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    EU fines FB 110m euros over WhatsApp deal

    Business Desk | Updated at 09:59pm on May 18, 2017

    European Union antitrust regulators fined Facebook 110 million euros ($122 million) on Thursday for giving misleading information during a vetting of its deal to acquire messaging service WhatsApp in 2014, reports Reuters...

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    IBBL internal conflicts deepen as chairman bashes vice-chairman

    Staff Correspondent | Updated at 09:57pm on May 18, 2017

    Internal conflicts within the newly restructured Islami Bank Bangladesh Ltd’s board deepened as its chairman Arastoo Khan on Thursday alleged that IBBL vice-chairman Syed Ahsanul Alam Parvez frequently made false statements to the media against the bank...

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    BSEC forms committee to probe price hike of 4 cos’ shares

    Staff Correspondent | Updated at 09:56pm on May 18, 2017

    The Bangladesh Securities and Exchange Commission has formed a committee to investigate recent unusual price hike of shares of four small-capitalised companies...

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    Defaulted loans brining havoc to banking sector: experts

    Staff Correspondent | Updated at 09:54pm on May 18, 2017

    The rate of increase in defaulted loans in the country’s banking sector soared to 9.23 per cent in 2016, which is double the international standard, said banking experts at a workshop on Thursday...

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    MCCI calls govt for steps to cut capital flight

    Staff Correspondent | Updated at 09:35pm on May 18, 2017

    The Metropolitan Chamber of Commerce and Industry has called upon the government to take appropriate measures to check capital flights from the country in order to boost investment and economic growth...

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    Dhaka stocks back to red on defaulted loans reports

    Staff Correspondent | Updated at 11:12pm on May 17, 2017

    Dhaka stocks on Wednesday went back to negative territory again as banking sector shares dropped on news reports about rising defaulted loans. DSEX, the key index of Dhaka Stock Exchange, declined 0.11 per cent or 6.01 points to finish at 5,429.66 points on Wednesday. The index gained 7.62 points on Tuesday amid bargain hunting after a seven-day bear run...

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    Sustainable apparel forum, denim expo begins in city

    Staff correspondent | Updated at 11:10pm on May 17, 2017

    The two-day ‘Sustainable Apparel Forum 2017’ and Denim Expo began at International Convention City Bashundhara in the capital on Wednesday. Commerce minister Tofail Ahmed inaugurated the apparel forum as chief guest while principal coordinator of sustainable development goals...

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    Six banks fail to keep provision

    AKM Zamir Uddin | Updated at 11:09pm on May 17, 2017

    The overall shortfall in provision against general and defaulted loans in the banking sector stood at Tk 5,232.26 crore as of March 31, 2017 with six banks failing to keep required provision during the period...

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    Land, infra shortages challenges for investment in B’desh: China envoy

    Staff Correspondent | Updated at 11:07pm on May 17, 2017

    Chinese ambassador in Dhaka Ma Mingqiang on Wednesday termed shortage of land, inadequate infrastructure and higher import duty on industrial raw materials the main barriers to enhanced investment in Bangladesh...

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    GDP growth to be stagnant without adequate investments in infra: experts

    Staff Correspondent | Updated at 11:05pm on May 17, 2017

    The country’s economic growth would become stagnant unless adequate investment was made to develop infrastructure, said experts at a discussion meeting on Wednesday...