ADB doubles commitment for next three years

The Asian Development Bank is ready to lend $8.01 billion to Bangladesh over the next three years, almost the double the amount it had committed in the previous three years.
23 July 2018

Money market unstable due to banks' problems

Bangladesh's money market has been volatile due to the deepening problems in the banking sector, analysts said yesterday.
21 July 2018

Buckingham Palace to open its gates to the public starting this weekend

Didn't score an invite to the royal nuptials in May? If you're London-bound this summer, you can get a taste of the royal high life with a tour of Buckingham Palace, which opens to the public this weekend.
21 July 2018

Samsung brings mobile accessories

Samsung has entered Bangladesh's mobile phone accessories market by launching its original ancillary products in order to cater the growing number of digital device users.
19 July 2018

BB keeps on injecting dollar into market

Bangladesh Bank has continued its practice of injecting dollars into the market this fiscal year to cool down exchange rate volatility, with $62 million being pumped in just the first 17 days of the month.
19 July 2018

DSE delists two firms

Modern Dyeing & Screen Printing and Rahima Food Corporation have been delisted from the Dhaka Stock Exchange for remaining closed for more than three years.
18 July 2018

Junk shares reign over Dhaka bourse

In a curious development, five junk stocks were among the top ten gainers of the premier bourse yesterday.
18 July 2018

Agent banking bringing in deposits for banks: experts

Agent banking is becoming a major source of deposits for banks thanks to its reach to remote population who are being encouraged to park their funds with formal institutions, analysts said yesterday.
18 July 2018

Gold in Bangladesh Bank vault is all right, says MA Mannan

State Minister for Finance and Planning MA Mannan today said the gold in the Bangladesh Bank vaults is "alright".
18 July 2018

GP profit rises 36pc in Apr-Jun

Grameenphone's net profit rose 36.3 percent year-on-year to Tk 1,080.44 crore in the April-June period, the highest in a single quarter in the operator's history, helped by an unused portion of tax provisioning as well as growth in voice and data revenue.
16 July 2018

Current account deficit set to cross record $10b

Bangladesh's current account deficit is set to cross the $10 billion mark for the first time in history as the country's capacity to export continues to lag behind its appetite for imports.
16 July 2018

Roadshows to draw foreign funds in hi-tech parks

Bangladesh Hi-Tech Park Authority is set to organise roadshows in different cities around the world from September to attract foreign investors, including non-resident Bangladeshis.
15 July 2018

Lift weight limit for vehicles

Chittagong-based business leaders yesterday threatened to shut down the wholesale hub in Khatunganj and stop transporting goods if the weight limit on the vehicles plying on the Dhaka-Chittagong highway is not lifted within a week.
15 July 2018

Too many offers baffle mobile users

The telecom regulator has stepped in to protect customers by way of stopping mobile phone operators from confusing subscribers with hundreds of voice and data offers.
15 July 2018

Accolade for export heroes

Commerce Minister Tofail Ahmed yesterday handed over the national export trophies to owners of 63 companies for their extraordinary export performance in 2014-15.
15 July 2018

Mistrust towards banks an 'ominous sign'

A slight mistrust towards the country's banking sector has recently emerged in people's minds, which is an “ominous sign” for banks, said Bangladesh Bank Governor Fazle Kabir yesterday.
14 July 2018

State banks' loss-making branches shrink

State-run banks saw a significant decline in the number of loss-making branches last year as Bangladesh Bank's plan to reinvigorate the institutions is at long last bearing fruit.
14 July 2018

Export stars to be awarded today

The government will honour 63 companies today with export trophies for their extraordinary performance in fiscal 2014-15.
14 July 2018

Farmers Bank fails to pay import bills

Farmers Bank is now under pressure to settle its overdue payments for import, with a number of foreign missions dangling the threat of blacklisting the troubled lender if it does not pay back immediately.
14 July 2018

Mistrust over banking sector an ominous sign: BB governor

A slight mistrust has been created among the people over the country’s banking sector in recent time, which is an “ominous sign” for the banks, Bangladesh Bank Governor Fazle Kabir says.
14 July 2018