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Tough to recover, so go for waiver

Sonali Bank has decided to waive interest of Tk 129 crore on more than Tk 360 crore loan of Alltex Group owned by former …

PayPal service Xoom opens in Bangladesh

Digital money transferring service Xoom, a PayPal service, was launched in Bangladesh on Thursday. The …

Inflation hits 23-month high in Sept

A file photo shows a man carrying a sack of rice in Dhaka. The monthly inflation in September…

Rules relaxed for duty drawback

The revenue authority has eased the provision of physical inspection for export consignments until June 2018 to clear…

Islami Bank lending aggressively

Islami Bank’s new management has taken on a spirited approach to lending, with its loan-deposit ratio sitting dangerously…

NBR asks banks to ensure full info in import docs

A file photo shows containers in the Chittagong port. The National Board of Revenue has asked the country’s commercial banks to comply with the responsive declaration procedures in opening letter…

India fast catching up with Bangladesh

The Indian government’s massive stimulus package of Rs 60 billion, or $894 million, for boosting…

Garment exporters hit by shrinking profits

The garment exporters’ profitability has hit a rock-bottom thanks to the continued downward price pressure…

NBR plans EFD in place of ECR at shops

A file photo shows a man using an electronic cash register machine at a shop…

Exports grow by 7.23pc in Q1 amid Sept slump

A file photo shows workers sewing clothes at a readymade garment factory in Dhaka. Country’s…

BB jacks up dollar sales to keep exchange rate stable

Bangladesh Bank has already surpassed its fiscal 2016-17’s sales figure of US dollar in the…

Garment makers demand efficient ports, predictable power tariff

Garment manufacturers yesterday demanded that the government ensure efficient functioning of the Chittagong port and…

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