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The number of mobile phone subscribers in Bangladesh picked up in October snapping a four-month decline thanks to the stellar performance displayed by Banglalink. In October, mobile subscribers increased by more than 2 lakh from September’s to reach 18.16 crore, according to data from the Bangladesh Telecommunication Regulatory Commission (BTRC). …

The growth in advances in the form of term loans for industries have slowed down as businesses took a slow approach amidst the ongoing economic uncertainty while banks became conservative owing to a reduction in excess liquidity. As of September of this year, banks’ advances to industries in the form …

The Bangladesh Bank yesterday relaxed its already flexible loan repayment policy, saying the real income of borrowers has fallen due to the severe impacts of the prolonged Russia-Ukraine war. Now, borrowers will be allowed to avoid being classified as a defaulter if they clear 50 per cent of their instalments …

The ongoing football World Cup in Qatar has led local sportswear markets into a frenzy but failed to boost television sales as soaring inflation dents people’s purchasing power. Craze for Jersey Hundreds of fans rummaging through piles of jerseys to find their favourite ones despite high prices has become a …

Late finance minister AMA Muhith had tried in vain to check the deterioration of the country’s banking sector prone to loan scams. Finance Minister Clueless It turns out that Muhith’s successor AHM Mustafa Kamal is almost clueless regarding the sector as his recent comments on loan scams, including over Tk …

A successful grand public rally in capital Dhaka by the main opposition BNP defying all odds has created a new phase in the country’s politics. The party’s announcement to resign its seven members of parliament from the Jatiya Sangsad added a new dimension to this new phase. From the grand …

Domestic textile millers have requested the government to ban exports of all types of garment waste to ensure availability of the raw materials for local recycling units. They also demanded withdrawal of 7.5% and 15% VAT, respectively, on sourcing the raw materials from the local market and supplying cotton made …

As trust issues are plaguing Shariah-based Islami banks thanks to allegations of irregularities in lending, Bangladesh Bank has instructed five such banks to send daily updates on loan disbursements and collections of Tk10 crore and/or higher. The central bank Bangladesh Bank has taken this decision as part of its hands-on …

Bangladesh Brand Forum hosted the 9th edition of Digital Summit at The Grand Ballroom of Le Meridien on Saturday. Under the theme “Winning the Digital Age,” the summit was presented by Meghna Group of Industries, powered by Httpool Bangladesh, in association with Adjust & The Daily Star, reads a press …

Planning Minister MA Mannan on Saturday claimed that despite the nation’s economy being surrounded by dark clouds, there remained a ray of hope. “There have been many changes in people’s lifestyles which are impressive. As a conscious citizen, we must admit it,” he added. He spoke as the chief guest …