Sadharan Bima pays US-Bangla Tk 5.74cr in insurance claims

Sadharan Bima Corporation has paid $0.7 million or Tk 5.74 crore to US-Bangla Airlines in the first instalment as compensation against the carrier's insurance claim for the aircraft that crashed in Kathmandu last month.
1 April 2018, 18:00 PM

Teletalk plans 4G launch in Aug, with just Tk 200cr

Teletalk is preparing to launch fourth generation (4G) mobile service, albeit in big cities, with optimum visibility by August and plans to invest only Tk 200 crore from its own funds to develop 1,100 or around a fourth of its network sites.
1 April 2018, 18:00 PM

Better GDP growth this year: Muhith

Finance Minister AMA Muhith yesterday said the economy is on track to log in a better GDP growth figure than last year. In fiscal 2016-17, Bangladesh posted GDP growth of 7.28 percent.
1 April 2018, 18:00 PM

Stocks leap on CRR reduction

Dhaka stocks yesterday gained 2.67 percent -- the highest since May 25, 2015 -- on the back of the central bank's announcement to lower the requisite cash reserve ratio (CRR) to 5.5 percent from 6.5 percent to ease the financial sector's liquidity crunch.
1 April 2018, 18:00 PM

Will CRR cuts bring down lending rate?

The decision to reduce the Cash Reserve Ratio (CRR) by one percentage point constitutes quantitative easing of monetary policy. A key
1 April 2018, 18:00 PM

Rod prices to go down if transport problem eases

Prices of rod will come down by Tk 4,000 per tonne if the government withdraws the weight limit in carrying goods by trucks and eases congestion at the Chittagong port, said the industry association.
1 April 2018, 18:00 PM

Mobile networks hit by nor'wester

Mobile subscribers are experiencing network problems in different parts of the country as operators are facing severe power shortage
31 March 2018, 18:00 PM

Foley new president of Amtob

Michael Foley, chief executive officer of Grameenphone, has been elected as the president of the Association of Mobile Telecom Operators of Bangladesh (Amtob) for a year.
29 March 2018, 18:00 PM

ACC to check if firms submit fabricated financial statements

The Anti-Corruption Commission will investigate allegations that listed companies have submitted fabricated financial statements to various regulators and parties, said its Chairman Iqbal Mahmood.
29 March 2018, 18:00 PM

Misuse of political power renders BB toothless: survey

Misuse of political power in banking business results in Bangladesh Bank (BB) facing impediments in taking decisions independently along with punitive measures against large scams, says a survey.
29 March 2018, 18:00 PM

Govt panel gives nod to $2.6b Chinese loan

The hard-term loan committee of the government yesterday approved $2.6 billion financing for the Padma rail link project, paving the way for the signing of a deal with the Exim Bank of China next month.
29 March 2018, 18:00 PM

Stocks break losing streak

Dhaka stocks ended the week in the black yesterday after breaking a three-day losing streak amid active participation by institutional and general investors.
29 March 2018, 18:00 PM

Malaysia’s central bank foils unauthorised fund transfer attempts

Malaysia’s central bank says it detected and foiled an attempted cyber attack and efforts to transfer funds without authorisation using falsified SWIFT messages.
29 March 2018, 09:20 AM

Top 10 most popular Easter destinations for Asia-Pacific travelers revealed

Thanks no doubt to the fact that Easter falls during the same period as this year's cherry blossom season, Tokyo has topped a list of the most popular Easter destinations among Asia-Pacific travelers for 2018.
29 March 2018, 08:03 AM

5 banks get Asiamoney award

Five banks from Bangladesh have recently been awarded at the Asiamoney best bank awards 2018.
28 March 2018, 18:00 PM

Medicine makers demand cash incentive on exports

Local medicine makers have urged the government to extend cash incentive benefit to the exports of pharmaceutical products to help the sector grow further and capture more overseas markets.
28 March 2018, 18:00 PM

BTRC to offer 4 tower company licences

The telecom regulator is on the final stage to offer four telecom tower company licences and a request for proposal (RFP) notice will be published within the next two to three working days.
28 March 2018, 18:00 PM

Unused foreign fund rises 12pc to $40.24b

Unused foreign assistance in the pipeline rose over 12 percent to $40.24 billion in the last eight months to February.
28 March 2018, 18:00 PM

Private banks' profits slide on piling bad loans

Private banks' net profits slid for the first time in four years in 2017, dragged down by their ballooning non-performing loans.
28 March 2018, 18:00 PM

Poor salaries, skills gap plague insurance sector: analysts

Bangladesh's insurance sector has long been facing a skills gap at all levels because of a poor pay structure, uncomfortable work environment and a lack of relevant education and awareness, industry people said yesterday.
28 March 2018, 18:00 PM