The Supreme Court (SC) extends for two months its stay on a High Court order that halted Bangladesh Bank circular allowing defaulters to reschedule their loans with a repayment period of up to 10 years.

Bangladesh Telecommunication Regulatory Commission (BTRC) says there is no scope for arbitration under the existing law over its action taken against the two major telecom operators.

Banks in Bangladesh are contributing to the rise in inequality as they collect deposits from people from all walks of life but give loans to only a few, analysts said yesterday.

Lawmaker Morshed Alam has been elected chairman of Mercantile Bank.

The telecom regulator has partially blocked the bandwidth capacity of Grameenphone and Robi from last evening for non-payment of dues detected in audits -- a drastic step that ultimately hurts the 12.25 crore subscribers of the two operators.

Schenker (Asia Pacific) Pte, a subsidiary of DB Schenker, the transport and logistics division of Deutsche Bahn Group, has expanded its presence in the Indian subcontinent with the launch of a new subsidiary in Bangladesh.

State banks did not get a single penny from taxpayers in the just concluded fiscal year to make up their capital deficit, in a clear sign from the government of its intent to stop pampering the errant lenders.

The high interest rate remains in the banking sector due to the default loan, says Toufic Ahmad Choudhury, former director general of Bangladesh Institute of Bank Management (BIBM).

The Supreme Court stays till July 8 the High Court orders that halted Bangladesh Bank’s circular allowing defaulters to reschedule their loans with a repayment period of up to 10 years and get further loans.

A national budget, as a layman understands it, is a financial estimation about a government’s earnings and expenditure over a year which also takes into account the trends and projections about the market, taxation and specific economic goals. In the context of countries like ours, the budget is also expected to address issues of equity and social justice, unemployment, poverty reduction and redistribution of income along with achieving fiscal discipline.

Real estate developer Shanta Holdings yesterday started accepting bookings for “Shanta Pinnacle”, saying it was to be Dhaka’s first 40-

Parliament passes the Tk 5,23,190 crore national budget for 2019-20 fiscal themed as “Bangladesh on a Pathway to Prosperity: Time is Ours, Time for Bangladesh.”

The parliament passes the Finance Bill 2019 with some changes in value-added tax (VAT) and in the policy of capital market and handloom industry.

Prime Minister Sheikh Hasina describes the proposed budget for FY 2019-20 as people-friendly, development-oriented and balanced one, saying that everyone will be benefitted by the budget as it will help continue the pace of ongoing development.

State-owned BASIC Bank has finally got a managing director. The post had been vacant since November last year.

Mohammed Mahtabur Rahman has recently been re-elected chairman of NRB Bank.

Mobile users have already started to feel the heat of the proposed budget for fiscal 2019-20, which proposed doubling the supplementary duty and higher turnover tax on operators, said experts and related bodies yesterday.

Hackers have broken into the systems of more than a dozen global telecoms companies and taken large amounts of personal and corporate data, researchers from a cyber security company says, identifying links to previous Chinese cyber-espionage campaigns.

Unauthorised drones cause flight delays and disruptions at Changi Airport, just days after a previous incident saw 37 flights delayed.

Lawmakers from treasury and opposition benches lambaste Finance Minister AHM Mustafa Kamal for keeping insufficient allocation for education, health and culture sectors in the proposed budget for 2019-20 fiscal year.