Fire at Benapole port burns 12 goods-laden trucks

At least 12 trucks carrying imported goods from India are gutted as a fire breaks out at a truck terminal of Benapole land port in Jessore.
3 June 2018

Experts call for banking reform commission

Experts yesterday demanded that the upcoming budget contain a clear indication that a “banking reform commission” would be immediately formed to address the prevailing vulnerable situation in the banking sector.
2 June 2018

Bacchu quizzed over BASIC Bank scam

BASIC Bank's former chairman Sheikh Abdul Hye Bacchu is being interrogated by Anti-Corruption Commission (ACC) over loan scams worth Tk 4,500 crore.
30 May 2018

Credit growth slowdown imminent

The rising interest rate will put the brakes on the runaway private sector credit growth this year as entrepreneurs will be reluctant to take on high-cost funds, said a top banker.
28 May 2018

BEA wants white paper, body to recover black money

Bangladesh Economic Association (BEA) has demanded the government to publish a white paper and keep a provision for forming a commission in regardto black money in the budget for fiscal year 2018-19.
26 May 2018

Samsung ordered to pay $533m for copying iPhone design

A federal court jury in the US orders Samsung to pay Apple $533 million for copying iPhone design features in a patent case dating back seven years.
26 May 2018

Al-Arafah Islami Bank reelects top brass

Abdus Samad and Mohammed Abdus Salam have recently been reelected as the chairman and vice chairman of Al-Arafah Islami Bank respectively for a two-year term.
24 May 2018

Huawei launches 2018 version of Y3 smartphone

Huawei yesterday launched a new smartphone—Y3 2018 which runs the Go version of Android Oreo (8.1)—for the Bangladesh and global markets.
24 May 2018

Stocks bounce back, finally

Stocks soared resoundingly yesterday at last as institutional investors were slowly becoming active in the market again.
24 May 2018

Banks face dearth of ethical leaders: BIBM

The banking sector faces an acute crisis of ethical leaders, resulting in a rise in default loans, violation of codes of conduct, fraudulence and a decline in profitability, a survey found.
24 May 2018

Banks waive huge interest

Interest waivers against bad loans more than doubled to Tk 1,753 crore in 2017, with National Bank alone accounting for 37.13 percent of the sum.
24 May 2018

Record-breaking 100Gbps wireless transmission is a world first

Nippon Telegraph and Telephone Corporation (NTT) in Japan has successfully demonstrated the world's first 100Gbps wireless transmission, using a new technology that already surpasses the upcoming 5G standard. But this new tech, called Orbital Angular Momentum (OAM) multiplexing, isn't likely to roll out on a large scale before 2030.
23 May 2018

Robi loses Tk 103cr in Q1 of 2018

Robi, the country’s second-largest mobile operator, fails to register profit for the third consecutive quarter, counting net losses of Tk 103 crore in the first quarter of 2018 despite favourable growth in subscriber base and revenue.
22 May 2018

Insurers want gain tax to go

The Bangladesh Insurance Association (BIA) yesterday demanded withdrawal of a 5 percent gains tax on bonuses given to policyholders against premiums.
21 May 2018

Govt offices should use locally made software

The government should promote the use of locally developed software and ICT services in all government offices to help the sector flourish, Bangladesh Association of Software and Information Services (BASIS) said yesterday.
21 May 2018

Internet slows for undersea cable repair

People in some parts of Bangladesh are experiencing slow internet, because of the ongoing maintenance work in the Chennai portion
21 May 2018

Telecom tower business garners huge response

The telecom regulator has so far found 15 parties interested in running Bangladesh's telecom tower business, which is more than triple the number of licences up for grabs.
17 May 2018

ADB tells govt to roll out nationwide agri-insurance

The Asian Development Bank has called for government investment to scale up sustainable agriculture insurance in Bangladesh.
13 May 2018

DSE enters hi-tech era

The Dhaka Stock Exchange can brace itself for some radical technological upgrades in the near future that would take it to global standards after Shenzhen Stock Exchange (SZSE) and Shanghai Stock Exchange (SSE) became its strategic partner.
13 May 2018

iPhone users start enjoying 4G in Bangladesh

Nearly around three months after the launch of fourth-generation (4G) mobile internet, the iPhone users have started to enjoy the speedy service as the country code on the Apple handsets is unlocked.
9 May 2018