BRAC Bank Wednesday launched a campaign to encourage its customers go green by subscribing to e-statements.

Finance Minister AMA Muhith will announce the national budget in parliament today amid daunting challenges to meet a lofty revenue target, facing huge deficit and managing subsidies to fulfill the IMF conditions against a $1 billion credit to overcome macroeconomic pressures.

The Hongkong and Shanghai Banking Corporation (HSBC) China has got approval of Chinese central bank to be a market maker for direct trading of local currency RMB and Japanese Yen in the inter-bank market.

The government may earmark Tk 5 billion under the Equity and Entrepreneurship Fund (EEF) next fiscal to extend equity support for some fixed risky but promising investment areas, a Bangladesh Bank (BB) official said Monday.

Lowering the corporate tax on banks will be an ‘extra privilege’ for the bankers if the central bank fails to provide adequate credits to the underprivileged sectors, former BB governor Dr Salehuddin Ahmed said. Banks and Non-Banking Financial Institutions (NBFIs) currently pay taxes at 42.5 per...

Prime Minister’s econo-mic affairs adviser Dr Mashiur Rahman said the government should find the sources of black money to reduce its surge in the economy.

The Power Division is frustrated over implementation of 24 public and private sector power projects having capacity to generate around 3197MW of electricity by 2014, due to fund shortage.Of the power projects, nine are under public sector, officials said.

The inter-bank repo rate has gone above the call money rate, leading to serious problems for some of the primary dealer (PD) banks, sources said.

Alhaj Nasiruddin, renowned businessman of the country has been elected Chairman of the Board of Directors of Social Islami Bank Ltd (SIBL) in the 270th meeting of the Board held recently.

The World Bank (WB) has termed growth of Bangladesh's gross domestic product (GDP) at an estimated rate of 6.3 per cent in fiscal 2011-12 as healthy as it is higher than the developing nations' average of 5.5 per cent.