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    Banks asked to help flood-hit people

    Staff Correspondent | Updated at 12:25am on July 13, 2017

    Bangladesh Bank on Wednesday requested all banks and non-bank financial institutions to extend their assistance for rehabilitation of the flood affected people under the corporate social responsibility programme...

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    12 DMDs appointed at 7 state-owned banks

    Staff Correspondent | Updated at 12:23am on July 13, 2017

    The government has appointed 12 deputy managing directors at seven state-run banks and Investment Corporation of Bangladesh. The finance ministry issued a circular on Tuesday in this regard giving promotion to the 12 officials from their earlier posts of general manager...

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    Rupali issues show-cause notice to 3 CBA leaders

    Staff Correspondent | Updated at 12:19am on July 13, 2017

    State-owned Rupali Bank has issued a show-cause notice to its three CBA leaders on charge of physically assaulting the general manager, deputy and assistant general managers of the bank’s local office...

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    FinMin allocates Tk 100 crore to Energy Division

    Staff Correspondent | Updated at 12:17am on July 13, 2017

    The finance ministry has allocated Tk 100 crore from the Gas Development Fund to the Energy Division on three conditions, officials said. Finance minister AMA Muhith, who recently approved the allocation, asked the Energy Division to implement only development projects with the fund...

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    2,000 industries wait for gas connection: minister

    Staff Correspondent | Updated at 12:16am on July 13, 2017

    At least 2,000 industrial units waiting for going to production would have to wait further until April 2018 for want of gas connection, state minister for power, energy and mineral resources Nasrul Hamid said on Wednesday...

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    BB may raise pvt sector growth target in MPS

    Staff Correspondent | Updated at 12:15am on July 13, 2017

    Bangladesh Bank may increase the private sector growth target slightly in the coming monetary policy statement (MPS) for July-December of 2017 with a view to achieving the GDP growth of 7.40 per cent set by the government for this fiscal year...

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    BB takes initiative to make DIBOR vibrant

    AKM Zamir Uddin | Updated at 12:10am on July 13, 2017

    Bangladesh Bank has taken an initiative to make vibrant the Dhaka Interbank Offered Rate (DIBOR) to fix a uniform interbank interest rate for short-term loan within this year...

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    Dhaka’s waste can produce 60MW electricity, minister tells JS

    Staff Correspondent | Updated at 06:51pm on July 12, 2017

    The state minister for power, energy and mineral resources, Nasrul Hamid, on Wednesday told parliament that 60 megawatt waste-fueled electricity can be produced by modern...

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    Dhaka stocks end flat amid profit taking

    Staff Correspondent | Updated at 11:04pm on July 11, 2017

    Dhaka stocks ended flat on Tuesday with the rise of turnover because of late-hour profit taking sales following early gains. The key index of the bourse, DSEX, increased 0.06 per cent, or 3.58 points, to close at 5,830.77 points on Tuesday after gaining 82 points in the previous two sessions...

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    Global buyers cut business ties with 12 more RMG factories

    Staff Correspondent | Updated at 11:03pm on July 11, 2017

    Western retailers’ and buyers’ groups cut business relations with 12 more Bangladeshi readymade garment factories in June on charge of failure in implementing workplace safety measures in their manufacturing units...