State banks to get Tk 1,700cr to plug capital shortfall

The government will keep an allocation in next year's budget to meet state banks' capital deficit in continuation of a years-long trend
25 May 2017

Export basket should be diversified: analysts

Bangladesh has the potential to export footwear, sportswear, denim products, toys, bags and electronic goods along with garment items, a top banker said yesterday.
24 May 2017

Islami Bank removes Syed Ahsanul as vice chairman

The board of directors of Islami Bank removes Syed Ahsanul Alam, from his post of vice chairman at the bank.
23 May 2017

Interest rates on savings tools may go down

Finance Minister AMA Muhith yesterday hinted at lowering the interest rates on savings instruments as the returns from these tools are
21 May 2017

Business opportunities rising in Bangladesh

Foreign companies should invest in Bangladesh as the opportunities the country offers far outweigh the challenges, said a top banker.
20 May 2017

Citi gets new country officer

N Rajashekaran has recently been appointed as the new country officer of Citi for Bangladesh.
18 May 2017

Telenor shuts down ekhanei.com

Telenor, the parent company of Grameenphone, is winding down ekhanei.com today as it could not transform the online classifieds
16 May 2017

Telenor closes down online platform ekhanei.com in Bangladesh

Telenor, the parent company of market leader mobile operator Grameenphone, is shutting down its online classifieds marketplace ekhanei.com in Bangladesh.
16 May 2017

India's April exports up by 20%

India's exports revival continued for the eighth successive month, recording 19.77 percent growth during April 2017, official data shows.
16 May 2017

Four state banks' Tk 27,700cr loans caught in legal tussle

The credit amounts of the four state banks that are stuck in lawsuits pending with the money loan court rose Tk 5,600 crore in 2016.
15 May 2017

New VAT law would also boost income tax collection

Implementation of the new VAT law would not only help the government to earn more from sales receipts but also from income taxes,
13 May 2017

AB Bank faces fund crisis for bad loans

AB Bank is facing financial crunch after its provision shortfall totalled Tk 1,340 crore at the end of 2016.
10 May 2017

Banks planning to move 9,000 jobs from Britain because of Brexit

The largest global banks in London plan to move about 9,000 jobs to the continent in the next two years, public statements and
8 May 2017

ADB to double lending to Bangladesh

The Asian Development Bank is upscaling its loan portfolio in Bangladesh to nearly double this year, to keep pace with its economy
8 May 2017

4 of a family can be bank directors

The cabinet approves a draft law, which allows four members of a family to be directors of a bank. The existing law permits two members of a family for the director posts. The cabinet today approved the draft law at the weekly cabinet meeting at the Secretariat in Dhaka with Prime Minister Sheikh Hasina in the chair.
8 May 2017

Foley new CEO of Grameenphone

Canadian-born Michael Foley has been appointed as the new chief executive officer (CEO) of Grameenphone, Bangladesh’s largest mobile operator.
8 May 2017

PM enjoys beauty of Cox’s Bazar beach

It is not a photo you see every day! Prime Minister Sheikh Hasina is seen walking along the sea shore barefoot in Inani of Cox’s Bazar.
6 May 2017

PM warns against "yaba smugglers" in Cox's Bazar

Prime Minister Sheikh Hasina issues a strong warning against trading of contraband "yaba tablets" in Cox's Bazar saying drug peddlers would be dealt with severely as they also earned a bad name for this southeastern sea resort district.
6 May 2017

52pc banks in cyber risks

Bangladesh's 52 percent banks ran the risk of information management security breaches in 2016, of which 16 percent were in the
4 May 2017

Many tea workers aren't aware of May Day

Many labourers working at the tea gardens in the country are not aware of the significance or history behind May Day. "Around one lakh out of seven lakh workers at 163 tea gardens aren't aware of the day, they knew the day is a public holiday,"
1 May 2017