Chairman, Board of Directors of Pubali Bank Ltd Hafiz Ahmed Mazumder, MP, formally inaugurating the Pallabi branch of the bank as the chief guest Wednesday. Director Sk Wahidur Rahman, Managing Director Helal Ahmed Chowdhury and Additional Managing Director M.A. Halim Chowdhury also seen.

Merchant banks will now have to pay 42.5 per cent in corporate tax instead of 37.5 per cent as the revenue board has decided to treat them as 'financial institutions', officials have said. The officials of the National Board of Revenue (NBR) recently started issuing letters to different merchant...

Forty-five public and private training institutes on Wednesday signed an agreement to improve the skills of workers through the “Skills and Training Enhancement Project (STEP)”, a US$ 79 million operation supported by the World Bank (WB). The director general, Directorate of Technical Education a...

The government’s bank borrowing has started to rise once again after a pause of two-month, signalling to fuel up inflation and non-availability of credits to the ailing private sector. The government borrowed Tk 17,738 crore from banks during the first eight and half months ((July 1 through March...

Trust Bank Limited has distributed Tk 200,000 to Anandabagh Shishupalli Primary School of Fulbaria in Mymensingh. The bank has donated the amount as part of its Corporate Social Responsibility (CSR) held at the bank's head office in the city on Wednesday, said a press release.

Md. Mosharraf Hoshain Chowdhury has joined Janata Bank Limited as Deputy Managing Director (DMD) recently.

Dina Ahsan, general manager of Investment Corporation of Bangla-desh (ICB), has been promoted as the Deputy Managing Director (DMD) of Bangladesh Development Bank Limited (BDBL) yesterday.

As 2012 progresses, I expect to see many changes and improvements in the manner in which we conduct banking supervision in Bangladesh. We will constantly be more and more focused on risk, and less on routine tasks. As most of the supervisors are involved in the on-site inspection process, they wi...

The government has increased underwriting commission for the primary dealers (PDs) by 1.0 paisa (Tk 0.01) aiming to make the PD system attractive, officials said Tuesday. Under the new provisions, the PDs will get 3.5 paisa as commission for Treasury bills (T-bills) up from the existing level of...

A spike in the cost of food staples like rice and wheat could push tens of millions more people into extreme poverty in South Asia but food subsidies targeted at the poorest in the region would help them cope with still-high prices, says a report by the Asian Development Bank (ADB). South Asia’s ...