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.

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

Finance Minister AHM Mustafa Kamal will sit with the chairmen and chief executive officers of the state-owned commercial and specialised banks today to take stock of the overall situation of the financial sector.

Bank Asia’s deposits in agent banking have recently crossed the Tk 1,000 crore mark, further consolidating the bank’s position in the sector.

The central bank has once again instructed banks to lower their lending rate to single digits as per instruction of the government and as committed by the sponsors of the lenders.

Garment exporters yesterday demanded a faster and more efficient service from the customs houses of Dhaka, Chattogram and Benapole ports as some of them are facing troubles in their business operations.

The growing trend of default loans has put an adverse impact on banks’ profitability and their daily operations, said Bangladesh Bank Deputy Governor SM Moniruzzaman yesterday.

Bangladesh Telecommunication Regulatory Commission may withdraw the bandwidth capped on Grameenphone and Robi for the relief of crores of internet users of the two leading mobile phone operators.

Grameenphone raked in Tk 3,603.82 crore in revenue in the April-June period this year, the highest in a single quarter, driven by growth in voice and data usage due to improved network.

Bangladesh needs to sustain higher economic growth and diversify the economy in order to create jobs for a young population, said Kristalina Georgieva, chief executive officer of the World Bank since January 2017.

Seven years ago, Sazia Hasan Izu, a second-year student of home economics from the University of Dhaka, could not have imagined that she was going to shape her profession as a businesswoman by selling her grandmother’s homemade oil for hair fall solution. But

Prime Minister Sheikh Hasina stresses the need for taking prompt measures to make Islamic tourism as a global business brand considering its huge potential since it witnesses 8.3 percent annual growth.

Mastercard has announced the completion of its acquisition of Transfast, a global payments company with significant cross-border network reach.

The tax administration has made it mandatory for both local and foreign firms to use a new form from the current fiscal year while filing returns, which will require companies to disclose more information in detail.

The telecom regulator has refrained from receiving mobile phone operators’ various payments for the April-June quarter after the latter declined to include the associated value-added tax in the sum.

Some 15 banks and non-bank financial institutions (NBFI) that have Tk 850 crore stuck with People’s Leasing Financial Services (PLFS) are on edge over the government’s decision to liquidate the ailing NBFI as they stand to lose a large portion of the sums.

The Bangladesh Bank yesterday assured the depositors of People’s Leasing and Financial Services (PLFS) not to worry about their money as they would be getting it back within the shortest possible time.

Mastercard has announced the completion of the acquisition of Transfast, a global payments company with significant cross-border network reach.

The recently-concluded budget season had to play second fiddle to the cricket season. And why not? Cricket is about passion, budget rarely so. The new finance minister has a foot in both of these worlds holding, as he does, the Comilla Victorians franchise. Mr Mustafa Kamal

HIRING and retaining high-quality people, using a robust risk management system and complying with regulatory requirements are some of the key areas that can help a bank attain a sound financial health, said a top banker.