No need for new banks

The creation of three new banks will bring nothing good to the banking sector, because existing banks are already sealed by a large volume of unproductive loans, said yesterday a former finance minister. M Syeduzzaman said: "57 banks are too many considering the size of the economy.So there is no need to authorize a new […]

Read More →
Perk up, Shanghai: Crowds throng world’s biggest Starbucks

Starbucks opened its world's largest coffee shop in Shanghai on Wednesday as the American drinks giant focuses on the emerging coffee culture in a country traditionally known for its tea. The opening of the huge two-storey store in a downtown shopping district was crowded with hundreds of customers, some of whom were waiting more than […]

Read More →
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 […]

Read More →
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 […]

Read More →
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 […]

Read More →
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, […]

Read More →
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 […]

Read More →
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 […]

Read More →