Economy
Board yet to propose minimum RMG wage
A board formed for recommending the minimum wage for garment workers could not come up with any proposal on the monthly rates even at its third meeting held in Dhaka yesterday.
TV sales down despite Cricket World Cup
With just days to go before ICC Cricket World Cup 2023, television purchases should have naturally picked up by now, with demand primarily expected to arise from sports enthusiasts trying to make do with limited means.
Default loans hit an all-time high
Non-performing loans (NPLs) in Bangladesh’s banking sector hit a new record in June as withdrawal of a relaxed central bank policy, slowdown in business sales and deliberate non-payments pushed up the volume of bad loans to Tk 1,56,039 crore, central bank data showed.
3 banks get nod to issue bonds of Tk 1,600cr
Dutch-Bangla Bank Ltd (DBBL), Brac Bank Ltd and One Bank Ltd have got permission from the Bangladesh Securities and Exchange Commission (BSEC) to issue bonds worth Tk 1,600 crore collectively.
Perennial financial insolvency of small enterprises
Micro, small, and medium enterprises (MSMEs) perform essential economic functions as major drivers of economic growth and social progress in Bangladesh as in other countries.
Default loans reach record Tk 1.56 lakh crore
The bad loans rose by Tk 24,419 crore in the last three months to June
Treasury heads of 10 banks face fine
The banks are: Social Islami Bank, Al-Arafah Islami, Mercantile, Modhumoti, Midland, Brac, Exim, Premier, Shahjalal Islami and Trust.
Government banks and interventions in credit markets
Credit markets are often affected by market failures, which makes them prone to government interventions. While there are many ways in which governments can intervene in financial markets, a common method is through state-owned banks.
Paperfly likely to shut down
One of the post-pandemic period’s top logistics firms, Paperfly is poised to close down having stopped accepting orders since last week, in a grim reminder of the current challenges faced by Bangladesh's e-commerce sector. .“The company has stopped taking new orders since last week. After
Gold prices fall for second time in three days
From tomorrow, prices of each bhori of gold will be Tk 98,210
BGMEA demands fair prices, ethical sourcing from US brands
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) today sought fair prices and demanded ethical sourcing of garments from the US retailers and brands as the new wages for the workers are expected to be implemented from December this year.
Commerce minister urges Mexican businesses to invest in Bangladesh
Highlighting various development initiatives of the government, Commerce Minister Tipu Munshi has urged Mexico to explore economic opportunities in Bangladesh
Scrap-based apparel makers in trouble
Md Sharif Hossain, a small garment manufacturer, established a large-scale factory in Pabna sadar upazila a few years ago in a bid to manufacture apparel from garment scraps, locally known as "jhoot", and export to the Indian market..Manufacturing clothes from garments waste, namely jhoot,
Amusement parks turn over Tk 5,000cr annually
Investment in Bangladesh’s amusement and theme park segment is on the rise as investors are pumping money into the fast-expanding industry to serve visitors, according to industry people..About Tk 12,000 crore has been invested in the sector in the last two decades and about 6 lakh people
BB asks 15 banks to improve financial health
Bangladesh Bank yesterday passed directives on 15 banks through its observers and coordinators to improve their financial health.
