Bank, fintech collaboration to improve financial services

A strategic partnership of banks, fintech and mobile financial services (MFS) could boost Bangladesh’s banking sector by delivering better, cheaper and more inclusive services, according to the top executives of some lenders in the country.
25 May 2023, 05:00 AM

Ginger retailing fourfold the import price

Chattogram-based Asia Enterprise received a consignment of 59,580 kilogrammes (kg) of fresh ginger through the Cox’s Bazar’s Teknaf land port on May 12.  
25 May 2023, 03:30 AM

Being ethical in an unethical world

In a world blinded by wealth and associated power and fame, ethics are often neglected.
25 May 2023, 03:00 AM

Fiscal policy barely prioritises macroeconomic stability

The fiscal policy for the ongoing fiscal year has shied away from prioritising macroeconomic stability although several key indicators have come under serious stress owing to internal and external factors, said a noted economist.  
25 May 2023, 02:30 AM

Bangladesh leaps to top position in RMG export to EU in volume

Bangladesh secured the top position in garment shipments to the European Union during the January-March period, overtaking China in terms of quantity, as retailers in the trade bloc have started diversifying their sources to reduce overdependence.
25 May 2023, 02:00 AM

Global Insurance’s profit slightly up in 2022

Global Insurance Company Ltd made a Tk 6.61 crore profit in the financial year that ended on December 31, 2022.
24 May 2023, 18:00 PM

Govt to buy soybean oil, sugar for TCB

The government has decided to buy 70 lakh litres of soybean oil from a local company at Tk 183 per litre for the Trading Corporation of Bangladesh and 1.10 crore litres from US-based company Accentuate Technology Inc at Tk 140 per litre. 
24 May 2023, 18:00 PM

Enforcing rules by CEOs may cut banks’ NPLs

Corporate governance and non-performing loans are now the burning issues in the country’s banking sector, said Bangladesh Bank Governor Abdur Rouf Talukder yesterday. 
24 May 2023, 18:00 PM

Hike property tax to curb accumulation of wealth, inequality

An increase in property tax is needed to curb rapid wealth accumulation and rising inequality as the rate in Bangladesh is one of the lowest in the world, said the Centre for Policy Dialogue (CPD) and analysts yesterday.
24 May 2023, 18:00 PM

BBS Cables to supply Tk 106cr cables to DPDC

BBS Cables Limited has been given the task of supplying copper cables worth Tk 106.19 crore to Dhaka Power Distribution Company Limited.
24 May 2023, 18:00 PM

No proposals at RMG wage board’s first meeting

The first meeting of the newly formed wage board for garment workers in Bangladesh yesterday ended without any proposal for structuring the monthly payments of more than four million apparel workers.
24 May 2023, 18:00 PM

Fiscal policy goals remain elusive

Fiscal policy goals set for the current fiscal year have remained elusive as private investment has stagnated, the economic growth has fallen, and inflation has shot up, said a noted economist.
24 May 2023, 03:30 AM

Jiban Bima sees steady growth despite challenges

Jiban Bima Corporation, a state-run life insurance provider in Bangladesh, witnessed steady growth for the past few years as its subscriber base has expanded even though customers lack faith in the industry.
24 May 2023, 03:00 AM

How DBH managed to keep its NPLs so low

While a number of banks and non-bank financial institutions (NBFIs) are struggling to rein in their non-performing loans (NPL), DBH Finance PLC has continued to maintain the lowest NPL to loan ratio in the industry for years. 
24 May 2023, 02:30 AM

Dhaka to get four more 5-star hotels

Dhaka is set to welcome four new five-star rated hotels over the next three years as the growing influx of travellers has heightened the demand for luxury accommodation in Bangladesh.
24 May 2023, 02:00 AM

Pubali Bank, Small World enter into remittance deal

Pubali Bank Limited has signed a remittance collection agreement with Small World Financial Services that provides money transfer services worldwide.
23 May 2023, 18:00 PM

UCB signs deal with Small World

United Commercial Bank yesterday signed a remittance service agreement with Small World Financial Services Group Ltd.
23 May 2023, 18:00 PM

Green Delta Dragon mutual fund gets nod

The Bangladesh Securities and Exchange Commission has given go-ahead to the open-ended mutual fund named Green Delta Dragon Enhanced Blue Chip Growth Fund worth Tk 50 crore.
23 May 2023, 18:00 PM

AB Bank, NRBC Bank get nod to declare stock dividends

AB Bank Ltd and NRB Commercial Bank Limited have received permission from the Bangladesh Securities and Exchange Commission (BSEC) to declare dividends for the financial year that ended on December 31, 2022.    
23 May 2023, 18:00 PM

MoU signed to improve standards of cold storages

The Bangladesh Cold Storage Association (BCSA) has taken an initiative to develop a cold chain management system of global standard in the country.
23 May 2023, 18:00 PM