Robi ended 2018 on a positive note despite incurring huge losses in the last quarter, logging in Tk 214.7 crore in net profits on the

Banks' spending on corporate social responsibility shot up last year, even overshooting the regulatory ceiling -- at a time when they logged in lower profits for higher provisioning needs from the mounting default loans.

Six former officials of Bangladesh Krishi Bank Limited were sent to jail yesterday in connection with a graft case.

The government cannot disclose the Farashuddin-led committee's investigation report on Bangladesh Bank reserve heist so that probe by the Criminal Investigation Department is not “influenced”, Finance Minister AHM Mustafa Kamal told parliament last night.

After 10 years of negotiations, Vietnamese mangoes have been licensed for export to the US.

Grameenphone users suffer the highest call drops and they wait longer to get connected to the number they dial, according to a report of the Bangladesh Telecommunication Regulatory Commission.

Sabbir Ahmed has recently been appointed head of retail banking at Standard Chartered Bangladesh.

Grameenphone was yesterday slapped with four restrictions by the telecom regulator as part of the penalties for becoming a Significant Market Power (SMP).

The entry of the three new banks will weaken the banking sector further by putting additional pressure on supervision, auditing and deposits, said experts yesterday.

Bangladesh taka will come under pressure against the US dollar because of the widening deficit in the balance of payments, said Standard Chartered bank yesterday.

The government blocks 55 more pornographic websites as per its initiatives of internet safety solution programme in the country.

The central bank yesterday gave nod to three new banks -- at a time when the sector is saturated and stressed for rising nonperforming loans and declining corporate governance.

Fifth generation (5G) mobile technology will be rolled out by the state-owned mobile operator Teletalk in the country before any other telecom operators, Telecom Minister Mustafa Jabbar says.

The tourism and hospitality sector of Bangladesh needs policy support from the government to boost its contribution to the economy, said sector people yesterday.

Fed up with the poor service quality, Imran Hossain, a buying house executive, could not wait to switch his mobile operator. But what held him back was that he would have to give up on his 11-digit mobile number, which he had circulated to one-too-many people.

In the first four months, 1,33,621 mobile phone users have successfully switched their operators keeping its existing eleven digits number, a service which was introduced aiming to enhance competition in the mobile market.

Sheikh Bashirul Islam has recently been promoted to deputy managing director of Exim Bank.

Ahmed Shayan Fazlur Rahman has recently been elected vice chairman of IFIC Bank. Rahman is the executive director of Beximco Group, the bank said in a statement yesterday.

Deposits collected through agent banking rose a whopping 122 percent last year from the previous year whereas the whole banking sector experienced a fall in deposit growth.

A panel of the National Board of Revenue is set to propose continuation of multiple rates of VAT along with 15 percent flat rate under the VAT and Supplementary Duty Act 2012, said officials.