Banks’ interest rate spread falling A declining trend of interest rate spread in the country’s banking sector continued until November, as the commercial banks slashed their interest rates more on lending than on deposits, officials said. The weighted average spread between lending and deposit rates offered by the banks came

Export earnings hit record $3.8b in May Bangladesh’s exports fetched $3.81 billion in May this year, which was the single-month highest in the country’s history riding on the good performance of readymade garment products. Earlier, the monthly highest earnings were recorded in October last year with the exports worth $3.71

Parent Companies of GP, Robi in merger talks Norwegian Telenor Group, parent Company of Bangladesh’s leading mobile operator Grameenphone, and Malaysia-based Axiata, parent Company of another mobile operator Robi, are in negotiation to merge their Asia operations, keeping GP in and Robi out of the merged company. Officials of both

Apparel buying houses asked to get registered with DoT The government has recently directed all the buying houses in the garment and textile sector in Bangladesh to get registered with the Department of Textiles to run business in the Country. In a gazette notification issued on May 28, the textiles

Health insurance brings smile to RMG workers Garment worker Mira breathed a sigh of relief when she learnt last November that she would no longer have to bear her healthcare bills. Paying an annual premium of Tk 100, the worker of Millennium Textiles (Southern) and Fashion House Ltd in Ashulia