Too many compliance reports raise costs for banks: paper

Commercial banks have to submit scores of reports on compliance -- on average 263 a year -- to the central bank, which a new paper says do not reflect the reality but raise costs for the lenders.
4 October 2018, 18:00 PM

Buy handsets with ease

The telecom regulator has finalised a directive that will soon allow those with no credit card to enjoy equal monthly instalment facility to purchase high-end smartphones from mobile operators.
4 October 2018, 18:00 PM

SIBL gets new AMD

Kazi Towhidul Alam has recently been appointed as the additional managing director of Social Islami Bank Ltd (SIBL).
2 October 2018, 18:00 PM

WB projects 7% growth for Bangladesh in FY19

World Bank has projected a seven per cent growth rate for Bangladesh in the fiscal 2018-19. The report ‘Bangladesh Development Update: Powering the Economic Efficiency’ said Bangladesh’s economy is still one of the fastest growing economies in the developing world.
2 October 2018, 06:31 AM

Now you can use any operator keeping same mobile number

The much-awaited mobile number portability (MNP) service is launched for the first time in Bangladesh. With this Bangladesh becomes the 72nd country to make the service available.
1 October 2018, 05:24 AM

Banks' board meetings should discuss scheduled issues only: BB

Bangladesh Bank yesterday asked banks' directors not to take decisions in the board meetings on topics not included in the agenda of the day.
30 September 2018, 18:00 PM

Telcos spend Tk 104cr on digital marketing

The top three mobile operators spent Tk 104 crore last fiscal year for reaching their target audience through digital platforms, with Facebook being the most popular medium.
30 September 2018, 18:00 PM

The power of SMEs

When you think of starting a business in Bangladesh, you almost immediately think of exploring your options in the garments sector. You might even take the risk of venturing into the food business or any other 'tested and tried' sector that is bound to give an instant reward.
27 September 2018, 18:00 PM

JV to invest Tk 500cr in steel plant

Japan's Nippon Steel has formed a joint venture company with Bangladesh's McDonald Steel Building Products Ltd to set up an import substitute plant in the Mirsarai Economic Zone in Chattogram.
23 September 2018, 18:00 PM

Savings tools once again trump bank products

Savers have started to flock back to savings instruments with net sales hitting a six-month high in July as bank deposit products continue to yield underwhelming returns.
23 September 2018, 18:00 PM

Thai woman claims self defence after biting Indian tourist's lip in Pattaya

An Indian tourist is injured when a Thai woman bit his lip during a street fight on Pattaya's Walking Street, police says.
23 September 2018, 05:43 AM

HSBC felicitates top exporters

HSBC Bangladesh yesterday recognised six exporters for their leadership in promoting the country and contributing to its sustainable growth.
22 September 2018, 18:00 PM

Seven banks in 'red zone'

The central bank is concerned about seven banks, including three state-run lenders, for their deteriorating financial health stemming largely from rising default loans and declining capital and profits.
22 September 2018, 18:00 PM

Midland Bank elects chairman, vice chairman

Lawmaker Nilufer Zafarullah has recently been elected chairman of Midland Bank.
19 September 2018, 18:00 PM

DBBL awards scholarships to 3,031 students

Dutch-Bangla Bank Ltd (DBBL) yesterday awarded scholarships to 3,031 meritorious and unprivileged students who passed SSC and equivalent examinations this year and are now studying at the higher secondary level.
15 September 2018, 18:00 PM

Defaulted Loans: 5 state-run banks hold nearly 43pc

Bad loans at five state-owned banks totalled Tk 56,283 crore as of June, Finance Minister AMA Muhith told parliament yesterday.
12 September 2018, 18:00 PM

13 banks face Tk 10,971cr provision deficit

Thirteen banks faced a combined provisioning shortfall of Tk 10,971 crore in the second quarter of 2018 which not only exposed their worsening financial health but also raised the possibility of lending rate hike.
11 September 2018, 18:00 PM

Banking loopholes limit potential of stockmarket

Bangladesh's stockmarket is being held back from reaching its potential because of the indiscipline in the banking sector, which has spoiled companies' attitude, said M Khairul Hossain, chairman of the Bangladesh Securities and Exchange Commission (BSEC).
11 September 2018, 18:00 PM

China dominates Asian economies

From Xi’s China to Duterte’s Philippines, Asian economies have risen as the world’s best countries in terms of GDP.
9 September 2018, 05:08 AM

Inflation went down in August

Inflation went down during the month of August due to a falling prices of food items.
6 September 2018, 06:39 AM