• Images

    Banks reluctant to extend BB’s RTGS service to clients

    AKM Zamir Uddin | Updated at 11:00pm on June 13, 2017

    The real-time gross settlement (RTGS) system of Bangladesh Bank is yet to get momentum for settling the high-valued amounts as banks are reluctant to extend the service to their clients and corporate entities...

  • Images

    Eligibility for raising fund from capital market eased

    Staff Correspondent | Updated at 10:59pm on June 13, 2017

    The Bangladesh Securities and Exchange Commission has eased rules related to enterprises’ eligibility to raise fund from the capital market under the fixed price method of initial public offering...

  • Images

    Govt submits to ILC time-bound action plan on labour rights

    Moinul Haque | Updated at 10:42pm on June 13, 2017

    The government has promised to produce the draft of the revised EPZ law before an International Labour Organisation committee by the end of November and that of the revised labour law by the end of December this year with necessary changes in the laws in line with the recommendations of the ILO...

  • Images

    Peoples Insurance gets new chair, vice-chair

    Business Desk | Updated at 11:39pm on June 12, 2017

    Shahjada Mahamud Chowdhury and Jafar Ahmed Patwari were elected chairman and vice-chairman of Peoples Insurance Company Limited respectively, said a news release...

  • Images

    IPO quota for affected investors extended by 6 months

    Staff Correspondent | Updated at 11:38pm on June 12, 2017

    The finance ministry has extended by another six months the 20-per cent quota facility in the initial public offerings for the small-scale investors who were affected by the 2010 market crash...

  • Images

    NBFIs asked to pay deposit to nominee after depositor’s death

    Staff Correspondent | Updated at 11:37pm on June 12, 2017

    Bangladesh Bank on Monday asked the non-bank financial institutions to pay the deposit of a depositor to his/her designated nominee after the death of the depositor....

  • Images

    Capital machinery imports surge 48pc in 10 months despite sluggish business

    Staff Correspondent | Updated at 11:35pm on June 12, 2017

    The imports of capital machinery increased by 48.10 per cent in the first 10 months of the current fiscal year of 2016-17, as against 12.24 per cent growth during the same period a fiscal year ago, strengthening a suspicion of money laundering as the growth came amid dull investment situation in the country...

  • Images

    BTRC recommends ministry cancel Citycell’s licence

    Staff Correspondent | Updated at 11:33pm on June 12, 2017

    The Bangladesh Telecommunication Regulatory Commission has recommended that the posts and telecommunications ministry cancel the licence of out-of-operation mobile phone company Citycell over payment dispute...

  • Images

    Declining remittance to hit consumption: Moody’s

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 11:32pm on June 12, 2017

    Bangladesh’s Ba3 stable sovereign credit profile is supported by the robust growth of an economy that is bolstered by garment manufacturing industry exports, says Moody’s Investors Service in a report....

  • Images

    Ratification of amended APTA gets cabinet nod

    Staff Correspondent | Updated at 11:15pm on June 12, 2017

    The cabinet on Monday approved a proposal for ratification of the Second Amendment to the Asia-Pacific Trade Agreement, a preferential trade deal among countries of the Asia-Pacific region, rearranging tariff regime for its member countries...