Barclays NatWest and Lloyds are among seven banks to share customer data with the National Crime Agency (NCA) in the largest project of its kind worldwide to tackle criminal gangs, money laundering and “dirty money” flowing through the country. Reuters revealed one year ago that more t
Export-import operations get back in full gear with the resurrection of electronic systems of port processing after a breakdown amid countrywide internet blackout. Both Chittagong Custom House and Chittagong Port Authority (CPA) have said the internet-network systems are now working smoothly in th
Large businesses paid nearly 26 per cent more Value Added Tax (VAT) in the last fiscal year, marking a record increase since the creation of the Large Taxpayers Unit (LTU). The LTU, established in 2003, collected Tk 736.60 billion in revenue, including surcharges, from its 109 units in the 2023-24
Bangladesh has been grappling to receive LNG (liquefied natural gas) cargoes for regasification after purchases due to a halt in the operation of Summit LNG Terminal at Moheshkhali following accidents. One spot cargo vessel carrying around 3.36 million British thermal unit (MMBTu) of LNG has remai
A significant decline was seen in all forms of digital banking, including internet banking, during the five-day internet outage which severely disrupted users' ability to conduct online financial transactions. The outage led to a notable drop in the usage of digital banking services, highl
