IFIC Bank has moved to auction the DuSai Resort & Spa, a high-end hotel located in Moulvibazar for its failure to repay more than Tk 87.56 crore in loans.

The lowest-ranked team coming into their own World Cup, Russia have sparkled since the action began -- and perhaps the secret to their success is not just their ability on the ball but good old-fashioned industry.

Default loans at nine new private banks more than trebled to Tk 1,761 crore in the first quarter of 2018 from the same period a year ago mainly because of illicit lending practices, according to Bangladesh Bank data.

Bangladesh is progressively becoming one of the more important countries for the Asian Infrastructure Investment Bank, with the China-led multilateral lender looking to bankroll energy and transport projects in the country.

The crisis in the banking sector will linger unless the government takes effective measures to tackle the growing trend of financial scams and bad loans, said analysts yesterday.

Norfund, an active strategic minority investor wholly owned and funded by the Norwegian government, will provide a concessional loan of $20 million to Mutual Trust Bank for socio-economic development of Bangladesh.

The value-added tax on internet use might be cut by 5 percentage points from the existing 15 percent to meet a longstanding demand of the ICT businesses.

Though there are many private television channels in the country, 83 per cent television viewers still watch Bangladesh Television (BTV), Information Minister Hasanul Haq Inu tells Parliament.

Annual budgets are widely reported and its components hotly debated, as it usually provides insights on the direction of overall public policy that impinges on a broad spectrum of our lives and livelihoods.

Samsung halts local assembly of one lakh pieces of 4G enabled smartphones because of the sudden 15 per cent hike in VAT in the proposed budget.

The owners of private commercial banks have decided to bring down the lending rate at 9 per cent and deposit rate at 6 per cent from next month.

The Anti-Corruption Commission (ACC) will file six appeals with the Supreme Court challenging the High Court verdict that granted bail to Fazlus Sobhan, former deputy managing director of BASIC Bank, in six loan-scam cases.

Eight state-run banks accounted for more than half of the Tk 88,589 crore default loans in the banking sector at the end of the first quarter of 2018 as their unbridled indiscipline continues to weigh down the entire industry.

Etihad Airways is set to suspend its flights between Abu Dhabi and Dhaka from October 1, making it the fourth airline to suspend operations in Bangladesh in recent times.

Bangladesh Bank has failed to cool down the volatility in the foreign exchange market despite an injection of more than $2.30 billion so far in fiscal 2017-18.

An alliance of 20 local non-governmental and civil society organisations yesterday urged the government to cut dependence on value added tax (VAT), as it takes a heavy toll on the poor.

No value added tax (VAT) has been slapped on inward remittance, the National Board of Revenue said yesterday.

No VAT or tax has been imposed on remittance in the proposed budget for 2018-19 fiscal year, the National Board of Revenue (NBR) says.

Opposition MPs continue their scathing attacks on Finance Minister AMA Muhith in Parliament for his 'failure' to restore discipline in the banking sector.

Nothing budges Finance Minister AMA Muhith after yesterday’s spree of attacks as he kept from commenting over the banking sector at parliament today.