Mutual Trust Bank has recently become the third Bangladeshi bank to receive the certificate for complying with the payment card industry data security standard (PCI DSS) set by Visa, MasterCard, Discover Financial Services, JCB International and American Express.

Bangladesh is progressively becoming an important market for the US’s tree nuts, mainly almond, thanks to the country’s rising income and expanding food and beverage industry, said a report by the US Department of Agriculture (USDA). “Consumers’ attitude towards nut consumption

The Bangladesh Financial Intelligence Unit (BFIU) yesterday instructed mobile financial service (MFS) providers to inform it of suspicious transactions with a view to reining in “digital hundi” ahead of Eid-ul-Fitr.

The government mulls over increasing the cash incentive for exports by one percentage point as it looks to motivate exporters to leverage the sudden opportunities presented by the US-China trade war. Currently, 26 sectors are provided with cash incentives ranging from 2 percent to 20 percent of their export

Eastern Bank Limited (EBL) has reappointed its managing director and CEO, Ali Reza Iftekhar, for three years.

The government will use some 10,000 people through third-party sources to widen the tax net to upazila level by this year.

The telecom regulator is yet to appoint auditors to conduct financial and technical inspection of Banglalink and Airtel’s system even though the formal process has started more than a year and a half ago due to irregularities within the institution itself. The Bangladesh Telecommunication Regulatory Commission (BTRC)

The government has all on a sudden stepped up its borrowing from the banking system from this month as its revenue collection fell short of expectations, sending the cash-strapped banks into a state of panic. Until the end of April, the government did not borrow from banks

The High Court has halted the privilege of loan defaulters to secure further loans by giving a 2 per cent down payment until June 23.

Banks and financial institutions who failed to lower their interest rates to 9 per cent will not get government’s annual development programme fund.

Pubali Bank recently saw the unanimous election of Azizul Huq, founder CEO of Islami Bank Bangladesh, Social Investment Bank and Islamic Finance and Investment, as chairman during a board meeting.

Banks should develop data banks on their own in order to prevent billions of dollars from being siphoned out of Bangladesh through trade-based money laundering, a study recommended.

The head of the Bangladesh Securities and Exchange Commission (BSEC) has expressed helplessness regarding the bearish run of the market, blaming the higher interest rate on savings certificates and bank deposits for the slump. “What can the commission do if the bank deposit

Apparel exports to the US, Bangladesh’s single largest export destination, jumped 15.57 percent to $1.63 billion in the first three months of the year, which the exporters and experts attributed to the ongoing trade war between the US and China. Ready made garments was not in the list of the items

Revenue collection is poised to fall short of target by a big margin this fiscal year, with receipts growing the lowest in five years in the first nine months due to sluggish collection of customs tariff and value-added tax. Between July last year and March this year, the National Board of Revenue

Insanity is doing the same thing over and over again and expecting different results, the influen-tial physicist Albert Einstein once said. And this quote comes to mind when one glances through the Bangladesh Bank’s latest policy for defaulters. Issued on May 16, the notice is an extended

Beximco’s direct-to-home (DTH) satellite service venture Akash is set to go on air on Sunday with the company offering one-month free subscription for a limited period to lure people into the new way of watching TV. Beximco will be providing the DTH service by taking connection from the Bangabandhu Satellite 1

The central bank has widened banks’ scope to invest in the stock market and infrastructural fund as the government looks to put a pause on the longer than usual bear run. The DSEX, the benchmark index of the premier bourse, lost 774.55 points, or 13.07 percent, in the last three months.

Shariah-based banks’ net profit margin declined to 2.2 percent in 2018 from 3 percent a year earlier at a time when the banking sector’s rose, found a recent study. The banking sector’s net profit margin improved to 3 percent from 2 percent last year, according to the study titled “Islamic Banking Operation of Banks-2018”.

The country has to count more than Tk 9,000 crore a year because of its heavy dependence on cash, necessity to move towards a cashless society. The maintenance cost of the printed money is nearly 0.50 percent of the country’s GDP, Central bank report styled ‘Reducing the Cash Transaction’.