Banks generous in rural deposit sourcing, miserly in lending

Dhaka, Dec. 26 -- Banks are increasingly sourcing deposit from the countryside but their focus on rural Bangladesh keeps fading following tightfisted disbursement of formal credits, widening urban-rur... Read More

BGMEA sets new membership criteria to ensure factory safety, operational standards

Dhaka, Dec. 26 -- The apex body of the country's apparel sector has introduced a set of new criteria for granting membership, including minimum factory space and machinery requirements, aiming to ensu... Read More

Four die as launches collide on Meghna River amid dense fog

Dhaka, Dec. 26 -- At least four people have been killed after a head-on collision between two passenger launches on the Meghna River in Chandpur amid dense fog. The collision occurred around 2:30 am ... Read More

Transport services may face disruption due to thick fog: Met office

Dhaka, Dec. 26 -- Moderate to thick fog may temporarily disrupt air navigation, inland river transport and road communication in different parts of the country, according to the Bangladesh Meteorologi... Read More

Election aspirants to get e-return filing services on holidays

Dhaka, Dec. 26 -- The National Board of Revenue (NBR) has opened a special helpdesk to facilitate submission of online income-tax returns on holidays by individuals intending to contest the upcoming n... Read More

Central bank's initiatives to curbcritically swollen NPLs

Dhaka, Dec. 26 -- Commendably, Bangladesh bank is now well-aware of the causes of poor recovery of defaulted loans as well as delayed case disposal and trying to mitigate the crisis of non-performing ... Read More

Non-life insurers barred from using agents as IDRA scraps commissions

Dhaka, Dec. 26 -- The Insurance Development and Regulatory Authority (IDRA) has imposed a complete ban on agent commissions in the non-life insurance sector, introducing stricter rules on salary and b... Read More

Cold wave approaches as winter peaks

Dhaka, Dec. 26 -- The feeling of cold has intensified across Bangladesh over the last five days, mainly due to a slump in day temperature, up to 8degC, as the country approaches its coldest winter mon... Read More

Metro rail strike averted, still uncertainty persists

Dhaka, Dec. 26 -- The metro-rail operator has narrowly averted a fresh strike after its board approved long-pending service rules last week, easing immediate tensions with agitating staff. However, o... Read More

AIIB to lend $881m for modernising BREB's power supply networks

Dhaka, Dec. 26 -- The Asian Infrastructure Investment Bank (AIIB) is set to provide US$881 million to help modernise electricity distribution networks in four divisions, aiming to enhance the reliabil... Read More

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