State banks' default loans continue to soar
Default loans of state banks, especially BASIC and Sonali, continue to swell in spite of the performance contracts and
20 February 2016
Govt gets Tk 209cr in new mobile tax in six months
The tax on mobile talk time introduced in the current year's budget raked in revenues of Tk 209 crore in the first six
18 February 2016
Sales of savings instruments soar
Sales of savings instruments rose 18.86 percent year-on-year in the first six months of the fiscal year due to higher interest rates than banks and a dull stockmarket.
17 February 2016
Tk 10,000cr sought for state banks
The Bank and Financial Institutions Division (BFID) has sought more than Tk 10,000 crore for the next two fiscal
16 February 2016
Default loans decline slightly
Banks' default loans dropped 6.22 percent to Tk 51,300 crore in the last quarter of 2015 mainly due to restructuring of big loans.
15 February 2016
Development spending lowest in six years
Development spending in the first seven months of fiscal 2015-16 was the lowest in six years, despite attempts by the government to accelerate implementation of projects.
11 February 2016
Inflation edges down in Jan
Inflation fell 3 basis points to 6.07 percent in January, propelled by a decline in food inflation, which was the lowest
9 February 2016
Proposed industrial policy brings in reforms
Two new sectors -- high-priority industry and creative industry -- will be included in the proposed industrial policy, for which the government will provide financial and policy support.
8 February 2016
Credit growth up in Dec
Private-sector credit growth reached 14.19 percent in December 2015, which is 0.69 percentage point higher year-on-year.
7 February 2016
BJMC seeks funds once again
The Bangladesh Jute Mills Corporation has once again sought a large amount of funds from the government to make its ailing mills
6 February 2016
Current account surplus doubles in five months
Bangladesh's external balance is still going strong but the central bank projects that it could weaken at the end of
30 January 2016
14km new link road gets govt nod
The government has taken up three projects aimed at ensuring smooth traffic flow on the exit routes from the capital.
27 January 2016
Sri Lanka: a star in mobile banking
Sri Lanka is one of the few countries that have been successfully running mobile banking, reaching out to 50 percent
26 January 2016
India waiting for mobile banking
Ganesh Saini, who hails from a village in Rajasthan, works at a roadside restaurant in Jaipur for Rs 6,000 every month.
25 January 2016
Telcos find new identity in India's mobile banking
India is set to launch payments banks, a mobile banking system largely dominated by telecom companies that can
23 January 2016
Price cut not on govt's mind
Bangladesh Petroleum Corporation this year is expected to log in twice the profit it counted in fiscal 2014-15 on the back of the low oil price on the international market.
The benefits of this low price, however, are yet to trickle down to the consumers.
16 January 2016
BB takes steps to spur investment
The central bank yesterday announced policy rate cuts of 50 basis points as a push to the economy, as Bangladesh strives to achieve 7
14 January 2016
Rate cuts on the way after three years
The central bank is set to cut its policy rates for the first time in three years in an effort to spur investment in the economy.
13 January 2016
Muhith to join AIIB's first meeting
The first board meeting of the China-led Asian Infrastructure Investment Bank is set to be held on January 16 in Beijing, where major
12 January 2016
Bangladesh to be second best performer this year
Bangladesh is on track to log in the second best economic growth figure this year out of 93 countries, according to American news
12 January 2016