Sep 19
Daily News Head Line
Capital shortfall of state banks alarming PDF Print E-mail

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.

In other words, the banks are a long way off from maintaining capital as per international standards.

Their private and foreign counterparts though are successfully maintaining their stipulated capital adequacy ratio, as per a report of the finance ministry, which was presented in a workshop on Sunday.

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Huawei considers smartphone assembly line in Bangladesh PDF Print E-mail

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

At present, the customs duty for mobile parts for local assembling is 1 percent, down from 20-25 percent previously. At the same time, the government doubled the customs duty on handset import to 10 percent.

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Local card transactions must go thru' national payment switch: BB PDF Print E-mail

The central bank yesterday issued a notice that mandated domestic card transactions with its national payment switch, which is yet to be EMV-compliant and remains vulnerable to fraud.

EMV, which stands for Europay, MasterCard and Visa, is a global standard for cards that uses computer chips to authenticate and secure chip-card transactions.

The notice said all point-of-sales (POS) terminals have to be connected with the NPS and transactions must go through it.

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Banks donate Tk 85cr for the flood-hit PDF Print E-mail

Private banks yesterday donated Tk 85 crore to the Prime Minister's Relief Fund for rehabilitation of flood-hit people as part of their corporate social responsibility activities.

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Maintain warm relations with EU to boost exports PDF Print E-mail

Bangladesh should focus on building a very warm relationship with the European Union (EU) countries to export more and attract foreign direct investment as well.

A good relationship can change the future investment landscape of Bangladesh as entrepreneurs of the 28 European nations are very much eager to invest in the diversified fields of the country.

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