Single VAT rate foolish: Muhith

Finance Minister AMA Muhith yesterday termed “foolish” the single VAT rate prescribed by International Monetary Fund, rowing back
31 December 2017

Forex reserves may come under strain

Bangladesh's external sector is set to pass through turbulence in 2018 given the anticipated surge in food import, petroleum price in
31 December 2017

India likens crypto cash to Ponzi schemes

India warned Friday against investing in cryptocurrencies including bitcoin, likening them to "Ponzi schemes", as it became the latest country to urge caution.
30 December 2017

Finance ministry can't avoid responsibility for banking sector woes

The finance ministry cannot avoid responsibility for the current wobbly state of the banking sector, said Khondkar Ibrahim Khaled, a former deputy governor of the Bangladesh Bank.
30 December 2017

EBL introduces artificial intelligence for faster services

Eastern Bank Ltd has launched the country's first ever artificial intelligence-based chatbot to render faster services to clients, in a
30 December 2017

Govt earns Tk 111cr from land ports: minister

The government earned Tk 111 crore in revenues from the country's land ports this year, much higher from Tk 28 crore in 2009,
30 December 2017

Private sector credit growth hits 19pc

Private sector credit growth continued its ascent in November, crossing the 19 percent-mark last month on the back of banks'
30 December 2017

Banks should manage liquidity with caution

Senior bankers and experts suggest Bangladesh's banks be cautious in liquidity management from the start of 2018 as a majority of
30 December 2017

No relief from high food prices in 2018

Inflation is likely to edge upwards in 2018 upon food price rises, according to economists, in a projection that is bound to cast a gloom upon the low-income families.
30 December 2017

Prime Bank arranges Tk 600cr for BSRM

Prime Bank has recently arranged a syndication loan as lead arranger through raising Tk 600 crore for Bangladesh Steel Re-Rolling Mills
28 December 2017

BB warns against cryptocurrencies

Bangladesh Bank has issued a cautionary notification against settling online transactions in virtual currencies like Bitcoin.
28 December 2017

Lion's share of SME loans goes to traders

As much as 63 percent of the SME loans disbursed in the first nine months of the year went to the trading sector, neglecting the
28 December 2017

Banks' mad rush to secure deposit

Even last month, the interest rate on bank deposit was as low as 5 percent. Then, at the beginning of this month, as if on cue, the rate,
28 December 2017

Fish farming bogged down by losses

Inland fish producers are incurring heavy losses as the market price of fish remains stagnant amid spiralling costs of production.
28 December 2017

City Bank gets $15m from Austrian lender

City Bank has recently arranged a fund of $15 million from a development bank of Austria, to support the growing needs of City's small
28 December 2017

Bank Asia joins Coca-Cola's women empowerment project

Bank Asia recently joined a Coca-Cola Bangladesh project to impart agent banking training among 25 successful women entrepreneurs of Jamalpur in the latter's Bhaluka plant in Mymensingh .
27 December 2017

Industrial default loans soar 30pc

Defaults in the industrial sector soared 30.31 percent at the end of September as large borrowers who enjoyed restructuring facilities under a special Bangladesh Bank scheme in 2015 failed to repay their loans.
27 December 2017

Bacchu's company account under ACC scanner

The Anti-Corruption Commission has started investigations into the financial transaction of an account named Eden Fisharies that is owned by the disgraced former BASIC Bank Chairman Sheikh Abdul Hye Bacchu.
27 December 2017

No cheer for cement industry in 2017

The price hike of raw materials, the depreciation of local currency and intense competition among too many makers have hit the cement industry hard in the outgoing year, market players said.
27 December 2017

NBR honours top taxpayers of tax zone 5

The National Board of Revenue yesterday honoured the top taxpayers for 2016-17 of tax zone 5.
26 December 2017