Social Islami Bank Ltd (SIBL) launched an instant tuition fees payment service styled “edupay” at the bank’s head office in Dhaka on Monday.

Southeast Bank Training Institute organised a daylong training programme, styled “Product Knowledge of Retail Loans, Assessment Tools, and Marketing Techniques”, at its office in Dhaka on Monday.

Standard Chartered Bangladesh has partnered with Kumudini Welfare Trust of Bengal (BD) to train and provide employment opportunities for the next generation of nurses of the country.

Bank Asia Limited in association with Bangladesh Bank have organised a certificate awarding ceremony in Cox’s Bazar recently to award 26 SME entrepreneurs, who took part in a monthlong training programme.

S&P Global on Monday cut credit ratings and revised its outlook for multiple US banks, following a similar move by Moody’s, warning that funding risks and weaker profitability will likely test the sector’s credit strength.

LankaBangla Finance Ltd has changed its name to LankaBangla Finance PLC, according to a Bangladesh Bank notice yesterday.

In recent years, Bangladesh has experienced a remarkable transformation in its digital landscape, with the proliferation of e-commerce platforms playing a pivotal role. These platforms not only facilitate online buying and selling but have also emerged as powerful vehicles for providing digital financial services, fostering financial inclusion and uplifting communities.

The National Board of Revenue (NBR), in association with Genex Infosys Limited, will install electronic fiscal devices (EFDs) at retail and wholesale outlets in Bangladesh to improve the collection of value-added tax (VAT) from these sources.

Padma Bank, formerly known as Farmers Bank, is going to get over two years, until April 2028, to clear a Tk 55 crore penalty for its failure to maintain the regulator-stipulated cash reserve ratio (CRR) from 2017 to 2019. 

Bangladesh Bank’s income from foreign currency reserves has gone up 108 percent year-on-year to Tk 6,000 crore in fiscal year 2022-23, as per the central bank’s annual report. 

The Chattogram port has the potential to draw around $5 billion to $7 billion in foreign direct investments over the next three years, said Rear Admiral Mohammad Sohail, the newly appointed chairman of Chittagong Port Authority (CPA), yesterday.

Nagad wants to establish a digital bank

A six-member BGMEA delegation is now visiting Iraq

Companies are switching to the PLC (Public Limited Company) suffix in order to comply with the amended Company Act 1994

59 trucks brought in around 1,800 tonnes of the bulb

Indian food secretary says

Funding risks and weaker profitability will likely test the sector's credit strength

It was in 2007 when one of the country’s largest tea-producing companies, Consolidated Tea and Lands Company (Bangladesh) Limited, initiated a long-term plan to increase tea production. 

Textile and garment behemoths in Bangladesh have started ploughing their surplus wealth into new sectors in order to tap the potential in an economy that is growing at a healthy clip and consumers’ purchasing power is rising. 

One of the development projects undertaken on Chinese loans has been completed while eight others are being implemented in full swing following a prolonged hiatus for the pandemic, said relevant officials and Economic Relations Division (ERD).