Banks can't take fees from job applicants

Bangladesh Bank yesterday directed all banks not to take any fee in the form of pay orders or bank drafts from job applicants.
29 December 2015

Mobile top-up capped at Tk 500 a day

The telecom regulator has capped top-ups for prepaid mobile connections to Tk 500 per day, much to the exasperation of operators.
29 December 2015

Two banks, steelmaker to raise Tk 895cr in bonds

Bangladesh Securities and Exchange Commission or BSEC yesterday allowed two banks and a steelmaker to raise Tk 895 crore by issuing bonds.
28 December 2015

India's bank for rural poor is growing fast: top official

A bank targeting the rural poor has recently started its journey in India and has so far managed almost 100 percent loan recovery rate.
28 December 2015

Banglalink yet to refund users of unapproved package: BTRC

Banglalink is yet to refund a large chunk of the Tk 9.35 crore it earned from the unapproved Nababi Call Rate package it ran in 2011, having properly disbursed Tk 4.40 crore of the amount till date, the telecom regulator said.
28 December 2015

2015: A bumpy year for banks

Banks saw less profit in 2015 owing to low credit demand, cautious lending policy and the sluggish business environment.
28 December 2015

Facebook ban took toll on mobile internet

Mobile internet usage plummeted last month on the back of the government's 22-day ban on Facebook and other social networks for
22 December 2015

BB eases rules for banks' investment in stocks

Bangladesh Bank has relaxed the rules related to banks' investment in stocks in a move that analysts say would boost the ailing market.
20 December 2015

Robi to borrow $99m from IFC for expansion

Robi plans to borrow $99 million from the International Finance Corporation (IFC), a member of the World Bank Group, to expand its 3G
19 December 2015

Skilled workforce key to driving digital growth

Skilled workforce and a more conducive regulatory environment are crucial to driving the digital growth in Bangladesh, said Carrie
16 December 2015

WB, Bangladesh on track to solid partnership

A strong partnership could be developed between the World Bank and Bangladesh following the country's recent graduation to the lower middle-income bracket, the chief economist of the multilateral lender said yesterday.
14 December 2015

BASIC fires four bankers for scam

Scam-hit BASIC Bank has dismissed four of its top officials on grounds of financial irregularities.
9 December 2015

WB chief economist to visit Dhaka next week

World Bank Chief Economist Kaushik Basu arrived in Dhaka yesterday at the invitation of Bangladesh Bank.
7 December 2015

BTCL hikes incoming call rate

State-owned BTCL's incoming call volume dropped after it increased the international call termination rate to 2 cents per minute from 1.5
3 December 2015

StanChart poised for next phase of growth

STANDARD Chartered is investing in new technologies to meet customers' appetite for digital services and gain a strong footing in a rapidly changing world, said a top executive.
2 December 2015

Outlaw killed by rivals

An activist of outlawed Purbo Banglar Communist Party (ML) was killed in a gunfight with his rivals at Ranigati village in
2 December 2015

Novoair starts flight to Yangon

Novoair yesterday started an international flight to Yangon in Myanmar.
1 December 2015

Bharti Airtel plans $9b investment to upgrade India phone network

India's biggest telecommunications carrier, Bharti Airtel Ltd, will invest 600 billion rupees ($8.98 billion) over three years to upgrade its
30 November 2015

WB finds massive time lag in ADP projects

The World Bank has found that up to 22 percent of the development projects put in the portfolio over the last five years did not have any expenditure for a year or more.
30 November 2015

Bankers asked to help entrepreneurs

Bangladesh Bank Governor Atiur Rahman yesterday advised the bankers to move forward with financial supports to create new entrepreneurs across the country.
25 November 2015