Stocks jumped up yesterday buoyed by a Bangladesh Bank move that allowed banks to invest in equities by borrowing funds from the banking regulator. On Sunday, the BB announced a liquidity support for banks with a view to ramping up their capacity to invest in the market as part of a

Facebook will appoint a local representative within the next four to six weeks to ensure payment of value-added tax from their advertisement earnings from Bangladesh market, much to the relief of the revenue authority.

Two Bangladeshi companies are set to export liquefied petroleum gas (LPG) to the landlocked northeastern states of India. Omera Petroleum and Beximco LPG will export LPG to state-owned Indian Oil Corporation (IOC), which will bottle and sell to consumers.

Facebook has denied to set up any office or install its local service in Bangladesh right now as the market size is not sustainable here enough.

Nizam Uddin Chowdhury has recently joined Agrani Bank as the lender’s deputy managing director.

The long drawn-out conflict between the country’s top two mobile operators -- Grameenphone and Robi -- and the telecom regulator over unpaid dues amounting to Tk 13,447 crore is finally heading towards an amicable conclusion after Finance Minister AHM Mustafa Kamal stepped in.

With the serving of show-cause notices on Robi and Grameenphone as to why their licences will not be cancelled for not paying the so-called ‘dues’, the Bangladesh Telecommunication Regulatory Commission (BTRC) has come further closer to facing investment

Data revenue for the top three mobile phone operators surged 23 percent to Tk 2,862 crore in the first half of the year on the back of fast-expanding 4G coverage.

The US Treasury announces sanctions on three North Korean hacking groups it said were involved in the "WannaCry" ransomware attacks and hacking of international banks and customer accounts.

Community Bank Bangladesh yesterday began its journey with a view to reaching out the growth centres across the country.

Bangladesh Bank is set to give loans to local banks’ offshore banking units (OBU) to offset the negative returns that it now gets for its liquid euro assets -- a move that can be viewed as making the best out of a bad situation.

Biman Bangladesh Airlines will get its fourth Boeing 787-8 Dreamliner, last in the row of 10 new aircrafts, on September 12.

The World Bank is ready to help Bangladesh increase its growth to double digits and would provide all kinds of support to this end, said Mercy Miyang Tembon, the multilateral lender’s newly-appointed country director for Bangladesh and Bhutan.

Grameenphone and Robi’s clash with the telecom regulator became more heated yesterday after they were slapped with show-cause notices enquiring why their 2G and 3G licences should not be cancelled for their failure to pay unpaid dues unearthed by audit.

The telecom regulator issues two separate show cause notices to Grameenphone and Robi asking them to reply in 30 days why their licences will not be cancelled despite violating the licensing conditions by not paying the telecom regulator’s ‘dues’.

Banks are showing reluctance in lending through the agent banking window based in rural areas despite mobilising large sums through the platform.

Prime Minister Sheikh Hasina has said steps are underway to bring down bank loan interest rate to single digit in all banks, noting that higher interest rate naturally causes loan defaults.

Shamim Ahmed and Md Nurul Islam have been promoted to deputy managing director (DMD) of Mercantile Bank.

Robi earned Tk 1.2 crore in profit in the second quarter of the year driven by data revenue growth, but the takings were far below what it made in the first quarter.

The Dhaka bourse fell yesterday because of a selling pressure of Grameenphone’s share, as the telecom regulator has threatened to revoke the licence of the largest listed company over unpaid audit claims.