Banks’ bad loans surpass Tk 6 lakh crore again
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Graft money used in militancy, says ACC chairman

Fund raised through corruption is used in militancy, Anti-Corruption Commission (ACC) Chairman Iqbal Mahmud says.
24 July 2016

Salman F Rahman reelected as IFIC Bank chairman

Salman F Rahman has recently been reelected as the chairman of IFIC Bank.
20 July 2016

GP ready to offer 4G services

Grameenphone is ready to offer fourth generation (4G) mobile services now, its chief executive said. Rajeev Sethi said they have enabled their 10,026 sites with faster internet (3G) technology and all these sites can provide fourth generation telecom services.
20 July 2016

Janata struggling with restructured large loans

State-owned Janata Bank is struggling to recover the large loans it restructured under a Bangladesh Bank special policy last year.
19 July 2016

Compensation for call drops within same network

Mobile phone users will soon get compensation for call drops that happen when in conversation with subscribers of the same operator.
19 July 2016

GP reports a flat second quarter

Grameenphone's net profit fell about 1 percent to Tk 509 crore in the second quarter of 2016 from a year earlier, due to voluntary retirement spending coupled with an advance fee for settling a claim by the National Board of Revenue.
18 July 2016

BASIC Bank still in financial pain

The financial statements of the troubled state-owned BASIC Bank do not give a “true and fair view” of the institution's health, according
17 July 2016

IMF backs reforms in Philippines after Bangladesh Bank heist

The International Monetary Fund said the unauthorised transfer of $81 million from Bangladesh Bank to entities in the Philippines
17 July 2016

ADB gives $275m to help upgrade Dhaka's water supply

The Asian Development Bank has come up with $275 million in fresh loans for Bangladesh to help improve and expand the water
17 July 2016

Monetary policy to focus on growth momentum

The central bank is set to announce the new monetary policy next week that will aim to maintain the private sector credit growth
17 July 2016

ACC arrests ex-AB Bank DGM for amassing Tk 325cr

Anti-Corruption Commission arrests a general manager of Bangladesh Bank in a case filed over misappropriation of Tk 325 crore back in 2011.
17 July 2016

Bangladesh gets antihacking tips from Philippine experts

Ranking officials of the Bangladeshi Cabinet recently visit the Philippines to learn on industry practices and issues involving cybersecurity.
15 July 2016

Telcos refuse to compensate for call drops

Mobile phone operators are delaying the process of compensating their customers for call drops in a complete disregard for the
14 July 2016

Huawei opens innovation centre in Dhaka

China's telecom equipment vendor Huawei yesterday opened its first Customer Solution Innovation and Integration Experience Centre
14 July 2016

BASIC's newly rescheduled loans already turning bad

As much as Tk 700 crore out of Tk 3,000 crore loans rescheduled by BASIC Bank between 2014 and May 2016 became bad loans again, according to the bank.
13 July 2016

Robi gets first Bangladeshi chief executive

Mobile operator Robi yesterday named Mahtab Uddin Ahmed as its first local chief executive officer and managing director.
13 July 2016

BTRC's revenue to fall short

The telecom regulator is once again set to miss its revenue target by Tk 2,000 crore after it failed to hold a spectrum auction last fiscal year as per their plan.
13 July 2016

Exports hit record

Exports continue to be a beacon of hope for the economy, raking in $34.24 billion in fiscal 2015-16 -- the highest in the country's history.
13 July 2016

Robi-Airtel merger fee set at Tk 100cr

The finance ministry yesterday finalised the fees for the much awaited Robi-Airtel merger at Tk 100 crore, while the charge for each megahertz of spectrum has been fixed at Tk 33.8 crore for the next four years.
13 July 2016

Factory safety group sticks by Bangladesh after attacks

A group of fashion brands and retailers including Gap and Wal Mart working to improve safety in Bangladeshi factories, are still committed to sourcing from the country despite a series of attacks claimed by "Islamist militants".
13 July 2016