The Sonali Bank Limited (SBL) moves to distribute allowance among 4.0 million beneficiaries under the government's social safety net programme through agent points in rural areas, officials said. The state-owned bank took the decision in order to ease pressure on its branches so that the customers can get smooth banking...
Read moreCity Bank, a private commercial bank of the country, and UnionPay International, one of the largest card payment companies in the world, signed an agreement at a ceremony in the capital recently, says a statement.Under the deal, City Bank, possessor of country's largest Point-of-Sales (POS) network, will be able to...
Read moreIslami Bank Bangladesh Limited (IBBL), a private commercial bank of the country, has signed an agreement with TRADEASSETS on online-based foreign trade management, says a statement.IBBL's Deputy Managing Director Hasne Alam and Executive Director of TRADEASSETS Azizunnesa Huq signed the deal on behalf of their respective organisations on Tuesday at...
Read moreGrameenphone's (GP) dominance as the overwhelming market leader is set to come under increased regulatory scrutiny, as BTRC has finally come up with Significant Market Power (SMP) Regulations for the country's telecom sector. The new regulations will be aimed at thwarting any act of monopoly or oligopoly in the country's...
Read moreSpeakers on Tuesday stressed the need for regulatory and policy supports in creating an enabling environment for digitising the country's microfinance industry. They also called for taking necessary preparation by the microfinance institutions (MFIs) to embrace the digital transformation and increase investment for meeting the huge initial cost of digital...
Read moreState-run Gas Transmission Company Ltd (GTCL) is now carrying out test operations of Anwara-Fouzdarhat gas transmission pipeline to initiate commercial operation by next week."We're expecting to start supplying re-gasified LNG through this pipeline by November 26," GTCL managing director Ali Mohammad Al Mamun told the FE on Tuesday.Petrobangla is expected...
Read moreSpeakers on Tuesday urged the government to ensure necessary protection measures for the women migrant workers who are contributing a lot to the country's remittance earnings. The women workers are not secured at their workplaces, especially in the Middle East countries, they said. The rights activists raised the concern at...
Read moreChairman of the Board of Directors of Bakhrabad Gas Distribution Company Limited (BGDCL) Parveen Akhter and senior officials posing for a photograph during the company's 38th annual general meeting at Bangabandhu International Conference Centre in the capital on Monday. BGDCL earned a pre-tax profit of about Tk 2.18 billion in...
Read moreISLAMABAD, Nov 20 (Reuters): Pakistan has extended talks with the International Monetary Fund (IMF) after the two sides failed to agree on the terms of a bailout package, a finance ministry official said on Tuesday, with a final deal now expected by mid-January. Pakistan is negotiating its second IMF bailout...
Read moreSEOUL, Nov 20 (Reuters): SoftBank Group Corp's Vision Fund is investing $2 billion in South Korea's top e-commerce firm Coupang, the retailer said on Tuesday, as the loss-making startup girds for battle against rivals backed by the country's cash-rich chaebol.The latest investment follows the $1 billion that SoftBank invested in...
Read moreDUBAI, Nov 20 (Reuters): Saudi Arabia's King Salman announced $3 billion in investment projects on Tuesday, the latest in a royal spending spree as the ruling family seeks to shore up support during a crisis over the murder of a journalist last month. King Salman inaugurated 151 projects in the...
Read more© 2024 - All Rights with The Financial Express
