The ‘Credit Wholesaling Programme’ of the SME Foundation is getting momentum with significant rise in its credit recipients, according to SME Foundation official, reports BSS. “The collateral-free loan under the programme has become more affordable for borrowers as it is being provided…

The Anti-Corruption Commission (ACC) will interrogate four directors of Abul Khair Group on December 21 and 24 next over the allegations of dodging tax and amassing illegal wealth, reports UNB. The Commission served a notice asking them to turn up at the ACC headquarters to face the grilling, according…

Bangladesh has earned only $300 million so far and a mere 0.50 per cent growth in the Accounting BPO sector could lead Bangladesh to earn 220 million dollars more by 2020 where the overall market size of accounting BPO is expected to be US $220 billion, experts said. Experts expressed their views at…

The existing bilateral arrangements for power trading among the South Asia Subregional Economic Cooperation (SASEC) countries, including Bangladesh, need to be gradually expanded in their volume, says the Asian Development Bank (ADB), reports BSS. “Some initiatives in this regard can already be…

NRB Commercial Bank Limited has reshuffled its board of directors at an emergency board meeting which took place on Sunday, the bank said in a press statement…

Customs, Excise and VAT Commissionerate, Dhaka (East) collected Tk 529.54 crore revenue during the July-October period of the current fiscal year (2017-18), up Tk 11 crore against the target of Tk 518.54 crore, reports BSS. “We’ve a target to collect a total of Tk 2,103 crore in fiscal year…

AFP, NEW YORK:  Bitcoin surged past $18,000 after making its debut on a major global exchange but was trading lower yesterday, highlighting the volatility of the controversial digital currency that has some investors excited but others nervous. Trading on a futures contract began at 6:00 pm (2300…

AFP, KUWAIT CITY: Kuwaiti Oil Minister Essam al- Marzouk said Sunday the international crude market is expected to rebalance in the fourth quarter of 2018 after producers extended a deal to curb output. Speaking on the sidelines of a meeting for the oil ministers of the Organisation of the Arab Petroleum…

City Bank has recently joined the newly formed ASEAN Financial Innovation Network (AFIN) as the pilot bank from Bangladesh, the bank said in a press statement.…