New York's bitcoin hub dreams fade with licensing backlog

New York's financial regulator had sights set on becoming a global hub for innovations like bitcoin when it adopted trailblazing virtual
31 October 2016, 18:00 PM

WB offers $100m to fortify insurance, pension sectors

The World Bank has offered Bangladesh $100 million for strengthening the insurance sector and the private pension market so that the
31 October 2016, 18:00 PM

IFC signs $350m trade finance deal with StanChart

The IFC and Standard Chartered Bangladesh have signed a risk-sharing deal worth $350 million, which will make more trade finance available to the bank and importers and exporters of commodities in Bangladesh.
29 October 2016, 18:00 PM

Major banks mark first-ever international trade using blockchain tech

The first cross-border transaction between banks using multiple blockchain applications has taken place, Commonwealth Bank of
24 October 2016, 18:00 PM

New WB loans for infrastructure in the offing

Bangladesh is set to take loans under a new scheme of the World Bank that carries high interest rate, to meet the huge public and
22 October 2016, 18:00 PM

Merge social safety net schemes for greater benefits: WB

The World Bank yesterday advised Bangladesh to merge its overlapping social safety net programmes, introduce a unified target,
20 October 2016, 18:00 PM

Citi's e-commerce, digital tie-ups boost Asia consumer revenues

Citigroup Inc's tie-ups with e-commerce companies in Asia such as ride-hailing firm Grab and online retailer Lazada Group are boosting
18 October 2016, 18:00 PM

Govt plans to use forex reserves for big projects

The government considers borrowing from the foreign currency reserves from next fiscal year and using the amount in mega projects.
18 October 2016, 18:00 PM

Creeping signs of deflation overshadow BOJ's optimism on economy

The Bank of Japan has maintained its optimistic economic view on most of the country's nine regions but said some firms are
17 October 2016, 18:00 PM

Dollar weakens

The US dollar retreated from seven-month highs on Monday as investors evaluated whether the Federal Reserve will let inflation run above
17 October 2016, 18:00 PM

Bangladesh is a model for poverty reduction: WB chief

World Bank President Jim Yong Kim yesterday heaped praises upon Bangladesh, its people and leadership for becoming a model for
17 October 2016, 18:00 PM

Additional WB $1b for Bangladesh childcare

World Bank President Jim Yong Kim declares an additional USD 1 billion fund for Bangladesh to develop childcare in the country.
17 October 2016, 04:54 AM

Brac Bank plans to raise Tk 500cr through bonds

Brac Bank plans to raise Tk 500 crore by issuing subordinated bonds to expand business and consolidate capital base for fulfilling
10 October 2016, 18:00 PM

ADB revises up growth forecast for Bangladesh

The Asian Development Bank yesterday estimated Bangladesh's economic growth at 7.1 percent for fiscal 2015-16, which is higher
27 September 2016, 18:00 PM

Banks' capital rises

Banks' overall capital rose 1.6 percent in the April-June quarter but the capital base of state banks shrank further though they were
27 September 2016, 18:00 PM

Muhith defers release of probe report again

The government has once again deferred the release of the probe report on the Bangladesh Bank reserve heist for the sake of bringing back the money from the Philippines.
21 September 2016, 18:00 PM

Govt won’t publish BB heist probe report ‘now’

Retracting from a previous position, Bangladesh government says it will not be publishing “now” the probe report on US$101 million heist from central bank’s reserve in New York.
21 September 2016, 10:02 AM

Bangladesh economist WB head in India

Junaid Ahmad, a Bangladeshi economist, has taken over as the World Bank's new country director for India, replacing Onno Ruhl who
20 September 2016, 18:00 PM

SWIFT moves to rein in fraudulent bank transfers

The SWIFT inter-bank messaging network will launch a new tool in December to help clients identify more quickly any unauthorised
20 September 2016, 18:00 PM

SWIFT plans measure to help spot fraudulent bank transfers

The SWIFT inter-bank messaging network plans to send daily reports to clients to help them more quickly identify unauthorised payment instructions like those used by hackers to steal $81 million from Bangladesh's central bank in February.
20 September 2016, 07:54 AM