20.0% quota in IPOs for the affected small stock investors for one year more Finance Minister AMA Muhith has approved the stock market regulator’s proposal for extending the tenure by one more year to continue 20.0% quota in all IPOs for the affected small stock investors. The extension of 20.0%
Read MoreFour companies launch int’l remittance receiving service MasterCard, Western Union, bKash, one of the world’s leading mobile financial service (MFS) providers and BRAC Bank Sunday launched a unique, international remittance receiving service in Bangladesh. The new service enables bKash’s registered customers to use their mobile phones to receive remittances from
Read MoreBangladesh Bank buying dollars to keep BDT stable Bangladesh Bank has kept on buying US dollars from scheduled banks due to the greenback’s demand slide in the business sector amidst a sluggish business environment, said officials of the central bank. The BB bought USD 105.0 million in the first seven
Read MoreGovernment rejects World Bank projection on Bangladesh GDP growth The government rejected Tuesday the World Bank’s “lower” economic growth projection for Bangladesh during the current financial year (2015-16). In a resentful rebuttal, the planning minister raised question about the data- collection method followed by the Washington-based development financier to measure
Read MoreDeposits with bank yield negative earnings Cash savers now lose out on their deposits with the country’s commercial banks as the rates of interest on all kinds of deposits have fallen to such an extent that counts negative. On the other hand, the bankers are still charging high on the
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