Banking

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    Indonesia surprises with rate hike

    Agence France-Presse . Jakarta | Updated at 12:00am on November 16, 2018

    Indonesia hiked interest rates again Thursday as weak trade data and a slumping currency prompted the central bank to boost borrowing costs for the sixth...

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    Govt interventions behind large loans rescheduling

    Staff Correspondent | Updated at 12:00am on November 14, 2018

    Bangladesh Bank director Aftab ul Islam, also former president of American Chamber of Commerce in Bangladesh, on Tuesday said that the country’s financial health was...

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    Wall Street titan Goldman Sachs ‘cheated’ Malaysia: Mahathir

    Agence France-Presse . Singapore | Updated at 12:00am on November 14, 2018

    Goldman Sachs ‘cheated’ Malaysia, its leader Mahathir Mohamad said, after two former bankers from the Wall Street titan were charged over a scandal that allegedly...

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    BSEC grills Commerce Bank Securities top brass over share ‘price rigging’

    Staff Correspondent | Updated at 11:33pm on November 12, 2018

    Bangladesh Securities and Exchange Commission on Monday grilled top brass of Commerce Bank Securities and Investment, a brokerage firm, over allegation of price rigging of...

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    Bank scams, governance main challenges for next govt

    Staff Correspondent | Updated at 11:03pm on November 12, 2018

    Economists on Monday identified irregularities in the financial sector and lack of good governance as the main challenges that the next government would face in...

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    MTB to issue UnionPay cards

    Business Desk | Updated at 12:00am on November 12, 2018

    Mutual Trust Bank has signed a partnership agreement with UnionPay International, the largest card payment organisation in the world in terms of number of cards...

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    BB extends application submission deadline for software export subsidy

    Staff Correspondent | Updated at 12:00am on November 12, 2018

    Bangladesh Bank has extended time to apply for getting subsidy on export of software, ITES and hardware in the fiscal year 2017-2018 by 30 days.The...

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    Public-pvt coop required to achieve growth target: seminar

    Staff Correspondent | Updated at 12:00am on November 12, 2018

    Loan and grant projects of Asian Development Bank have created huge business opportunity in the country and now it is the time for the private...

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    SME loan not adequate for 56pc women entrepreneurs: BIDS study

    Staff Correspondent | Updated at 12:00am on November 12, 2018

    Majority of the female small and medium entrepreneurs have reported that the current loan limit for the SME sectors is inadequate considering the financial need...

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    Dhaka Bank re-appoints Mahbubur as MD

    Business Desk | Updated at 12:00am on November 11, 2018

    Syed Mahbubur Rahman has been renewed as the managing director and CEO of Dhaka Bank, said a press release. Prior to his joining DBL, he...

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