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    Prime Bank posts Tk 200cr profit

    Business Desk | Updated at 10:40pm on May 18, 2020

    Prime Bank has reported Tk 200 crore in net profit after tax in 2019 on solo basis, down from Tk 219 crore reported in 2018, said a press release. It, however, registered an operating profit of...

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    46 RMG units seek central fund allocation to pay wages

    Staff Correspondent | Updated at 10:36pm on May 18, 2020

    Some 46 readymade garment factories have filed applications with the labour ministry, seeking allocation from RMG sector Central Fund to pay their workers wages before Eid-ul Fitr. The factory owners expressed their inability to...

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    Grameenphone to pay BTRC Tk 1,000 crore more today

    Staff Correspondent | Updated at 10:33pm on May 18, 2020

    The country’s leading mobile phone operator, Grameenphone, is scheduled to pay today another Tk 1,000 crore to the Bangladesh Telecommunication Regulatory Commission as per an...

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    Robi plan to issue shares to staff after IPO may face hurdle

    Mostafizur Rahman | Updated at 10:24pm on May 18, 2020

    Robi Axiata Limited is going to face hurdles with its plan to issue 13.6 crore shares to its employees after getting approval for its initial public offering, which is not in line with the laws of the...

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    Padma Bank’s 58th board meeting held

    Business Desk | Updated at 09:36pm on May 17, 2020

    The 58th meeting of the board of directors of Padma Bank was recently convened online to ensure banking services in the wake of the coronavirus pandemic, said a press release. The directors attended the online...

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    Agrani Bank, BKash disburse Tk 116.74cr from PM’s education assistant trust

    Business Desk | Updated at 09:34pm on May 17, 2020

    Agrani Bank in cooperation with mobile financial service BKash has disbursed Tk 102.74 crore among 2.1 lakh students through mobile banking and Tk 14 crore to 2,000 educational institutions through...

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    Shibli becomes new BSEC chair

    Staff Correspondent | Updated at 09:23pm on May 17, 2020

    The government on Sunday appointed Shibli Rubayat Ul Islam, the dean of Dhaka University’s Faculty of Business Studies, as chairman of the Bangladesh Securities and Exchange Commission for...

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    EDF loan limit for garments, textiles factories raised to $30m

    Staff Correspondent | Updated at 09:20pm on May 17, 2020

    The Bangladesh Bank on Sunday extended the lending limit for garments and textile factories from the export development fund to $30 million from the existing $25 million. Members of the...

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    Special incentive for bankers valid till May 29

    Staff Correspondent | Updated at 09:18pm on May 17, 2020

    Special incentive for bank employees who perform their duties by being physically present at the banks will not applicable after May 29, the Bangladesh Bank said on Sunday. There is no necessity to continue the incentive...

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    VAT returns submission picking up, but receipts dip in May

    Staff Correspondent | Updated at 09:15pm on May 17, 2020

    The submission of value-added tax returns increased by 34 per cent to 42,600 in May compared with that in April following relaxation in lockdown situation in the country and improved monitoring...