AIIB lends $120m for Ctg power system upgrade

The Asian Infrastructure Investment Bank (AIIB) has approved a loan of $120 million for a project that will upgrade and expand the power transmission system in Chittagong.
28 March 2019

Locally assembled Samsung handsets bearing fruit

The local assembly of handsets by Samsung is already bearing fruit as their quality in some cases is better than the imported ones and the prices are also low, said Muyeedur Rahman, head of mobile at Samsung Mobile Bangladesh.
27 March 2019

Regent Airways offers up to 20pc discount in air tickets for 16th int’l tourism fair

Regent Airways, a renowned private airline of Bangladesh, offers up to 20 percent discount on prices of tickets of all domestic and international routes excluding Doha and Muskat in the 16th International Tourism Fair of Dhaka Travel Mart (DTM).
22 March 2019

Loan rescheduling hits peak

Banks have rescheduled a record amount of default loans last year, fuelling further fears of the sector's health.
20 March 2019

Mobile assembly gathers pace

Three more local companies are in the process of rolling out their mobile assembling plants as astute players look to exploit the 14 percentage points of tax benefit being offered to log in higher sales.
19 March 2019

Grameenphone restrictions go

The telecom regulator yesterday lifted the four restrictions it had imposed on Grameenphone after the penalties were challenged in the High Court.
19 March 2019

GDP growth 8.13%, breaks previous records: Minister

Bangladesh's economy has grown 8.13 per cent this fiscal year, the highest in its history, says Finance Minister AHM Mustafa Kamal while releasing a provisional estimate.
19 March 2019

Dial 100 to lodge complaint against mobile operators

Bangladesh Telecommunication Regulatory Commission (BTRC) urges all the telecom users to lodge any complaints regarding the operators' services by calling its short code 100.
18 March 2019

BDCOM to launch IPTV on Pohela Boishakh

A private company declares to launch state of the art IPTV (Internet Protocol television) service in the country as the first company from Pohela Boishakh, first day of the first day of Bengali calendar.
18 March 2019

Cyber Heist: RCBC files defamation case against Bangladesh Bank

Philippine’s Rizal Commercial Banking Corporation says it filed a defamation suit against the central bank of Bangladesh for “baseless allegation” in connection with the $81-million cyber heist three years ago.
12 March 2019

ACC files plea challenging Farmers Bank MD’s bail

The Anti-Corruption Commission (ACC) challenges the February 13 order of a metropolitan magistrate that granted bail to former Farmers Bank Managing Director and CEO, Chowdhury Mustaque Ahmed in a case filed over embezzling Tk 29 crore from the bank.
11 March 2019

Prime Bank, JCB launch platinum credit card

A platinum credit card was launched in Bangladesh yesterday through a partnership between Prime Bank and international payment channel Japan Credit Bureau (JCB) Co for the first time.
10 March 2019

Banks get six months more to lower ADR

Banks have got another six months to lower their advance-deposit ratio, a move that is expected to tame the current volatility in the money market.
7 March 2019

Mobile, Internet Use: Women far behind men

Some 58 percent of adult women in Bangladesh own mobile phones while only 13 percent use the internet, a new study found, exposing the wide gender gap in the digital sphere.
7 March 2019

Default loans soar 26pc

Default loans at banks went up by a hefty 26.38 percent or Tk 19,608 crore last year, the highest rise in seven years, exposing the precarious condition of the banking sector.
26 February 2019

Robi returns to profit after 2yrs

Robi ended 2018 on a positive note despite incurring huge losses in the last quarter, logging in Tk 214.7 crore in net profits on the
23 February 2019

Banks' CSR spending soars despite lower profits

Banks' spending on corporate social responsibility shot up last year, even overshooting the regulatory ceiling -- at a time when they logged in lower profits for higher provisioning needs from the mounting default loans.
21 February 2019

Graft Case: Six former bank officials sent to jail

Six former officials of Bangladesh Krishi Bank Limited were sent to jail yesterday in connection with a graft case.
20 February 2019

CID probe on, Farashuddin report can't be disclosed

The government cannot disclose the Farashuddin-led committee's investigation report on Bangladesh Bank reserve heist so that probe by the Criminal Investigation Department is not “influenced”, Finance Minister AHM Mustafa Kamal told parliament last night.
19 February 2019

Vietnamese mangoes to be exported to US

After 10 years of negotiations, Vietnamese mangoes have been licensed for export to the US.
19 February 2019