Internet users across Bangladesh have been experiencing a slowdown for the past four days as repair work on the country’s second submarine cable South East Asia-Middle East-Western Europe 5 (SEA-ME-WE-5), which was recently damaged, has yet to be completed. The repair work of the cable will
Managing Director and Chief Executive Officer of Mutual Trust Bank PLC (MTB) Syed Mahbubur Rahman has been honoured with the ‘Best Transformational Leader’ award by International Business Magazine. The award is a tribute to Rahman's dedication and innovative leadership in a competitive
State Minister for Finance Waseqa Ayesha Khan has encouraged businesses to collect funds from the country’s capital market to ease the pressure on the banking sector. “I wonder why private sector credit flow from the capital market is not discussed much,” she said at a pre-budget
The Federation of Bangladesh Chambers of Commerce & Industry (FBCCI) and the Qatar Chamber of Commerce and Industry (QCCI) have signed an agreement to establish a joint business council (JBC) to strengthen economic ties and enhance closer cooperation between Bangladesh and Qatar. An agreement was
Transparency International Bangladesh (TIB) in a statement on Tuesday said the arbitrary announcement of certain bank mergers, coupled with concerns among well-performing banks involved in the process and the unwillingness of some underperforming banks, has worsened anxiety, unrest, and uncertainty
The Bangladesh Jewellers' Association (Bajus) on Tuesday cut the gold price by Tk 3,138 per bhori, fixing good quality 22-carat gold price at Tk 1,16,290 per bhori. The apex body of gold traders changed the gold price for the 6th time in April so far. According to Bajus, the latest price of gold
Bangladesh Bank (BB) on Tuesday informed that the deposits of individual and institutional depositors in the banks which are in the process of merger will remain completely safe and secure. Even after the completion of the merger, the accountholders of two merging banks will be able to maint
Managing director of the crisis-ridden Padma Bank Tarek Reaz Khan has resigned from his position after the decision of the bank’s planned merger with Exim Bank Bangladesh. The bank’s top executive is likely to join NRB Bank as its new managing director upon approval of the Bangladesh B
The revenue board has exempted tax on interest or profits derived from offshore banking units by any depositor or non-resident loan granters. The income tax wing of National Board of Revenue (NBR) has exempted the tax by issuing a Statutory Regulatory Order (SRO) on Monday. In the SRO, the NBR sa
Standard Chartered Bangladesh recently arranged the first Indian Rupee (INR) denominated trade transaction for the multinational fast-moving consumer goods (FMCG) company Unilever Bangladesh Limited (UBL). This landmark achievement is the first cross-border import transaction to have been settled
