Agrani spurns BB, keeps open Canada exchange house

Agrani Bank has kept open a thoroughly loss-making exchange house in Canada for the last one and half years by defying Bangladesh
16 December 2017

NKorean hackers behind attacks on cryptocurrency exchanges, SKorean newspaper reports

South Korea’s spy agency said North Korean hackers were behind attacks on cryptocurrency exchanges this year in which some 7.6 billion won ($6.99 million) worth of cryptocurrencies were stolen, a newspaper reports.
16 December 2017

Muhith again defends allowing new banks

Finance Minister AMA Muhith yesterday defended the decision to allow opening of new banks, saying the lenders that are not doing well would automatically merge.
12 December 2017

Economic corridor in southwest will bump up growth: ADB

The implementation of the proposed Southwest Bangladesh Economic Corridor (SWBEC) will enable the region's economic output to hit
12 December 2017

Islami Bank lends Tk 315cr bending rules

Islami Bank Bangladesh disbursed loans amounting to Tk 315 crore to Unilliance Textiles violating rules, jeopardising the interests of
12 December 2017

Netherlands tops new ranking of countries that make the world a better place

The Netherlands has emerged the world leader in a new index that aims to distinguish itself by measuring a country not by its own prosperity, but by its contribution to the "common good of humanity."
12 December 2017

Philippine bank RCBC accuses Bangladesh of heist ‘cover-up’

The Philippines bank through which $81 million stolen from Bangladesh’s central bank was channelled in February 2016 has accused Dhaka’s monetary authority of covering up its negligence and demanded that it stop making the bank a “scapegoat.”
12 December 2017

Alamgir, Chisty barred from raising shares in Farmers Bank

Bangladesh Bank has shot down requests from former Farmers Bank Chairman Muhiuddin Khan Alamgir and Audit Committee
11 December 2017

NRB Commercial restructures board

Unsettled NRB Commercial Bank yesterday restructured its board of directors in a move that is expected to help restore corporate
10 December 2017

Sales of savings tools on the rise

Net sales of savings certificates rose 8.49 percent year-on-year to Tk 17,315 crore in the first four months of the fiscal year as savers'
9 December 2017

Bangladesh Bank, NY Fed discuss suing Manila bank for heist damages

Bangladesh's central bank has asked the Federal Reserve Bank of New York to join a lawsuit it plans to file against a Philippines bank for its role in one of the world's biggest cyber-heists, several sources say.
8 December 2017

Court stays removal of NRBC Bank's MD

The High Court yesterday stayed the Bangladesh Bank's decision to remove NRB Commercial Bank's Managing Director Dewan Mujibur
7 December 2017

Shanghai set to open doors to largest Starbucks store in the world

Starbucks is about to open what they're calling their most ambitious project ever, with a massive new interactive Reserve Roastery store in Shanghai that will feature everything from augmented reality experiences to a 3D printed tea bar and coffee theater.
6 December 2017

Bacchu falls sick during quizzing by ACC

Former Basic Bank chairman Sheikh Abdul Hye Bacchu has fallen sick, during his second day of quizzing over a loan scam that rattled Bangladesh’s banking sector.
6 December 2017

Graft: Bangladesh Bank removes NRB Commercial Bank MD Dewan Mujibur

Bangladesh Bank removes NRB Commercial Bank’s Managing Director Dewan Mujibur Rahman over gross irregularities including corruption.
6 December 2017

Ireland forced to collect Apple's disputed $15b tax bill

Ireland has struck a deal with Apple to collect up to 13 billion euros ($15 billion) in back taxes and hold it in an escrow account pending an appeal before the Court of Justice of the European Union.
6 December 2017

ADB approves $583m debt financing to develop Reliance Bangladesh LNG, power project

The Asian Development Bank has approved debt financing and partial risk guarantees totaling USD583 million to develop the Reliance Bangladesh Liquified Natural Gas (LNG) and power project.
5 December 2017

Hello Kitty is the new whiskered face of United Nations tourism

The United Nations has tapped an ambassador with universal appeal to spread its message of sustainable and responsible tourism: Hello Kitty.
5 December 2017

Ctg customs starts disposing of goods of 88 containers

Chittagong Customs House yesterday started disposing of nearly 2,000 tonnes of perishable goods stuffed in 88 containers as the
4 December 2017

Now Sonali blames other banks, wants its money back

Sonali Bank yesterday pleaded with the Bangladesh Bank to help it recover Tk 895 crore that was debited from its account with the
4 December 2017