BB not giving new Islamic banking licences

More and more banks are showing interest in converting into full-fledged Islamic banks but the central bank is not giving new licences for the expansion of the shariah-compliant finance.
17 September 2017

Water: Garments’ invisible price

Bangladesh boasts as the world’s number two garment exporter. Every third European has a t-shirt made in Bangladesh on his back. Every fifth American wears jeans manufactured in Bangladesh. But this is not a story of how many million pieces we export. This is a story of the invisible price we pay every time a jeans rolls out of a factory in Bangladesh. The western buyers little know how much water, that precious resource, was used to wash and dye his shirt. The figures are mind boggling.
17 September 2017

4G auction by Dec

The telecom regulator is set to organise an open auction by December for selling spectrum in three bands, which
12 September 2017

Exports hit record high in Aug

Exports fetched $3.64 billion in August, the highest in a single month in the country's history, on the back of increased shipments of garment, frozen fish, agricultural and leather products.
10 September 2017

Bankers form anti-money laundering association

Bankers formed an association of anti-money laundering compliance officers with an aim to work closely and effectively with the Bangladesh Financial Intelligence Unit and other regulatory authorities, the association said in a statement yesterday.
10 September 2017

New managing director for SBAC

Md Golam Faruque has recently been promoted as the managing director of South Bangla Agriculture and Commerce (SBAC) Bank.
10 September 2017

Banking career open to all disciplines

Entry-level banking jobs, which offer a better pay package than many others, have become more accessible after the Bangladesh Bank yesterday instructed banks not to mention any specific discipline or university in their job advertisements.
10 September 2017

BTRC revenue hits 6-year low

BTRC's revenue collection for 2016-17 declined about 10.79 percent year-on-year to Tk 3,754.64 crore, a six-year low, apparently for a decrease in earnings under its revenue sharing policy with mobile and international gateway operators.
7 September 2017

Interest rate on deposits rises for the first time in 2.5yrs

The interest rates on deposit crept up in July, breaking a downtrend of two and a half years on the back of a rising private sector credit demand.
7 September 2017

Scotland the most beautiful country in the world: Rough Guides

Scotland's wild, rugged beauty outranked every other destination to be named the most beautiful country in the world by readers of Rough Guides.
6 September 2017

US ban on travel to North Korea kicks in

American tourist Nicholas Burkhead says he'd be happy to return to his latest holiday destination, with its beautiful scenery, great food and friendly people.
1 September 2017

Banks get a boost from Eid sales thru' credit cards

Banks are offering discounts on home appliance purchases through credit cards this Eid-ul-Azha as they look to cash in on the shopping frenzy surrounding the religious festival.
31 August 2017

Citibank Bangladesh wins digital banking award

Citibank NA Bangladesh has recently won the Global Finance Magazine country award for excellence in digital banking in corporate and institutional segments of the market for the tenth consecutive year.
30 August 2017

Robi Q2 revenue up 8.6pc

Robi's revenue crept up 8.6 percent to Tk 1,680 crore in the second quarter of 2017 on the back of solid growth in voice and data sales, brought about by the merger with Airtel in some measure.
30 August 2017

Capital shortfall of state banks alarming

Eight state banks had a capital shortfall of Tk 12,683 crore at the end of June even though they got a handsome amount of fund from the government exchequer.
29 August 2017

Huawei eyes Bangladesh’s growing smartphone market

Huawei mulls over assembling smartphones in Bangladesh after the government this fiscal year slashed the customs duty for mobile parts for assembling locally.
29 August 2017

Oppo launches A71 for Bangladesh market

Mobile maker Oppo is all set to launch its latest Selfie technology through its new camera phone A71.
28 August 2017

58pc bank branches have no fund transfer policy: BIBM

About 58 percent of the bank branches in the country do not have any policy for transferring funds from one branch to another, according to a research of the Bangladesh Institute of Bank Management.
28 August 2017

BB staff protest incentive bonus based on old pay scale

More than 100 employees of the central bank yesterday protested a decision of the Bangladesh Bank board to provide incentive bonus for fiscal 2016-17 based on the pay scale of 2015.
28 August 2017

Exporters now struggle with air shipments too

Exporters are facing serious challenges in making shipments from the Hazrat Shahjalal International Airport as many airlines have slashed their cargo transport capacity.
28 August 2017