Britain’s smaller banks wallow in giants’ shadow

Computer meltdowns. Unexplained holes in accounting. Personnel management scandals.
9 June 2019, 18:00 PM

Containers pile up at Ctg port

Import-laden containers are piling up at Chattogram port mainly due to slow delivery as operations of factories and vehicular movement are yet to return to normalcy following the Eid vacation.
9 June 2019, 18:00 PM

Gold import cost to drop under baggage rules

The government may relax the baggage rules from next fiscal year to facilitate travellers to bring in gold bars and jewellery through the formal channel as it looks to curb smuggling.
9 June 2019, 18:00 PM

RBI relaxes stressed asset guidelines for lenders

The Reserve Bank of India diluted its guidelines on stressed assets and has now mandated banks to undertake a review of a borrower’s accounts within 30 days of default, according to a circular issued on Friday.
8 June 2019, 18:00 PM

BoE’s Haldane says time nearing for UK rate rise

The Bank of England is approaching the time when it will need to raise interest rates again to keep inflation pressures in check, its chief economist Andy Haldane wrote in an article which pushes back strongly against recent market sentiment.
8 June 2019, 18:00 PM

IMF’s Lagarde highlights potential disruptive nature of fintech

International Monetary Fund Managing Director Christine Lagarde warned on Saturday that the increasing presence of technology giants using big data and artificial intelligence could cause a significant disruption to the world’s financial system.
8 June 2019, 18:00 PM

Europe’s 5G to cost $62b more if Chinese vendors banned: telcos

A ban on buying telecoms equipment from Chinese firms would add about 55 billion euros ($62 billion) to the cost of 5G networks in Europe and delay the technology by about 18 months, according to an industry analysis seen by Reuters.
8 June 2019, 18:00 PM

Cash incentive inadequate

The government’s proposal to increase cash incentive by one percentage point for exporters is insufficient to jumpstart shipments from many sectors, said leaders of different trade bodies.
8 June 2019, 18:00 PM

Sluggish deposit growth poses stability risks: BB

The continued slowdown in deposit growth can go on to raise concerns of stability of the banking sector, said a Bangladesh Bank report -- in a pressing call to the government to cut down the interest rate on national savings certificates.
8 June 2019, 18:00 PM

Banks should be setting interest rates, not others

Banks should be the only ones setting the interest rates as they offer loans at rates that are based on factors like cost of funds, credit worthiness of a customer and the prevailing market condition, said AKM Shaheed Reza, chairman of Mercantile Bank.
1 June 2019, 18:00 PM

Tk 60,000cr for interest payment

The government’s interest burden is likely to get heavier in the upcoming fiscal year thanks to its excessive reliance on high-cost national savings certificates to fund its expenditures.
1 June 2019, 18:00 PM

BB steps in to ease Eid liquidity crunch

The central bank yesterday injected Tk 2,300 crore into the money market to ease liquidity crunch in the banking sector amid the cash withdrawal spree in the lead up to Eid.
30 May 2019, 18:00 PM

Belt and Road Initiative and what’s in it for Bangladesh

The second Belt and Road Forum (BRF) was recently held in Beijing. This is the second time the forum took stock and set the pathways for future endeavours of the Belt and Road Initiative (BRI) since this major initiative was launched in 2013.
29 May 2019, 18:00 PM

UCB gets new AMD

Syed Faridul Islam has recently joined United Commercial Bank (UCB) as additional managing director.
29 May 2019, 18:00 PM

Bank Asia gets new audit committee chairman

Dilwar H Choudhury has recently been elected chairman of the audit committee of the board of directors of Bank Asia.
29 May 2019, 18:00 PM

Govt to inject another Tk 1,500cr

State banks can keep on expecting to be coddled despite their continued financial irregularities and irresponsible lending practices, with the government looking to inject Tk 1,500 crore in the upcoming fiscal year to help the lenders meet their capital shortfall.
28 May 2019, 18:00 PM

Ninh Binh: A place for all seasons in Vietnam

Ninh Binh is one of the most spectacular places on earth to visit.
26 May 2019, 04:30 AM

Ctg customs badly understaffed

Most officials at Customs House Chattogram are not only performing their designated duties but also filling in for vacant posts for an acute shortage of workforce.
25 May 2019, 18:00 PM

Bank Asia elects vice chairman

Romo Rouf Chowdhury has recently been elected vice chairman of Bank Asia. The election took place at a meeting of the bank’s board of directors, says a statement. Chowdhury is one of the sponsor shareholders as well as sponsor directors of Bank Asia. He holds directorship of various sister concerns of Rangs Group and Sea Fishers Group.
23 May 2019, 18:00 PM

BTRC to hear users’ complaints

Bangladesh Telecommunication Regulatory Commission (BTRC) is going to organise a second public hearing on June 13 to directly hear from citizens their experiences on service quality of the telecom industry. The telecom regulator decided on it in a recent meeting
23 May 2019, 18:00 PM