Current News

NCC Bank will hold a special board meeting tomorrow to discuss the findings of a Bangladesh Financial Intelligence Unit (BFIU) investigation that revealed that the lender’s managing director, Mosleh Uddin Ahmed, holds abnormally high deposits.

Bangladesh has lost up to $8 billion in exports between fiscal years 2012-13 and 2016-17 due to ineffectual bonded warehouse benefits for products other than apparel, said the International Finance Corporation (IFC). “Our overall export would have increased further if we could ensure bonded warehouse facility for the non-garment sector,” …

The financial industry in Bangladesh is increasingly embracing mobile application-based transaction — a move that is gaining traction and holds the potential not only to make the country a cashless economy but also a card-less one. More than 1 crore people currently use app to carry out transaction in Bangladesh, …

He also urged the project directors to be careful in spending people’s money and underscored the need for implementing projects within a short time Planning Minister MA Mannan on Sunday urged project directors to reduce expenditure of development projects. He was speaking at a workshop at the National Executive Council …

Prices of essential commodities, especially fishes and vegetables, have skyrocketed in the capital’s kitchen markets ahead of Ramadan, due mainly to supply shortage, and traders’ long standing money-mongering attitudes. During a visit to several kitchen markets in the capital, the Dhaka Tribune found prices of essential commodities has gone up …

The private-sector credit growth decelerated further in March as private banks faced liquidity pressure due mainly to lower deposits, bankers said. The growth in credit flow to the private sector came down to 12. 42 per cent in March 2019 on a year-on-year basis from 12.54 per cent a month …

Dhaka stocks sank to a 27-month low yesterday, compelling aggrieved investors to stage a hunger strike in front of the Dhaka Stock Exchange building. The DSEX, the benchmark index of the DSE, dropped 62.73 points to close at 5,175.46. In the last one month, the bourse lost Tk 29,264 crore, …

Grameenphone subscribers’ minimum call rate is set to increase by 5 paisa a minute to Tk 0.50 as part of restrictions imposed on the operator for being declared a significant market power. Currently, the minimum call rate for operators is Tk 0.45 a minute and after adding the value-added tax …

MICROSOFT is targeting to get huge business through its cloud solution segment in Bangladesh, especially from the private sector, as the country has been advancing digitally for the last few years. The global software giant has been doing business in the cloud segment in the country since 2016 and has …

US negotiators head to China on Tuesday to try to hammer out details to end the two countries’ trade war, including the shape of an enforcement mechanism, the success or failure of which could set the trajectory of ties for years to come. US Trade Representative Robert Lighthizer and Treasury …