Insurers also have to take prior regulatory approval for agent training

A lack of rain has cut cane yields in India

FBCCI chief meets US embassy's commercial counselor

Shahir Chowdhury has been selected as one of the Bloomberg's Class of 2023 New Economy Catalysts

Energy Secretary Khairuzzaman Mozumder has been made the new finance secretary, the public administration ministry said in a notice today.

Seven months have passed since the world bid adieu to 2022, but almost half of the listed non-bank financial institutions (NBFIs) in Bangladesh have not published their financial statements for the year, breaching securities rules. 

The government has refixed prices at which it would buy sugarcane from farmers, raising hopes that it would encourage an increase in the crop’s cultivation across the country. 

Square Toiletries Limited has cut the prices on a variety of its products as the related raw materials costs have decreased in the international market.

The internet regulator in Bangladesh is amending a guideline in order to double the duration of storing user data and network usage records by internet service providers (ISPs).

Mercantile Bank Ltd donated agricultural machinery, including power tillers, among farmers at Senbag Upazila Agriculture Office in Noakhali yesterday.

Social Islami Bank Ltd (SIBL) launched an instant tuition fees payment service styled “edupay” at the bank’s head office in Dhaka on Monday.

Southeast Bank Training Institute organised a daylong training programme, styled “Product Knowledge of Retail Loans, Assessment Tools, and Marketing Techniques”, at its office in Dhaka on Monday.

Standard Chartered Bangladesh has partnered with Kumudini Welfare Trust of Bengal (BD) to train and provide employment opportunities for the next generation of nurses of the country.

Bank Asia Limited in association with Bangladesh Bank have organised a certificate awarding ceremony in Cox’s Bazar recently to award 26 SME entrepreneurs, who took part in a monthlong training programme.

S&P Global on Monday cut credit ratings and revised its outlook for multiple US banks, following a similar move by Moody’s, warning that funding risks and weaker profitability will likely test the sector’s credit strength.

LankaBangla Finance Ltd has changed its name to LankaBangla Finance PLC, according to a Bangladesh Bank notice yesterday.

In recent years, Bangladesh has experienced a remarkable transformation in its digital landscape, with the proliferation of e-commerce platforms playing a pivotal role. These platforms not only facilitate online buying and selling but have also emerged as powerful vehicles for providing digital financial services, fostering financial inclusion and uplifting communities.

The National Board of Revenue (NBR), in association with Genex Infosys Limited, will install electronic fiscal devices (EFDs) at retail and wholesale outlets in Bangladesh to improve the collection of value-added tax (VAT) from these sources.

Padma Bank, formerly known as Farmers Bank, is going to get over two years, until April 2028, to clear a Tk 55 crore penalty for its failure to maintain the regulator-stipulated cash reserve ratio (CRR) from 2017 to 2019. 

Bangladesh Bank’s income from foreign currency reserves has gone up 108 percent year-on-year to Tk 6,000 crore in fiscal year 2022-23, as per the central bank’s annual report.