Finance Minister AHM Mustafa Kamal is finally cracking the whip on the wayward BASIC Bank, instructing shuttering of all branches that are in the red for three years in a row along with a host of other strict actions.

About four crore people in the country have capacity to pay tax but majority of them do not pay tax on their income, National Board of Revenue (NBR) chairman says.

Mobile handsets with fake International Mobile Equipment Identity (IMEI) numbers will not be able to use Bangladesh’s mobile network after a certain period as the telecom regulator looks to crack down on illegal imports and duty evasion.

Banks’ loan recovery in the first quarter of 2019 was 9.68 percent higher than a year earlier, but given the extraordinary rate at which default loans are increasing it seems below par.

Bangladesh has made substantial progress in achieving price and macroeconomic stability. It has succeeded in maintaining inflation in modest single digits range, while also achieving high growth, due in a significant part to sound macroeconomic management.

Shipments of plastic products rose 22 percent year-on-year to $120 million in fiscal 2018-19, something manufacturers and traders attribute to the emergence of new export destinations.

The government has decided to take a billion-dollar loan from Korean company LG U+ for expanding Teletalk’s network coverage and making the state-run operator’s infrastructure 5G compatible.

Mastercard recently launched a new campaign marking Eid-ul-Azha offering cardholders discounts at electronics and 30 lifestyle merchants.

The telecom regulator has drafted a guideline on landing rights for broadcasting satellite services as the government looks to monetise the country’s lone satellite Bangabandhu-1.

The central bank may set a 1.5 percentage points lower private sector credit growth target for the second half of the year amid the shrinking demand for credit.

Grameenphone yesterday said it would go to courts to bring the Bangladesh Telecommunication Regulatory Commission to table for an arbitration in order to settle the regulator’s claim of Tk 12,580 crore dues.

The Asian Development Bank (ADB) has upgraded Bangladesh’s growth estimate for fiscal 2018-19 to what would be the highest in the Asia Pacific region, in what can be viewed as a thumping endorsement for the economy’s tremendous momentum.

Minister of External Affairs of India Dr S Jaishankar has reiterated India’s strong commitment to continue support to the BIMSTEC process.

Biman Bangladesh Airlines is going to get the third factory fresh Boeing 787-8 Dreamliner to its fleet.

The High Court questions the legality of a Bangladesh Bank circular allowing defaulters to reschedule their loan with a repayment period of up to ten years.

The central bank yesterday asked banks to form a special monitoring cell to keep an eye on defaulters with loans of more than Tk 100 crore.

The telecom regulator yesterday scrapped licences of 48 internet service providers after they failed to pay renewal fees in time.

The telecom regulator will not give any kind of approval to Grameenphone and Robi to roll out new package or service or import network equipment as it looks to pile pressure on the operators to clear their dues, according to a letter issued yesterday.

Exporters will now be able to issue the certificate of origin to enjoy the generalised system of preferences (GSP) facility in the European Union, instead of relying on the Export Promotion Bureau (EPB) for the document.

Finance Minister AHM Mustafa Kamal yesterday said he delivered on his promises he made six months ago that the non-performing loans at the state banks would not go up any longer.