The interim government is set to amend the Bank Company Act by reducing the board members from a single family, the BB governor tells The Daily Star

Textile millers have demanded the withdrawal of the 2 percent advance income tax (AIT) on cotton imports within a week, warning of possible factory closures otherwise..Speaking at a press conference organised by the Bangladesh Textile Mills Association (BTMA) at the Gulshan Club in Dhaka y

But 25% of the interest income must go to the Investors’ Protection Fund, says a July 3 gazette

Currently, 95 percent of claims are processed within three working days

The automated-challan will enable direct deposit to government treasury

Millers said the levy is hurting the sector

The Asian Development Bank plans to provide $1 billion in budget support to advance Bangladesh’s banking sector reforms, contingent on 25 conditions including the creation of a financial stability fund for banks facing capital shortfalls.

Around 700 private couriers form the country’s logistics backbone from cities to villages

The national semiconductor taskforce has charted a roadmap to unlock the country’s potential in semiconductors, focusing on three priority areas — skills development, business environment and policy support, and global linkages...As per the roadmap, the plan includes training program

Gold prices were little changed on Thursday as investors held back from making significant bets, awaiting US payroll data later in the day for insight into the Federal Reserve’s policy direction.

Dhaka Bank has weathered many highs and lows since its inception, and its founding Chairman Abdul Hai Sarker credits the lender’s resilience to a foundation built on good intentions..In an interview with The Daily Star ahead of the bank’s 30th anniversary tomorrow, Sarker said the focus is

The telecom regulator has decided to permit the Power Grid Company of Bangladesh (PGCB) and Bangladesh Railway to extend their optical fibre networks beyond their respective grid lines and railway tracks in a bid to improve internet connectivity across the country.

A classic and familiar office tale: Meet VP (Vice President) Mojnu. Mojnu bhai, known for his “strict leadership,” has one peculiar habit: never making eye contact.

The banking regulator is expected to soon introduce new regulations to ensure transparency and discipline in the issuance of e-money and tackle fraud using virtual money, according to officials familiar with the matter.

Twenty-one banks managed to keep their bad loan ratios under 5 percent of their total lending, even amid turbulence last year that rattled the sector and eventually pushed up the industry average of bad loans to 16.8 percent.

A high-level meeting between Bangladesh and the Office of the United States Trade Representative (USTR) ended in Washington, DC, yesterday without a major decision, despite the looming expiry of a 90-day negotiation window on July 9.

Indices of the Dhaka Stock Exchange (DSE) closed higher yesterday, extending their gains for the second consecutive day.

Local cosmetics makers have warned that the industry faces an uncertain future unless stricter controls are introduced to stop smuggling and misdeclared imports.

Bangladesh has been engaged in negotiations to sign a tariff agreement with the US

In total, the ACC is now investigating allegations against 16 NBR officials