The head of the Bangladesh Securities and Exchange Commission (BSEC) has expressed helplessness regarding the bearish run of the market, blaming the higher interest rate on savings certificates and bank deposits for the slump. “What can the commission do if the bank deposit

Apparel exports to the US, Bangladesh’s single largest export destination, jumped 15.57 percent to $1.63 billion in the first three months of the year, which the exporters and experts attributed to the ongoing trade war between the US and China. Ready made garments was not in the list of the items

Revenue collection is poised to fall short of target by a big margin this fiscal year, with receipts growing the lowest in five years in the first nine months due to sluggish collection of customs tariff and value-added tax. Between July last year and March this year, the National Board of Revenue

Insanity is doing the same thing over and over again and expecting different results, the influen-tial physicist Albert Einstein once said. And this quote comes to mind when one glances through the Bangladesh Bank’s latest policy for defaulters. Issued on May 16, the notice is an extended

Beximco’s direct-to-home (DTH) satellite service venture Akash is set to go on air on Sunday with the company offering one-month free subscription for a limited period to lure people into the new way of watching TV. Beximco will be providing the DTH service by taking connection from the Bangabandhu Satellite 1

The central bank has widened banks’ scope to invest in the stock market and infrastructural fund as the government looks to put a pause on the longer than usual bear run. The DSEX, the benchmark index of the premier bourse, lost 774.55 points, or 13.07 percent, in the last three months.

Shariah-based banks’ net profit margin declined to 2.2 percent in 2018 from 3 percent a year earlier at a time when the banking sector’s rose, found a recent study. The banking sector’s net profit margin improved to 3 percent from 2 percent last year, according to the study titled “Islamic Banking Operation of Banks-2018”.

The country has to count more than Tk 9,000 crore a year because of its heavy dependence on cash, necessity to move towards a cashless society. The maintenance cost of the printed money is nearly 0.50 percent of the country’s GDP, Central bank report styled ‘Reducing the Cash Transaction’.

The telecom regulator has decided to increase the floor price of Grameenphone’s call rate by 5 paisa to Tk 0.50 a minute from June as

The central bank has decided in principle to exempt banks’ investments in non-listed companies from capital market exposure, a move that can give banks plenty of room for fresh investments in the stock market.

Exports grew 2.69 percent year-on-year to $3.03 billion in April riding mainly on the higher shipment of apparel items, official data showed yesterday. Last month’s receipts, however, fell short of the government’s monthly target of $3.08 billion by 1.52 percent.

The board of NCC Bank yesterday sought explanation from Managing Director Mosleh Uddin Ahmed for his abnormally high deposits as revealed by Bangladesh Financial Intelligence Unit (BFIU).

Mutual Trust Bank has got regulatory approval to raise fund to boost its capital base by issuing 6.37 crore new shares to the Norfund,

Banglalink has started to get back its business after its hefty investment in strengthening network, with the operator logging in 4.5 percent higher revenue in the first three months of the year, its parent company Veon said yesterday.

Banglalink has started to get back its business after its hefty investment in strengthening network, with the operator logging in 4.5 percent higher revenue in the first three months of the year, its parent company Veon said yesterday.

The telecom regulator has received 7,908 complaints in last one year (May,2018-April, 2019) against different service quality of four mobile operators.

The Asian Development Bank is considering to provide a grant of US$ 100 million to Bangladesh specially for the Rohingya refugees, ADB President Takehiko Nakao says.

Mercantile Bank has recently launched a second edition of MBL Young Bankers’ Appreciation Award as part of its effort to identify and recognise talented young bankers.

Grameenphone subscribers’ minimum call rate is set to increase by 5 paisa a minute to Tk 0.50 as part of restrictions imposed on the operator for being declared a significant market power.

A lack of trust is to blame for the banking sector’s current woes, said noted economist Wahiduddin Mahmud yesterday.