Farmers Bank fails to pay import bills

Farmers Bank is now under pressure to settle its overdue payments for import, with a number of foreign missions dangling the threat of blacklisting the troubled lender if it does not pay back immediately.
14 July 2018, 18:00 PM

Mistrust towards banks an 'ominous sign'

A slight mistrust towards the country's banking sector has recently emerged in people's minds, which is an “ominous sign” for banks, said Bangladesh Bank Governor Fazle Kabir yesterday.
14 July 2018, 18:00 PM

State banks' loss-making branches shrink

State-run banks saw a significant decline in the number of loss-making branches last year as Bangladesh Bank's plan to reinvigorate the institutions is at long last bearing fruit.
14 July 2018, 18:00 PM

Export stars to be awarded today

The government will honour 63 companies today with export trophies for their extraordinary performance in fiscal 2014-15.
14 July 2018, 18:00 PM

Mistrust over banking sector an ominous sign: BB governor

A slight mistrust has been created among the people over the country’s banking sector in recent time, which is an “ominous sign” for the banks, Bangladesh Bank Governor Fazle Kabir says.
14 July 2018, 13:57 PM

New DMD for Premier Bank

Premier Bank has recently appointed Md Abdul Hai as its deputy managing director.
12 July 2018, 18:00 PM

New DMD for Dhaka Bank

AKM Shahnawaj has recently been promoted as deputy managing director of Dhaka Bank.
12 July 2018, 18:00 PM

Telcos to explain why they failed to circulate PM's Eid greetings

The BTRC has issued two notices within a span of seven days asking Grameenphone, Robi and Banglalink to explain why an Eid-ul-Fitr greeting of Prime Minister Sheikh Hasina had not been sent out to subscribers.
12 July 2018, 18:00 PM

Caustic soda export to India comes to a halt

The export of caustic soda to India has remained suspended for the last three months after New Delhi ruled the chemical will not be allowed to enter the country without the certification from its standards authority.
12 July 2018, 18:00 PM

Private banks made to work harder for deposits

Despite intense efforts to attract funds private banks are experiencing a slowdown in deposit growth due to a lack of confidence of depositors following a series of reports of loan scams.
12 July 2018, 18:00 PM

Contactless credit cards near rollout

The central bank yesterday gave the green light to the rollout of contactless credit cards, ushering in an exciting new era of payment system in Bangladesh.
12 July 2018, 18:00 PM

Pubali Bank gets new AMD

Pubali Bank has recently appointed Muhammad Mijanur Rahman Joddar as an additional managing director.
11 July 2018, 18:00 PM

Understanding needed to thwart data security threats: ICCB

Strong understanding of criminal operation and risk management is crucial for financial institutions as fraud and data security threats are emerging in many forms and channels, said Mahbubur Rahman, president of the International Chamber of Commerce (ICC) Bangladesh.
11 July 2018, 18:00 PM

Singaporeans seek 3,000 acres for economic zone

A team of investors based in Singapore has sought 3,000 acres of land at Mirsarai in Chittagong from the government to establish a special economic zone for the businesses of the Southeast Asian island country.
11 July 2018, 18:00 PM

Compliant firms to get rid of customs hassles

The National Board of Revenue is set to offer compliant businesses the privilege to clear their imported and exported goods fast by awarding them the status of Authorised Economic Operator (AEO) with a view to boosting international trade.
11 July 2018, 18:00 PM

Lowering lending rate overnight difficult: Muhith

Finance Minister AMA Muhith yesterday said it is difficult to bring down the lending rate of banks to single-digit overnight.
11 July 2018, 18:00 PM

Singapore keen to invest in financial sector

A high-powered business delegation from Singapore yesterday showed keen interest to invest in the banking and financial sector as it offers immense growth potential.
10 July 2018, 18:00 PM

Practice of carrying cash declining: experts

The practice of carrying cash is gradually declining in Bangladesh as people are getting to understand the financial benefits of digital payment systems like debit and credit cards, said experts and policymakers yesterday.
10 July 2018, 18:00 PM

Book on customs tariff published

Bangladesh Customs Tariff, a compilation of import and export duty and other rates of taxes, has been published for the sixth consecutive year to help businesses, particularly importers and exporters, take decisions on overseas trade.
9 July 2018, 18:00 PM

World's biggest mobile factory opens in Noida

The world's biggest mobile factory was launched yesterday in Noida, a satellite township of New Delhi, jointly by Indian Prime Minister Narendra Modi and visiting South Korean President Moon Jae.
9 July 2018, 18:00 PM