Omera, Beximco to export LPG to India

Two Bangladeshi companies are set to export liquefied petroleum gas (LPG) to the landlocked northeastern states of India. Omera Petroleum and Beximco LPG will export LPG to state-owned Indian Oil Corporation (IOC), which will bottle and sell to consumers.
23 September 2019, 18:00 PM

Facebook unwilling to open office in Dhaka

Facebook has denied to set up any office or install its local service in Bangladesh right now as the market size is not sustainable here enough.
23 September 2019, 14:03 PM

Agrani Bank gets new DMD

Nizam Uddin Chowdhury has recently joined Agrani Bank as the lender’s deputy managing director.
18 September 2019, 18:00 PM

Kamal steps in as mediator

The long drawn-out conflict between the country’s top two mobile operators -- Grameenphone and Robi -- and the telecom regulator over unpaid dues amounting to Tk 13,447 crore is finally heading towards an amicable conclusion after Finance Minister AHM Mustafa Kamal stepped in.
18 September 2019, 18:00 PM

BTRC may face investment arbitration soon

With the serving of show-cause notices on Robi and Grameenphone as to why their licences will not be cancelled for not paying the so-called ‘dues’, the Bangladesh Telecommunication Regulatory Commission (BTRC) has come further closer to facing investment
16 September 2019, 18:00 PM

Telcos’ data revenue surges

Data revenue for the top three mobile phone operators surged 23 percent to Tk 2,862 crore in the first half of the year on the back of fast-expanding 4G coverage.
16 September 2019, 18:00 PM

PM opens Community Bank

Community Bank Bangladesh yesterday began its journey with a view to reaching out the growth centres across the country.
11 September 2019, 18:00 PM

BB to give banks euro loans from reserves

Bangladesh Bank is set to give loans to local banks’ offshore banking units (OBU) to offset the negative returns that it now gets for its liquid euro assets -- a move that can be viewed as making the best out of a bad situation.
11 September 2019, 18:00 PM

Biman to get 4th Dreamliner ‘Rajhangsha’ Thursday

Biman Bangladesh Airlines will get its fourth Boeing 787-8 Dreamliner, last in the row of 10 new aircrafts, on September 12.
9 September 2019, 15:29 PM

WB to help achieve double-digit growth

The World Bank is ready to help Bangladesh increase its growth to double digits and would provide all kinds of support to this end, said Mercy Miyang Tembon, the multilateral lender’s newly-appointed country director for Bangladesh and Bhutan.
5 September 2019, 18:00 PM

Move to revoke GP, Robi’s 2G-3G licences

Grameenphone and Robi’s clash with the telecom regulator became more heated yesterday after they were slapped with show-cause notices enquiring why their 2G and 3G licences should not be cancelled for their failure to pay unpaid dues unearthed by audit.
5 September 2019, 18:00 PM

BTRC issues notice asking why licences of GP, Robi won’t be cancelled

The telecom regulator issues two separate show cause notices to Grameenphone and Robi asking them to reply in 30 days why their licences will not be cancelled despite violating the licensing conditions by not paying the telecom regulator’s ‘dues’.
5 September 2019, 11:39 AM

Banks hardly lend via agent banking

Banks are showing reluctance in lending through the agent banking window based in rural areas despite mobilising large sums through the platform.
1 September 2019, 18:00 PM

Working to bring bank loan interest rate to single digit: PM

Prime Minister Sheikh Hasina has said steps are underway to bring down bank loan interest rate to single digit in all banks, noting that higher interest rate naturally causes loan defaults.
1 September 2019, 11:55 AM

2 new DMDs for Mercantile Bank

Shamim Ahmed and Md Nurul Islam have been promoted to deputy managing director (DMD) of Mercantile Bank.
31 August 2019, 18:00 PM

Robi’s profit dragged down by increased tax

Robi earned Tk 1.2 crore in profit in the second quarter of the year driven by data revenue growth, but the takings were far below what it made in the first quarter.
29 August 2019, 18:00 PM

Glum GP casts shadow on stocks

The Dhaka bourse fell yesterday because of a selling pressure of Grameenphone’s share, as the telecom regulator has threatened to revoke the licence of the largest listed company over unpaid audit claims.
29 August 2019, 18:00 PM

HC refuses to grant bail to Farmers Bank ex-audit chief

The High Court refuses to grant bail to Mahbubul Haque Chisty, former chairman of Farmers Bank audit committee, in a corruption case filed on charge of misappropriating Tk 160 crore of the bank.
29 August 2019, 14:21 PM

Janata Bank gets new chairman

Jamaluddin Ahmed has recently been appointed chairman of Janata Bank.
28 August 2019, 18:00 PM

New DMDs for AB Bank

Mahmudul Alam and Abdur Rahman have recently joined AB Bank as deputy managing directors.
28 August 2019, 18:00 PM