State banks' escalating bad loans a threat: BB report

The rising default loans in the eight state banks, which accounts for 57.53 percent of the total classified loans in the banking sector, have become a threat to the sector's stability, according to the Bangladesh Bank's Financial Stability Report.
30 July 2018, 18:00 PM

City Bank, bKash team up to serve each others' clients

City Bank and bKash, the country's largest mobile financial services provider, yesterday joined hands to allow their customers to avail a number of services from each other's platforms, in what can be described as a first-of-its-kind partnership for the country's financial sector.
29 July 2018, 18:00 PM

Govt conducts 5G trial run

South Asia's first test run of fifth generation (5G) mobile internet took place in Dhaka yesterday when download speeds of up to 4.17 gigabits per second were experienced.
25 July 2018, 18:00 PM

IndiGo to connect Dhaka, Kolkata from Aug 1

IndiGo, a low-cost Indian carrier, is all set to start daily flights from Dhaka from August 1 to provide the passengers with relatively inexpensive air fare.
24 July 2018, 18:00 PM

HSBC launches 8th export awards

The Hongkong and Shanghai Banking Corporation Ltd in Bangladesh yesterday launched the eighth edition of the HSBC Export Excellence Awards to recognise the contribution of the country's exporters.
24 July 2018, 18:00 PM

ADB doubles commitment for next three years

The Asian Development Bank is ready to lend $8.01 billion to Bangladesh over the next three years, almost the double the amount it had committed in the previous three years.
23 July 2018, 18:00 PM

Money market unstable due to banks' problems

Bangladesh's money market has been volatile due to the deepening problems in the banking sector, analysts said yesterday.
21 July 2018, 18:00 PM

Buckingham Palace to open its gates to the public starting this weekend

Didn't score an invite to the royal nuptials in May? If you're London-bound this summer, you can get a taste of the royal high life with a tour of Buckingham Palace, which opens to the public this weekend.
21 July 2018, 05:09 AM

Samsung brings mobile accessories

Samsung has entered Bangladesh's mobile phone accessories market by launching its original ancillary products in order to cater the growing number of digital device users.
19 July 2018, 18:00 PM

BB keeps on injecting dollar into market

Bangladesh Bank has continued its practice of injecting dollars into the market this fiscal year to cool down exchange rate volatility, with $62 million being pumped in just the first 17 days of the month.
19 July 2018, 18:00 PM

Agent banking bringing in deposits for banks: experts

Agent banking is becoming a major source of deposits for banks thanks to its reach to remote population who are being encouraged to park their funds with formal institutions, analysts said yesterday.
18 July 2018, 18:00 PM

DSE delists two firms

Modern Dyeing & Screen Printing and Rahima Food Corporation have been delisted from the Dhaka Stock Exchange for remaining closed for more than three years.
18 July 2018, 18:00 PM

Junk shares reign over Dhaka bourse

In a curious development, five junk stocks were among the top ten gainers of the premier bourse yesterday.
18 July 2018, 18:00 PM

Gold in Bangladesh Bank vault is all right, says MA Mannan

State Minister for Finance and Planning MA Mannan today said the gold in the Bangladesh Bank vaults is "alright".
18 July 2018, 07:38 AM

GP profit rises 36pc in Apr-Jun

Grameenphone's net profit rose 36.3 percent year-on-year to Tk 1,080.44 crore in the April-June period, the highest in a single quarter in the operator's history, helped by an unused portion of tax provisioning as well as growth in voice and data revenue.
16 July 2018, 18:00 PM

Current account deficit set to cross record $10b

Bangladesh's current account deficit is set to cross the $10 billion mark for the first time in history as the country's capacity to export continues to lag behind its appetite for imports.
16 July 2018, 18:00 PM

Roadshows to draw foreign funds in hi-tech parks

Bangladesh Hi-Tech Park Authority is set to organise roadshows in different cities around the world from September to attract foreign investors, including non-resident Bangladeshis.
15 July 2018, 18:00 PM

Lift weight limit for vehicles

Chittagong-based business leaders yesterday threatened to shut down the wholesale hub in Khatunganj and stop transporting goods if the weight limit on the vehicles plying on the Dhaka-Chittagong highway is not lifted within a week.
15 July 2018, 18:00 PM

Too many offers baffle mobile users

The telecom regulator has stepped in to protect customers by way of stopping mobile phone operators from confusing subscribers with hundreds of voice and data offers.
15 July 2018, 18:00 PM

Accolade for export heroes

Commerce Minister Tofail Ahmed yesterday handed over the national export trophies to owners of 63 companies for their extraordinary export performance in 2014-15.
15 July 2018, 18:00 PM