EBL, Mihin Lanka offer free stay in Colombo

Eastern Bank has teamed up with Mihin Lanka Airlines to offer the bank's cardholders a three-night complimentary stay at a hotel in Sri Lanka.
5 March 2015

BB warns non-banks against wrongdoings

The central bank yesterday warned the chief executives of non-bank financial institutions not to act irresponsibly and indulge in irregularities.
3 March 2015

Govt to buy rice for Tk 32 a kg

The government is set to buy rice at Tk 32 a kg from the domestic market during the boro season, which is Tk 1 more than the rate offered last season.
3 March 2015

Costly shift to new credit cards will not fix security issues in US

New technology about to be deployed by credit card companies will require US consumers to carry a new kind of card and retailers across the nation to upgrade payment terminals.
3 March 2015

Emerging world drives cheap smartphone boom

Phone and internet firms are rolling out cheaper handsets and may turn to hot-air balloons to boost network coverage in developing countries, where sales of smartphones are booming.
3 March 2015

Telenor to launch cheap data roaming packages

Telenor, the majority shareholder of the country's leading mobile operator Grameenphone, yesterday announced its plan to introduce roaming services at an affordable rate, in a bid to eliminate high and unpredictable costs using mobile services while abroad.
3 March 2015

Barclays bank slides into annual net loss

Barclays fell into a net loss last year, the British bank said Tuesday, hit by huge costs linked to its alleged role in the rigging of foreign exchange markets.
3 March 2015

End unrest to attract more foreign investment

Bangladesh needs to improve its political situation to grab more investment from abroad, said Johannes Matyassy, assistant state secretary of the Federal Department of Foreign Affairs of Switzerland.
1 March 2015

Robi profits surge 20pc

Robi's net profits rose around 20 percent year-on-year to Tk 440 crore in 2014 on the back of attractive customer-centric products and service offerings and effective cost management.
25 February 2015

Turmoil batters car importers

More than 6,000 cars are stranded at ports amid importers' reluctance to take delivery of the vehicles fearing vandalism on way to their final destinations.
18 February 2015

Tk 2,000cr lost in unrest, tour operators say

The tourism sector lost around Tk 2,000 crore due to cancellations of planned tours by foreign travellers amid the drawn-out political violence, according to Tour Operators Association of Bangladesh (TOAB).
18 February 2015

Swiss raid HSBC in money laundering probe

Swiss authorities yesterday raided the offices of British banking giant HSBC's Swiss unit as part of a money laundering probe into the bank that has been accused of helping clients to dodge millions of dollars in taxes.
18 February 2015

Banglalink eyes profit this year

Banglalink, the second largest mobile operator, aims to log profit this year -- for the first time in its history, its chief executive said.
18 February 2015

Foreign private banks plan India headcount boost

Foreign private banks are bulking up in India once again after downsizing in the past few years, anticipating new opportunities to advise
17 February 2015

BB to get names of Bangladeshis in HSBC leaks

The central bank will try to acquire information on the Bangladeshi nationals who held accounts with HSBC's Swiss private banking arm, a top official said yesterday.
10 February 2015

Garment exporters meet today as crisis deepens

With the political crisis deepening, the apparel industry that accounts for 80 percent of the country's total exports is going through a critical phase. Losses are piling up every day due to a decline in orders from international retailers, order cancellation, soaring air freight charges, a production shortfall and higher transportation costs.
10 February 2015

DITF bags higher export orders

Export orders at Dhaka International Trade Fair 2015 rose 18.16 percent to Tk 95.05 crore from the previous year, despite blockades and strikes across the country enforced by the BNP-led alliance since January 6, according to data from the Export Promotion Bureau.
10 February 2015

Turmoil takes steam off solar power project

The much-applauded solar power programme took a hit in January due to the ongoing political unrest, with the installation of solar home systems dropping by around 5 percent from the previous month.
10 February 2015

How to talk to kids about internet safety

Internet has had an undeniably profound and positive impact in Asia, and will continue to do so as the expansion of infrastructure sees a digital future for all in this region.
9 February 2015

Banks' soured loans finally shrink

Banks' default loans dropped 12.45 percent in the last quarter of 2014 after rising in the three previous quarters, much to the relief of the central bank.
9 February 2015