At a time when many banks are struggling to arrest default loans stemming from a lack of corporate governance, Pubali Bank can be a role model for them given its stunning performance in bringing down the bad debt.

Defaulters will get till September 7 to apply for rescheduling their loans under the central bank’s relaxed policy as per a Bangladesh Bank notice to banks yesterday. The relaxed policy was made available in May to allow defaulters to clear their loans.

Bangladesh has achieved the second highest export growth globally over the past decade (2008-2018) and the highest among South Asian nations thanks to the spiralling apparel shipment, according to World Statistics Review 2019.

Chairman of Grameen Bank Khandaker Mozammel Haque passes away at Square Hospital in Dhaka. He was 74.

To cater to the growing number of users in Bangladesh, popular messaging application Viber has rolled out its new user interface (UI) in Bangla for the local market.

Landline provider Bangladesh Telecommunications Company Limited (BTCL) has offered unlimited calls within its network for only Tk 150 per month as the struggling state-run company fights for a turnaround.

The energy ministry has asked Bangladesh Petroleum Corporation (BPC) and Petrobangla not to deposit their funds with weak financial institutions in the hope of getting higher returns in the form of interest.

Md Shafiul Azam has recently been reappointed managing director and chief executive officer of Modhumoti Bank.

The Bangladesh Telecommunications Company Limited (BTCL) has offered a package of Tk 150 per month for calls within its network.

Bangladesh Bank issues a circular asking banks to keep their branched near cattle markets open till August 11.

Sayeed H Chowdhury has recently been re-elected chairman of One Bank for a one-year term from August 1.

Generating ideas and having a keen mind for innovation are key for a fledgling entrepreneur to attain success, said Md Arfan Ali, president and managing director of Bank Asia.

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

Banglalink’s revenue grew 5.4 percent year-on-year to Tk 1,153.68 crore in the second quarter of the year as the operator bought a huge amount of spectrum to improve service quality.

Finance Minister AHM Mustafa Kamal is finally cracking the whip on the wayward BASIC Bank, instructing shuttering of all branches that are in the red for three years in a row along with a host of other strict actions.

About four crore people in the country have capacity to pay tax but majority of them do not pay tax on their income, National Board of Revenue (NBR) chairman says.

Mobile handsets with fake International Mobile Equipment Identity (IMEI) numbers will not be able to use Bangladesh’s mobile network after a certain period as the telecom regulator looks to crack down on illegal imports and duty evasion.

Banks’ loan recovery in the first quarter of 2019 was 9.68 percent higher than a year earlier, but given the extraordinary rate at which default loans are increasing it seems below par.

Bangladesh has made substantial progress in achieving price and macroeconomic stability. It has succeeded in maintaining inflation in modest single digits range, while also achieving high growth, due in a significant part to sound macroeconomic management.

Shipments of plastic products rose 22 percent year-on-year to $120 million in fiscal 2018-19, something manufacturers and traders attribute to the emergence of new export destinations.