Banks, NBFIs perk up stocks

The Dhaka bourse continued to gain for the third consecutive day yesterday thanks to the investors' increasing interest on shares of bank and non-bank financial institutions (NBFIs).
19 August 2018

Mobile data leads to internet boom

The number of the country's active internet connections increased about 20 percent year-on-year to 8.78 crore at the end of June on the back of fast-growing mobile internet and the government's push for digitalisation.
19 August 2018

Biman to increase flights to London

Biman is set to increase flights to London by the end of this year after taking delivery of its second Boeing 787-8 Dreamliner in
18 August 2018

Exports to China drop 27pc

Bangladesh's exports to China—one of the most promising Asian markets—fell 26.79 percent year-on-year to $694.97 million in 2017-18.
16 August 2018

BB sounds cyber alarm

The Bangladesh Bank yesterday warned banks to heighten measures to repel cyber attacks after a multinational hacking ring made off with Rs 94.4 crore from India's Cosmos Bank last week.
16 August 2018

India's Cosmos Bank loses $13.5m in cyber attack

Cyber criminals hacked the systems of India's Cosmos Bank and siphoned off nearly 944 million rupees ($13.5 million) through simultaneous withdrawals across 28 countries over the weekend, the bank tells police.
15 August 2018

Govt approves four tower licences

The government yesterday approved four applications for tower operations licences as part of its move to separate the network business from telecom services with the view to rationalising the number of towers in the country.
14 August 2018

StanChart launches new home loan product

Standard Chartered Bangladesh yesterday launched MortgageOne, a home financing solution enabling clients to enjoy a reduced interest rate and loan tenure through maintaining deposits with current accounts.
14 August 2018

Exports off to a good start

Exports started fiscal 2018-19 on a bright note, fetching $3.58 billion in July, which is 19.73 percent more than a year earlier.
14 August 2018

Banks can now open clearing accounts in yuan

The central bank yesterday allowed banks to open foreign currency clearing accounts in yuan in keeping with the soaring trade with China.
14 August 2018

Uniform call rate from today

A uniform minimum call rate of Tk 0.45 per-minute for mobile phones is going to be effective from early hours of Tuesday as the government approved the fresh tariff to establish a level playing field for the country's telecom operators.
13 August 2018

Grameenphone celebrates 7-crore landmark

Grameenphone crosses seven crore active mobile connections in Bangladesh, a magic figure for any mobile operators even in the global perspective.
13 August 2018

Citi holds forum on Belt and Road Initiative

Citibank NA Bangladesh has recently hosted a forum on the Belt and Road Initiative (BRI) underlining the bank's commitment to support Bangladesh, global clients and investors with the opportunities offered by the programme launched by China.
12 August 2018

Symphony to start local assembly of handsets next month

All is set for Symphony to start assembling mobile handsets in Bangladesh as the leading vendor has already set up the plant in Ashulia.
12 August 2018

Halal exports hold great potential

Bangladesh has the potential to be a major player in the global halal market if given the right support and market development initiatives, said Abul Kasem Khan, president of the Dhaka Chamber of Commerce and Industry.
9 August 2018

Audit looms over Banglalink, Airtel

With audits into Grameenphone and Robi's books already complete, Bangladesh Telecommunication Regulatory Commission (BTRC) is on way to appointing firms to get the same done for Banglalink and Airtel.
9 August 2018

Increase bank branches to reach out to poor: Muhith

Banks should increase their number of branches to give a boost to financial inclusion, said Finance Minister AMA Muhith yesterday.
9 August 2018

Export target: $39b

The government yesterday set $39 billion as the merchandise export target for the current fiscal year, which is 6.36 percent higher than the immediate past fiscal year's achievement of $36.66 billion.
8 August 2018

Tk 11,530cr discrepancies detected after GP audit

Grameenphone's alleged financial discrepancies have ballooned almost three times to Tk 11,530.15 crore after the telecom regulator ran another audit of the operator's books.
8 August 2018

No rate cut on savings tools this year

The interest rate on savings instruments will remain unchanged for the time being, in a development that can be termed an about turn for Finance Minister AMA Muhith, who only a couple of days ago indicated it would be lowered.
7 August 2018