NBR panel prescribes changes

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.
12 February 2019

GP, Robi to partner with Bank Asia on agent banking

Top two mobile phone operators Grameenphone and Robi are set to enter into a partnership with Bank Asia on agent banking – a move that is expected to give huge boost to the new service and deepen financial inclusion.
11 February 2019

VALENTINE'S DAY: Special offers galore for plastic money

Most banks have come up with a bundle of packages to make a good business on the occasion of Valentine's Day when people go for a spending spree to celebrate the most romantic day of the year.
11 February 2019

Robi launches social awareness programme #CommonSense

The leading digital service provider, Robi, launches a social awareness programme titled #CommonSense with an appeal to the people for continuing to apply common sense as they become ever more sensitised with life in the digital domain.
11 February 2019

BB Heist Probe: CID fails 56th report deadline

A Dhaka court yesterday again asked Criminal Investigation Department (CID) to submit probe report by March 13 in Bangladesh Bank cyber heist case.
10 February 2019

Grameenphone named significant market power

The telecom regulator yesterday declared Grameenphone as the operator with the Significant Market Power (SMP) to enhance
10 February 2019

Trump's World Bank pick, an ally for the lender's critics?

US President Donald Trump's choice to lead the World Bank is a firebrand critic of the world's largest anti-poverty lender -- an institution he has called wasteful, corrupt and overly generous to China.
10 February 2019

SBAC Bank reelects chairman

SM Amzad Hossain has been reelected as chairman of South Bangla Agriculture and Commerce (SBAC) Bank Ltd for a three-year term.
10 February 2019

All export, import items to be scanned : Kamal

All the export and import consignments would be scanned before clearance to curb duty evasion, said Finance Minister AHM Mustafa Kamal yesterday.
10 February 2019

Exim Bank gets new AMD

Mohammad Feroz Hossain has recently been promoted as additional managing director of Exim Bank. Prior to this promotion, he was the deputy managing director of the bank, Exim Bank said in a statement yesterday.
6 February 2019

BB moves to amend bankruptcy act

The central bank will hold a meeting today to amend the Bankruptcy Act, 1997 with the view to handing out exemplary punishment to habitual defaulters.
5 February 2019

CIID seeks remand of Crescent chairman

Customs Intelligence and Investigation Directorate (CIID) yesterday sought a five-day remand to quiz MA Kader, chairman of Crescent Leather Products and Crescent Tanneries, in connection with one of the three cases filed over laundering Tk 919 crore in foreign currencies.
4 February 2019

Data pack with min 3-day validity from today

The curb on mobile internet packages below a minimum three-day validity period starts today.
1 February 2019

Prime Bank brings digital savings account

Prime Bank yesterday launched a new savings instrument, Prime DiGi, which will allow customers to open an account online and without any initial deposit.
31 January 2019

BTRC shuts 2 shops, seizes 700 mobile phones

The telecom regulator sentences seven shop owners to different terms in jail for their alleged involvement in illegal imports of mobile phones.
31 January 2019

BTRC gets new chairman

The government yesterday appointed Bangladesh Tele-communication Regulatory Commission's legal commissioner as its chairman.
30 January 2019

Smartphone import plummets 21pc

Smartphone imports through the legal channel declined for the first time last year as the government's move to hike import duties to 32 percent last fiscal year appear to have sent illegal imports soaring.
30 January 2019

BB set to sue Rizal Bank in US court

Bangladesh Bank Governor Fazle Kabir said the central bank was expected to file a lawsuit yesterday night with a US court against Philippines' Rizal Commercial Banking Corporation (RCBC) to recover the full amount stolen in the February, 2016 heist.
30 January 2019

BB unveils a cautiously optimistic monetary policy

The central bank yesterday unveiled a cautiously optimistic monetary policy for the second half of the fiscal year, keeping room to provide adequate supply of quality credit to support the growth and inflation targets.
30 January 2019

24 firms sued for evading VAT at Dhaka trade fair

Customs, Excise & VAT Commissionerate has sued 24 reputed organisations for not paying VAT on sales in this year's Dhaka
29 January 2019