business. Apex Husain Tyre and Gazi Tyre
28 September 2019

US Bangla adds new aircraft to its fleet

US-Bangla Airlines, one of the country’s leading private airlines, adds a brand new aircraft as part of its plan to increase flight frequency on domestic and regional routes.
26 September 2019

Govt allows 500 tonnes of hilsa export to India

The government has allowed export of highest 500 tonnes of hilsa to India during Durga Puja.
25 September 2019

BTRC may waive GP-Robi’s late fees

The government is considering waiving off the late fees, which made up almost half the Tk 13,447 crore claimed by the telecom regulator as unpaid dues from Grameenphone and Robi, as it engineers a swift end to the drawn-out tussle.
25 September 2019

Written-off loans rise in Q2

Loans written off by banks surged 21 percent to Tk 54,463 crore in the second quarter of the year from a quarter ago as the lenders try to clean up balance sheets and paint a rosy picture of their health.
25 September 2019

Omera, Beximco to export LPG to India

Two Bangladeshi companies are set to export liquefied petroleum gas (LPG) to the landlocked northeastern states of India. Omera Petroleum and Beximco LPG will export LPG to state-owned Indian Oil Corporation (IOC), which will bottle and sell to consumers.
23 September 2019

Visa to bring QR payment system

Visa yesterday announced that it would launch an interoperable quick response (QR) payment system in Bangladesh within the next one and a half months as part of efforts to expand its business.
23 September 2019

BB move boosts stocks

Stocks jumped up yesterday buoyed by a Bangladesh Bank move that allowed banks to invest in equities by borrowing funds from the banking regulator. On Sunday, the BB announced a liquidity support for banks with a view to ramping up their capacity to invest in the market as part of a
23 September 2019

Facebook to appoint local representative within 4-6 weeks

Facebook will appoint a local representative within the next four to six weeks to ensure payment of value-added tax from their advertisement earnings from Bangladesh market, much to the relief of the revenue authority.
23 September 2019

Facebook unwilling to open office in Dhaka

Facebook has denied to set up any office or install its local service in Bangladesh right now as the market size is not sustainable here enough.
23 September 2019

Agrani Bank gets new DMD

Nizam Uddin Chowdhury has recently joined Agrani Bank as the lender’s deputy managing director.
18 September 2019

Kamal steps in as mediator

The long drawn-out conflict between the country’s top two mobile operators -- Grameenphone and Robi -- and the telecom regulator over unpaid dues amounting to Tk 13,447 crore is finally heading towards an amicable conclusion after Finance Minister AHM Mustafa Kamal stepped in.
18 September 2019

BTRC may face investment arbitration soon

With the serving of show-cause notices on Robi and Grameenphone as to why their licences will not be cancelled for not paying the so-called ‘dues’, the Bangladesh Telecommunication Regulatory Commission (BTRC) has come further closer to facing investment
16 September 2019

Telcos’ data revenue surges

Data revenue for the top three mobile phone operators surged 23 percent to Tk 2,862 crore in the first half of the year on the back of fast-expanding 4G coverage.
16 September 2019

US imposes sanctions on North Korean hacking groups blamed for global attacks

The US Treasury announces sanctions on three North Korean hacking groups it said were involved in the "WannaCry" ransomware attacks and hacking of international banks and customer accounts.
14 September 2019

PM opens Community Bank

Community Bank Bangladesh yesterday began its journey with a view to reaching out the growth centres across the country.
11 September 2019

BB to give banks euro loans from reserves

Bangladesh Bank is set to give loans to local banks’ offshore banking units (OBU) to offset the negative returns that it now gets for its liquid euro assets -- a move that can be viewed as making the best out of a bad situation.
11 September 2019

Biman to get 4th Dreamliner ‘Rajhangsha’ Thursday

Biman Bangladesh Airlines will get its fourth Boeing 787-8 Dreamliner, last in the row of 10 new aircrafts, on September 12.
9 September 2019

WB to help achieve double-digit growth

The World Bank is ready to help Bangladesh increase its growth to double digits and would provide all kinds of support to this end, said Mercy Miyang Tembon, the multilateral lender’s newly-appointed country director for Bangladesh and Bhutan.
5 September 2019

Move to revoke GP, Robi’s 2G-3G licences

Grameenphone and Robi’s clash with the telecom regulator became more heated yesterday after they were slapped with show-cause notices enquiring why their 2G and 3G licences should not be cancelled for their failure to pay unpaid dues unearthed by audit.
5 September 2019