The central bank yesterday injected Tk 2,300 crore into the money market to ease liquidity crunch in the banking sector amid the cash withdrawal spree in the lead up to Eid.

Syed Faridul Islam has recently joined United Commercial Bank (UCB) as additional managing director.

Dilwar H Choudhury has recently been elected chairman of the audit committee of the board of directors of Bank Asia.

State banks can keep on expecting to be coddled despite their continued financial irregularities and irresponsible lending practices, with the government looking to inject Tk 1,500 crore in the upcoming fiscal year to help the lenders meet their capital shortfall.

Ninh Binh is one of the most spectacular places on earth to visit.

Most officials at Customs House Chattogram are not only performing their designated duties but also filling in for vacant posts for an acute shortage of workforce.

Romo Rouf Chowdhury has recently been elected vice chairman of Bank Asia. The election took place at a meeting of the bank’s board of directors, says a statement. Chowdhury is one of the sponsor shareholders as well as sponsor directors of Bank Asia. He holds directorship of various sister concerns of Rangs Group and Sea Fishers Group.

Bangladesh Telecommunication Regulatory Commission (BTRC) is going to organise a second public hearing on June 13 to directly hear from citizens their experiences on service quality of the telecom industry. The telecom regulator decided on it in a recent meeting

Mutual Trust Bank has recently become the third Bangladeshi bank to receive the certificate for complying with the payment card industry data security standard (PCI DSS) set by Visa, MasterCard, Discover Financial Services, JCB International and American Express.

Bangladesh is progressively becoming an important market for the US’s tree nuts, mainly almond, thanks to the country’s rising income and expanding food and beverage industry, said a report by the US Department of Agriculture (USDA). “Consumers’ attitude towards nut consumption

The Bangladesh Financial Intelligence Unit (BFIU) yesterday instructed mobile financial service (MFS) providers to inform it of suspicious transactions with a view to reining in “digital hundi” ahead of Eid-ul-Fitr.

The government mulls over increasing the cash incentive for exports by one percentage point as it looks to motivate exporters to leverage the sudden opportunities presented by the US-China trade war. Currently, 26 sectors are provided with cash incentives ranging from 2 percent to 20 percent of their export

Eastern Bank Limited (EBL) has reappointed its managing director and CEO, Ali Reza Iftekhar, for three years.

The government will use some 10,000 people through third-party sources to widen the tax net to upazila level by this year.

The telecom regulator is yet to appoint auditors to conduct financial and technical inspection of Banglalink and Airtel’s system even though the formal process has started more than a year and a half ago due to irregularities within the institution itself. The Bangladesh Telecommunication Regulatory Commission (BTRC)

The government has all on a sudden stepped up its borrowing from the banking system from this month as its revenue collection fell short of expectations, sending the cash-strapped banks into a state of panic. Until the end of April, the government did not borrow from banks

The High Court has halted the privilege of loan defaulters to secure further loans by giving a 2 per cent down payment until June 23.

Banks and financial institutions who failed to lower their interest rates to 9 per cent will not get government’s annual development programme fund.

Pubali Bank recently saw the unanimous election of Azizul Huq, founder CEO of Islami Bank Bangladesh, Social Investment Bank and Islamic Finance and Investment, as chairman during a board meeting.

Banks should develop data banks on their own in order to prevent billions of dollars from being siphoned out of Bangladesh through trade-based money laundering, a study recommended.