Shun tax-dodging tendency

Chairman of the National Board of Revenue Mosharraf Hossain Bhuiyan has urged all to shun the “tax-evading tendency” for the sake of the country’s development.
8 October 2019, 18:00 PM

Loan recovery slows in Q2

Banks’ loan recovery momentum slowed down in the second quarter of 2019 as many defaulters showed unwillingness to pay back loans to enjoy the central bank’s relaxed rescheduling facility.
8 October 2019, 18:00 PM

8m came out of poverty in 6yrs: WB

Around eight million people in Bangladesh have come out of poverty between 2010 and 2016, according to the latest poverty assessment report of World Bank.
7 October 2019, 06:28 AM

Audit Claims: GP, Robi challenge legality of BTRC’s show-cause notice

Grameenphone and Robi have challenged the legality of the telecom regulator’s show-cause notice on them asking to reply within 30 days why their licences would not be cancelled for their failure to pay Tk 13,446 crore of dues.
6 October 2019, 18:00 PM

More VAT software makers being listed

The National Board of Revenue’s large taxpayer unit (LTU) has recently asked software companies to get listed with it if they were interested in providing programmes enabling businesses to maintain accounts and keep records of value-added tax (VAT).
5 October 2019, 18:00 PM

EXIM Bank to monitor project implementation

India wants its Exim Bank to monitor the projects it is financing in Bangladesh.
2 October 2019, 18:00 PM

Govt redefines hard term external loans

The government has decided to consider foreign loans as hard-term ones if the grant element is less than 25 percent, down from the 35 percent it currently takes into account, in a reflection of the country’s growing economic power.
2 October 2019, 18:00 PM

Brac Bank to get $30m from British financier

CDC Group, the UK government’s development finance institution, yesterday announced to invest $30 million (over Tk 25 crore) in Bangladesh’s Brac Bank.
1 October 2019, 18:00 PM

New payment app Dmoney launched

Local financial technology service provider Dmoney announces its commercial operation aiming to create a solid position of the digital financial service in the country.
30 September 2019, 09:29 AM

StanChart launches Korea-Bangladesh desk

Standard Chartered Bangladesh (SCB) on Thursday launched the Korea- Bangladesh desk to help Korean businesses invest and operate in Bangladesh. A guidebook titled “Doing business in Bangladesh”, offering information in both Korean and English languages, was also launched at
28 September 2019, 18:00 PM

EBL expands wings to China

Eastern Bank Ltd (EBL), a leading private bank of Bangladesh, will open its first representative office in Guangzhou of China today to explore the growing business opportunities between the two Asian economies.
28 September 2019, 18:00 PM

ICB seeks Tk 1,000cr from BB

The Investment Corporation of Bangladesh has sought Tk 1,000 crore in financial support from Bangladesh Bank on an “emergency basis” to inject liquidity into the ailing capital market as part of its concerted efforts to bring back investor confidence.
28 September 2019, 18:00 PM

Tyre manufacturing awaits a boom with Tk 3,000cr investment

Bangladesh is on the verge of becoming a saturated market in tyre manufacturing by next year with the inclusion of some local and foreign conglomerates in the business. Apex Husain Tyre and Gazi Tyre
28 September 2019, 18:00 PM

US Bangla adds new aircraft to its fleet

US-Bangla Airlines, one of the country’s leading private airlines, adds a brand new aircraft as part of its plan to increase flight frequency on domestic and regional routes.
26 September 2019, 15:18 PM

Govt allows 500 tonnes of hilsa export to India

The government has allowed export of highest 500 tonnes of hilsa to India during Durga Puja.
25 September 2019, 18:00 PM

BTRC may waive GP-Robi’s late fees

The government is considering waiving off the late fees, which made up almost half the Tk 13,447 crore claimed by the telecom regulator as unpaid dues from Grameenphone and Robi, as it engineers a swift end to the drawn-out tussle.
25 September 2019, 18:00 PM

Written-off loans rise in Q2

Loans written off by banks surged 21 percent to Tk 54,463 crore in the second quarter of the year from a quarter ago as the lenders try to clean up balance sheets and paint a rosy picture of their health.
25 September 2019, 18:00 PM

Visa to bring QR payment system

Visa yesterday announced that it would launch an interoperable quick response (QR) payment system in Bangladesh within the next one and a half months as part of efforts to expand its business.
23 September 2019, 18:00 PM

BB move boosts stocks

Stocks jumped up yesterday buoyed by a Bangladesh Bank move that allowed banks to invest in equities by borrowing funds from the banking regulator. On Sunday, the BB announced a liquidity support for banks with a view to ramping up their capacity to invest in the market as part of a
23 September 2019, 18:00 PM

Facebook to appoint local representative within 4-6 weeks

Facebook will appoint a local representative within the next four to six weeks to ensure payment of value-added tax from their advertisement earnings from Bangladesh market, much to the relief of the revenue authority.
23 September 2019, 18:00 PM