Local airlines upset despite travel boom

Local airlines nowadays carry nearly double the number of passengers on domestic routes compared to what was five years ago but the surge hasn't translated into profitability, said executives.
5 September 2018, 18:00 PM

IFIC Bank gets new DMD

Md Monitur Rahman has recently been appointed as deputy managing director and chief of operations and information technology at IFIC Bank.
4 September 2018, 18:00 PM

NBR to narrow scope of tax evasion

Tax authorities plan to audit foreign companies' transactions with their associated entities abroad from next year in order to reduce the scope for illicit fund transfer and tax evasion, said an official yesterday.
4 September 2018, 18:00 PM

Stop unwanted messages

The telecom regulator has ordered mobile operators to stop sending commercial and promotional messages to subscribers if they choose not to receive those.
4 September 2018, 18:00 PM

Qubee parts with individual subscribers

Nearly nine years past its launch, wireless broadband operator Qubee has brought to a close its individual subscriber-centric services.
2 September 2018, 18:00 PM

Lending thru' agent banking on the rise

Lending through agent banking grew 12.32 percent to Tk 137.32 crore in April-June compared to a quarter ago with Bank Asia leading the pack.
2 September 2018, 18:00 PM

US top beef exporter of the world

Beef exports of the US accounted for 12.9 per cent of total production in 2017. Although India has banned the slaughtering of cows and consumption of beef in many parts of the country, it is among the top exporters of beef in the world.
1 September 2018, 04:49 AM

Fortune recognises Telenor's Tonic

Telenor Group has recently been recognised by Fortune magazine for its work to bring affordable healthcare to the mass market through its Tonic mobile service in Bangladesh.
27 August 2018, 18:00 PM

Banks, NBFIs perk up stocks

The Dhaka bourse continued to gain for the third consecutive day yesterday thanks to the investors' increasing interest on shares of bank and non-bank financial institutions (NBFIs).
19 August 2018, 18:00 PM

Mobile data leads to internet boom

The number of the country's active internet connections increased about 20 percent year-on-year to 8.78 crore at the end of June on the back of fast-growing mobile internet and the government's push for digitalisation.
19 August 2018, 18:00 PM

BB sounds cyber alarm

The Bangladesh Bank yesterday warned banks to heighten measures to repel cyber attacks after a multinational hacking ring made off with Rs 94.4 crore from India's Cosmos Bank last week.
16 August 2018, 18:00 PM

Exports to China drop 27pc

Bangladesh's exports to China—one of the most promising Asian markets—fell 26.79 percent year-on-year to $694.97 million in 2017-18.
16 August 2018, 18:00 PM

India's Cosmos Bank loses $13.5m in cyber attack

Cyber criminals hacked the systems of India's Cosmos Bank and siphoned off nearly 944 million rupees ($13.5 million) through simultaneous withdrawals across 28 countries over the weekend, the bank tells police.
15 August 2018, 04:33 AM

Govt approves four tower licences

The government yesterday approved four applications for tower operations licences as part of its move to separate the network business from telecom services with the view to rationalising the number of towers in the country.
14 August 2018, 18:00 PM

StanChart launches new home loan product

Standard Chartered Bangladesh yesterday launched MortgageOne, a home financing solution enabling clients to enjoy a reduced interest rate and loan tenure through maintaining deposits with current accounts.
14 August 2018, 18:00 PM

Exports off to a good start

Exports started fiscal 2018-19 on a bright note, fetching $3.58 billion in July, which is 19.73 percent more than a year earlier.
14 August 2018, 18:00 PM

Banks can now open clearing accounts in yuan

The central bank yesterday allowed banks to open foreign currency clearing accounts in yuan in keeping with the soaring trade with China.
14 August 2018, 18:00 PM

Uniform call rate from today

A uniform minimum call rate of Tk 0.45 per-minute for mobile phones is going to be effective from early hours of Tuesday as the government approved the fresh tariff to establish a level playing field for the country's telecom operators.
13 August 2018, 18:00 PM

Grameenphone celebrates 7-crore landmark

Grameenphone crosses seven crore active mobile connections in Bangladesh, a magic figure for any mobile operators even in the global perspective.
13 August 2018, 08:05 AM

Citi holds forum on Belt and Road Initiative

Citibank NA Bangladesh has recently hosted a forum on the Belt and Road Initiative (BRI) underlining the bank's commitment to support Bangladesh, global clients and investors with the opportunities offered by the programme launched by China.
12 August 2018, 18:00 PM