Private infrastructure investment dips in South Asia: WB

South Asia closed 43 deals in 2015 for a combined total of $5.6 billion, a decline of 82 percent from the five-year average of $30.5
14 June 2016

Mobile number portability this year

The telecom regulator has decided to roll out mobile number portability services this year in an effort to make the market more
14 June 2016

Big plan for mobile apps

The government has taken up a Tk 282-crore project to develop mobile applications for both local and international markets.
14 June 2016

From troubled Pirojpur youth to an adept IT businessman

Ferdous Hossain from Uttar Shankarpasa village in Pirojpur sadar upazila was a meritorious student. In class V, he secured a
13 June 2016

GP breached rules over internet services to Sonali Bank: regulator

Mobile operator Grameenphone has provided internet services to Sonali Bank violating rules, the telecom regulator said yesterday.
13 June 2016

ICB Islamic Bank has no merger plan

Troubled ICB Islamic Bank has no plan to merge or sell on the majority shares owned by Malaysian entrepreneurs despite the bank's struggle to improve its financial indicators since current owners took over in 2008, a top official said.
6 June 2016

GP, Telenor roll out digital health service

Grameenphone and Telenor Health yesterday rolled out a new digital service, Tonic, in Bangladesh to take healthcare services to the
5 June 2016

NY Fed first rejected cyber-heist transfers, then moved $81m

Hours before the Federal Reserve Bank of New York approved four fraudulent requests to send $81 million from a Bangladesh Bank account to cyber thieves, the Fed branch blocked those same requests because they lacked information required to transfer money, according to two people with direct knowledge of the matter.
4 June 2016

SWIFT fights to restore faith after BB heist

The chief executive of secure messaging system SWIFT says the theft of $81 million from Bangladesh's central bank, by criminals sending fraudulent payment instructions via SWIFT, would force the organisation to shrink and review its strategy.
3 June 2016

New StanChart credit card offers savings, cash backs

Standard Chartered launches a new credit card in Bangladesh which will provide customers a host of attractive benefits including savings and cash-backs.
3 June 2016

Proposal to reduce withholding tax rates for real estate sector

With a plan to relieve big cities including Dhaka of the pressure of excessive population, Finance Minister AMA Muhith proposes to reduce withholding tax rates for real estate sector in the 2016-17 fiscal year budget.
2 June 2016

Muhith unveils national budget for FY 2016-17

Finance Minister AMA Muhith has been unveiling Tk 340,605 crore national budget for the fiscal year 2016-17 – what is around 29 percent bigger from the current fiscal year.
2 June 2016

US Congress launches probe into BB heist

A US congressional committee launches a probe into the Federal Reserve Bank of New York's handling of the cyber theft of $81 million from one of its accounts held by the central bank of Bangladesh, according to a letter seen by Reuters.
2 June 2016

Philippines cancels license of remittance firm after BB heist probe

Philippine central bank says it revoked the license of a remittance company that anti-money laundering investigators said was used to transfer some of the $81 million hackers looted from the Bangladesh central bank.
2 June 2016

Rupali Bank recovered Tk 145cr in first five months

Rupali Bank realised Tk 145 crore in first five months of this year against its classified loan which is 72 percent of the bank's target for the whole year set by the finance ministry.
1 June 2016

Robi's net profit slides 57pc in first quarter

Mobile operator Robi's net profit dropped 57.17 percent year-on-year to Tk 39.7 crore in the January-March period, the lowest in 11 quarters, as a result of sharp competition and a slowdown for biometric SIM registration.
1 June 2016

Technical glitch: Airtel subscribers suffer

Several lakh Airtel mobile subscribers are facing disruption in their network due to technical glitches at around 1,000 stations of the telecom company in Dhaka and six other districts in the country.
1 June 2016

Brief incoming for blocked SIMs

Subscribers using biometrically unregistered SIM cards will have their outgoing calls blocked after today, while incoming calls are likely to stay active for “a few hours”, according to a top official of a telecom operator.
31 May 2016

Muhith to cut handouts for state banks by half

The allocation for state banks' recapitalisation is set to be slashed by more than half in the forthcoming budget -- the strongest indication yet of the government's intent to crack down on the lenders' errant ways.
30 May 2016

SWIFT, others blamed in full probe of BB heist

A government-formed committee which investigated the US$101 million heist from Bangladesh central bank’s account with Federal Reserve Bank of New York submits its full report to the finance minister. It has found SWIFT and others responsible for the heist.
30 May 2016