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Pubali Bank signs deal with VISA Worldwide Pte

Pubali Bank PLC and VISA Worldwide Pte Limited signed an agreement for promotion and marketing and different incentives program of VISA Card and POS acquiring business by bank, said a press release...

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Daraz 11.11 campaign set to offer exciting deals

Daraz Bangladesh is set to launch its 11.11 campaign, themed ‘THE REAL BOSS,’ with offers ranging from discounts of up to 80 per cent, a chance to win Royal Enfield Hunter 350 and a couple trip to Sri Lanka, etc...

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BB takes control of 5 Islamic banks under merger plan

Bangladesh Bank on Wednesday took control of five shariah-based banks after appointing administrators to each as part of a resolution plan to safeguard depositors’ interests and restore confidence in the banking sector.

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The myth of the egg syndicate

The previous government of Bangladesh repeatedly accused poultry companies of manipulating the price of eggs and chicken. But what really happened?...

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POWER DEAL: Govt at odds with Adani

Bangladesh government is at loggerheads with the Adani Power Plant in the Indian state of Jharkhand over a deal on import of power from the plant.

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BB keeps policy rate unchanged

The Bangladesh Bank has decided to keep its policy rate unchanged at 10 per cent amid mounting pressure from businesses to lower borrowing costs as high interest rates continue to strain corporate finances and restrict investment...

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Govt to issue Tk 2,500cr Sukuk bond

The government has decided to raise an additional Tk 2,500 crore by issuing a Sukuk or Islamic bond for rural infrastructure development in Noakhali, Feni and Lakshmipur districts...

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Summit Meghnaghat repays $190m in foreign loans

Summit Meghnaghat Power Company Limited, a subsidiary of Summit Power International, has fully repaid its long-term loans worth $190 million to an international lender consortium by October 15...

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Former IFIC Bank MD fined Tk 5cr

The Bangladesh Securities and Exchange Commission on Tuesday fined former IFIC Bank managing director Shah Alam Sarwar Tk 5 crore for his involvement in the controversial IFIC Amar Bond scam...

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BGMEA, US cotton exporters for strengthening bilateral trade

A delegation of the United States’ cotton exporters and the readymade garment manufacturers of the country held a meeting on Tuesday to strengthen bilateral trade, expand use of US cotton in Bangladesh’s apparel sector and maximise benefits from the newly announced US tariff exemptions...

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DSE, CSE see lower turnover

The country’s two stock markets, the Dhaka Stock Exchange and Chittagong Stock Exchange, witnessed a decline for the second consecutive day on Tuesday, with overall trading activity dropping...

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Indian authorities freeze assets in Ambani probe

India’s top financial crimes agency said it had seized properties worth over $846 million from firms linked to beleaguered tycoon Anil Ambani as part of a bank fraud probe...