Business

Per capita income hits $1,909

Business Report The country’s per capita income growing fast with average income level rise at national level. Its per capita gross national income (GNI) shot up more than 9 percent to $1,909 during 2017-18 from $1,751 a year ago, showed official figures released provisionally on Wednesday last. The GNI means all income of a country’s […]

Business

CURRENCY PROBE

Qatar freezes new business for First Abu Dhabi Bank Reuters, Doha Qatar will no longer permit First Abu Dhabi Bank, the largest bank in the United Arab Emirates (UAE), to provide services for new customers in Doha, its regulator said, amid a probe over alleged currency manipulation after the Gulf rift. Qatar’s central bank has […]

Business

CYBER HEIST

RCBC files defamation case against Bangladesh Bank Inquirer, Manila Philippine’s Rizal Commercial Banking Corporation today said that it filed a defamation suit against the central bank of Bangladesh for “baseless allegation” in connection with the $81-million cyber heist three years ago. The case filed with the Regional Trial Court in Makati City of Manila on March 6 […]

Business

INDISCIPLINE IN BANKING SECTOR

Central bank must restrain controversial moves Business Report The banking sector needs immediate reform to save it from major setback. The government is trying to use it at its will to secure big loans for mega projects bypassing the central bank’s regulatory authorities. The finance ministry has set up a committee to review the central […]

Business

INDO-BANGLA AUTOMOBILES SHOW HELD IN CITY

Govt is mulling new policy to make cars locally Business Report Bangladesh is mulling scope for developing automobile manufacturing commercially under joint venture with foreign investors to meet the country’s growing domestic demands and export to countries offering duty free access to products made in the country. This is a major policy shift in the […]

Business

EXPORT ORDER, GDP WILL BE UP

US-China trade war a boon for Bangladesh Business Report The trade war between USA and China is bringing boost to Bangladesh economy by way of boosting garment export as western buyers are shifting orders here and by pushing GDP growth substantially upward. Asian Development Bank chief economist Yasuyuki Sawada said it last week at a […]