Private sector credit growth hits record low
9 hour(s) ago
Economy
GREENWASHED
9 hour(s) ago
Economy
Credit card growth: Built on supermarkets, serving the well-off
9 hour(s) ago
Economy
Banks asked to submit data on farm loans up to Tk 10,000
9 hour(s) ago
Economy
Govt to sign trade deals with US, Japan before polls
9 hour(s) ago
Economy
MFS transaction cap likely during polls
9 hour(s) ago
Economy
Our digital economy is growing more slowly than peers
9 hour(s) ago
Column
Shahid elected chairman of exec committee of Shahjalal Islami Bank
9 hour(s) ago
Economy
Early FTA talks with EU needed to maintain duty-free access
9 hour(s) ago
Economy
NCC Bank launches automated risk management system
9 hour(s) ago
Organisation News
Power crisis costs Vietnam $1.4b: WB
A severe power shortage in Vietnam caused by an intensely hot spell and unprecedented drought in May and June cost the country $1.4 billion, according to the World Bank.
13 August 2023, 18:00 PM
S Korean firm to invest $8.62m in Bepza EZ
Dongwoo BD Ltd, a South Korean company, is going to set up a shoe accessories manufacturing industry inside Bepza Economic Zone (EZ) with an investment of $8.62 million.
13 August 2023, 18:00 PM
Cut interest tax from mutual funds’ deposits
Bangladesh Bank in a circular yesterday directed scheduled banks to follow a National Board of Revenue (NBR) clarification to cut source tax on the interest income or profit of mutual funds from associated fixed deposits with the banks.
13 August 2023, 18:00 PM
Govt should allow duty-free import of gold
The government should facilitate the gold sector’s growth by allowing duty free imports through private sector entrepreneurs, said noted economist Ahsan H Mansur yesterday.
13 August 2023, 18:00 PM
Midland Bank, NEC Money sign deal on remittance service
Midland Bank Ltd signed an agreement with NEC Money Transfer Ltd, a UK-based Global Money Transfer Company, enabling the former to disburse hard earned remittances of NRBs living in different parts of the world from its branches and agent banking centres through NEC Money.
13 August 2023, 18:00 PM
Idcol declares Tk 120cr dividend
Infrastructure Development Company Ltd (Idcol) declared a dividend of Tk 120 crore, including Tk 70 crore in cash, for fiscal year 2022-23 at its 26th annual general meeting recently.
13 August 2023, 18:00 PM
HSBC wins Asian Banking and Finance awards
HSBC Bangladesh has won “International Retail Bank of the Year” and the “Best Marketing and Brand Initiative of the Year 2023” awards by the Asian Banking and Finance, a publication for banking and finance executives in Asia.
13 August 2023, 18:00 PM
India’s new rules creating uncertainty
A recent decision by the Indian government requiring firms to get a licence to import personal computers could hinder the country’s efforts to improve the ease of doing business, said trade experts and industry watchers.
13 August 2023, 18:00 PM
Number of bank branches keeps rising
The number of bank branches in Bangladesh rose to 11,212 in June 2023, up 2.11 percent year-on-year, according to central bank data.
13 August 2023, 18:00 PM
Card transactions hit all-time high
Transactions through cards hit an all-time high in June thanks to increased economic activities during Eid-ul-Azha as consumers enthusiastically embraced the spirit of the occasion by making purchases.
13 August 2023, 18:00 PM
Digital fabrics development aiding exports
Bureau 555, a joint venture between two entrepreneurs of Bangladesh and the United Kingdom, has been facilitating garment exports through the country’s first digital fabrics development facility in Gulshan, Dhaka.
13 August 2023, 18:00 PM
BB funds get costlier for exporters
The Bangladesh Bank has raised the interest rate for the loans secured from the Export Facilitation Pre-finance Fund (EFPF) and the refinance scheme for pre-shipment credit as part of its efforts to make rates market-based.
13 August 2023, 18:00 PM
Deposit growth plunges in Islamic banks
Deposit growth of shariah-based banks in Bangladesh plunged in 2022 mainly due to lower confidence among savers after a number of scams in the sector were unearthed by the central bank.
13 August 2023, 18:00 PM
Taka fell 13.3% vs dollar in 2022: BB
Bangladesh’s currency taka depreciated by 13.3 percent against the US dollar in 2022, said Financial Stability Report 2022 of Bangladesh Bank.
13 August 2023, 18:00 PM
Wage growth below inflation for 18th month straight
Although wage growth in Bangladesh has been slowly climbing since July 2021, it has remained below the inflation rate for the past 18 months consecutively, according to the Bangladesh Bureau of Statistics (BBS).
13 August 2023, 00:00 AM
What to buy: chicken or egg?
A dozen eggs now cost the same as 1kg broiler chicken
13 August 2023, 00:00 AM
Most banks in tight spot amid liquidity crunch
A majority of banks in Bangladesh are facing difficulties in running their day-to-day banking activities owing to a tightening liquidity caused by the dragging foreign currency crisis, slower deposit growth and lacklustre loan recovery.
13 August 2023, 00:00 AM
NRB Bank reelects Ahmed as exec committee chief
Ali Ahmed has been re-elected as chairman of the executive committee of the board of directors of NRB Bank Ltd in a meeting of the bank recently.
12 August 2023, 18:00 PM
Standard Bank gets new DMD
Md Siddiqur Rahman recently joined the shariah-based Standard Bank Ltd as its deputy managing director and chief operating officer.
12 August 2023, 18:00 PM
Bid to groom workers for high-end garment
Swedish government’s private arm Swisscontact and the Swedish embassy in Dhaka yesterday signed a memorandum of understanding with local Team Group to groom the skilled young workers in the making of high-end value-added garment items.
12 August 2023, 18:00 PM