UK parliamentary panel questions StanChart’s remuneration policy

The head of the British parliament’s Work and Pensions Committee has written to the chair of Standard Chartered Plc’s remuneration committee questioning the bank’s executive pension pay levels after more than a third of shareholders voted against its directors’ remuneration policy.
22 July 2019, 18:00 PM

Form cells to monitor large default loans

The central bank yesterday asked banks to form a special monitoring cell to keep an eye on defaulters with loans of more than Tk 100 crore.
22 July 2019, 18:00 PM

Licences of 48 ISPs scrapped for dues

The telecom regulator yesterday scrapped licences of 48 internet service providers after they failed to pay renewal fees in time.
22 July 2019, 18:00 PM

BTRC scraps 48 ISP licences for not clearing dues

The telecom regulator scraps licences of 48 internet service providers after they failed to pay their renewal fees in time.
22 July 2019, 14:42 PM

Kamal sits with state banks today

Finance Minister AHM Mustafa Kamal will sit with the chairmen and chief executive officers of the state-owned commercial and specialised banks today to take stock of the overall situation of the financial sector.
21 July 2019, 18:00 PM

Bank Asia’s agent banking deposits cross Tk 1,000cr

Bank Asia’s deposits in agent banking have recently crossed the Tk 1,000 crore mark, further consolidating the bank’s position in the sector.
21 July 2019, 18:00 PM

Lower lending rate to single digits

The central bank has once again instructed banks to lower their lending rate to single digits as per instruction of the government and as committed by the sponsors of the lenders.
21 July 2019, 18:00 PM

Garment exporters call for faster customs service

Garment exporters yesterday demanded a faster and more efficient service from the customs houses of Dhaka, Chattogram and Benapole ports as some of them are facing troubles in their business operations.
18 July 2019, 18:32 PM

Rising default loans affecting banks’ profits

The growing trend of default loans has put an adverse impact on banks’ profitability and their daily operations, said Bangladesh Bank Deputy Governor SM Moniruzzaman yesterday.
17 July 2019, 18:00 PM

BTRC may withdraw block on bandwidth of GP, Robi tomorrow

Bangladesh Telecommunication Regulatory Commission may withdraw the bandwidth capped on Grameenphone and Robi for the relief of crores of internet users of the two leading mobile phone operators.
16 July 2019, 15:51 PM

GP’s profit falls despite record revenue

Grameenphone raked in Tk 3,603.82 crore in revenue in the April-June period this year, the highest in a single quarter, driven by growth in voice and data usage due to improved network.
15 July 2019, 18:00 PM

Lot of success, lot to do

Bangladesh needs to sustain higher economic growth and diversify the economy in order to create jobs for a young population, said Kristalina Georgieva, chief executive officer of the World Bank since January 2017.
15 July 2019, 18:00 PM

Her Business Revolution

Seven years ago, Sazia Hasan Izu, a second-year student of home economics from the University of Dhaka, could not have imagined that she was going to shape her profession as a businesswoman by selling her grandmother’s homemade oil for hair fall solution. But
11 July 2019, 18:00 PM

PM for making Islamic tourism as global brand

Prime Minister Sheikh Hasina stresses the need for taking prompt measures to make Islamic tourism as a global business brand considering its huge potential since it witnesses 8.3 percent annual growth.
11 July 2019, 06:42 AM

Worries among 15 banks, NBFIs over Tk 850cr deposit

Some 15 banks and non-bank financial institutions (NBFI) that have Tk 850 crore stuck with People’s Leasing Financial Services (PLFS) are on edge over the government’s decision to liquidate the ailing NBFI as they stand to lose a large portion of the sums.
10 July 2019, 18:00 PM

Don’t panic

The Bangladesh Bank yesterday assured the depositors of People’s Leasing and Financial Services (PLFS) not to worry about their money as they would be getting it back within the shortest possible time.
10 July 2019, 18:00 PM

Mastercard acquires Transfast to expand payment network

Mastercard has announced the completion of its acquisition of Transfast, a global payments company with significant cross-border network reach.
10 July 2019, 18:00 PM

New tax return form for firms mandatory

The tax administration has made it mandatory for both local and foreign firms to use a new form from the current fiscal year while filing returns, which will require companies to disclose more information in detail.
10 July 2019, 18:00 PM

BTRC refuses to accept operators’ quarterly payment sans VAT

The telecom regulator has refrained from receiving mobile phone operators’ various payments for the April-June quarter after the latter declined to include the associated value-added tax in the sum.
10 July 2019, 18:00 PM

Mastercard acquires Transfast to expand payment network

Mastercard has announced the completion of the acquisition of Transfast, a global payments company with significant cross-border network reach.
10 July 2019, 10:05 AM