Import orders hit record high

The value of letters of credit opened in November reached a record high of $ 16.33 billion, fueled by huge import orders by the Atomic Energy Commission of Bangladesh for the Rooppur nuclear power plant. Data from the Bangladesh Bank showed that BAEC alone opened LCs worth $ 11.38 billion last month through Sonali Bank […]

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India says debt rollover risk in next five years low

The Indian Government's debt refinancing risk over the next five years is low since the amount of domestic debt that needs to be repaid each year is, on average, 5.3% of its outstanding debt. Tuesday a report. ] Refinancing risks will be further mitigated by the redemption or exchange of short-term bonds with longer land […]

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Italy moves to fine Ryanair over flight chaos

The Italian competition supervisory authority on Monday launched a non-compliance proceeding against Ryanair that could result in a fine of five million euros ($ 6 million) for the airline over recent waves of cancellations. The procedure was initiated after Ryanair ignored an order to update its website and standard emails to ensure that Italian customers […]

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BTRC invites applications for 4G licences

The regulator has invited fourth-generation (4G) mobile phone license applications to take an important step in deploying the fastest data service in Bangladesh. The Telecommunication Regulatory Commission of Bangladesh made the decision to call the mobile operators at a special meeting yesterday. He set Feb. 13 as the date for awarding spectrum. The next day, […]

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Eurogroup gets new chief | The Daily Star

Portuguese Finance Minister Mario Centeno was chosen as the new Eurogroup leader on Monday, with key work to chaperone the necessary reforms in the single currency bloc. The little-known former central banker will replace the outgoing Eurogroup leader Jeroen Dijsselbloem in January and beat his counterparts in Luxembourg, Slovakia and Latvia to win one of […]

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Dollar jumps on US tax-cut passage

The dollar advanced against major rivals on Monday after US senators snuck through a bill on tax cuts this weekend. Elsewhere, European stock markets rebounded and Asian indices diverged as traders waited for a Brussels summit on Brexit and learned that a former Donald Trump aide had agreed to cooperate with an investigation into Russian […]

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Bangladesh-Cambodia sign 10 deals | The Daily Star

Bangladesh and Cambodia have signed 10 agreements including an agreement and nine memoranda of understanding aimed at strengthening cooperation in different fields such as tourism, agriculture, aviation civil society, ICT and technical education between the two countries. The instruments were signed after the official bilateral talks between Bangladesh and Cambodia at the Peace Palace in […]

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ACC quizzes ex-BASIC Bank chairman Bacchu over scam cases

The former chairman of the BASIC bank, Sheikh Abdul Hye Bacchu, was questioned by the Anti-Corruption Commission (ACC) in scam cases. After leaving the ACC headquarters around 13:45, Bacchu told reporters that the cases were under investigation and that he would again face the investigators if we asked him. Earlier in the morning, Pranab Kumar […]

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Ex-BASIC Bank chairman Bacchu at ACC for interrogation over scam cases

The former president of the BASIC bank, Sheikh Abdul Hye Bacchu, arrived this morning at the headquarters of the Anti-Corruption Commission (ACC) to be interrogated in cases of 39; scam. He will be interviewed by several investigators of different cases, Pranab Kumar Bhattacharya, an ACC public relations officer, told the Daily Star. On November 23, […]

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