Distressed loans soar to a record Tk 4.75 lakh cr
Distressed loans at banks totalled over Tk 4.75 lakh crore at the end of 2023 – a revelation that makes for a sobering read of the actual health of this vital sector of the economy.
6d ago
Minimum 2% shareholding for board membership a reason behind banking sector ills
Referring to the legal provision requiring a 2 percent shareholding in a commercial bank to become a director, Abdul Mannan, chairman of First Security Islami Bank (FSIB), said this has driven away seasoned banking leadership from boardrooms and allowed infamous individuals like S Alam into banking leadership roles.
1w ago
Beximco seeks extension of loan tenure by 10 years
Beximco has sought support from the government to extend the repayment period of its liabilities to Janata Bank over the next 10 years, including a two-year moratorium.
1w ago
Forex market on the mend as remittances rebound
After a prolonged period of crisis, the foreign exchange market in Bangladesh, especially the interbank forex market, is showing signs of recovery, driven by a rebound in remittance receipts and key policy interventions by the central bank.
2w ago
Salman loses grip on IFIC Bank
The Bangladesh Bank yesterday constituted a new board of directors at IFIC Bank after dissolving the previous board, effectively bringing an end to Salman F Rahman’s grip on the private commercial bank.
1m ago
Islamic bank deposits grow despite irregularities
The country’s Islamic banking sector registered growth in deposits in June although several Shariah-based lenders are facing widespread scams and irregularities.
1m ago
Remittances jumped 39% in August
Remittances sent by Bangladeshis living abroad soared nearly 39 percent year-on-year to $2.2 billion in August, which is likely to ease pressure on the foreign exchange reserves to some extent.
1m ago
Orion Pharma’s Tk 132cr loan rescheduled with special approval
Orion Pharma Ltd, a pharmaceutical company of Orion Group, has been provided a rescheduling facility on a forced/demand loan by state-run Agrani Bank with special approval from the Bangladesh Bank.
1m ago
June 9, 2022
Revenue collection target set at Tk 433,000 crore
The government has set a target to collect Tk 433,000 crore as revenue in the upcoming 2022-23 fiscal year.
June 9, 2022
Budget deficit Tk 245,064 crore
The overall budget deficit for the fiscal year 2022-23 will be Tk 245,064 crore, or 5.5 percent of GDP, said Finance Minister AHM Mustafa Kamal in his budget speech today.
June 9, 2022
Tk 678,064 crore budget unveiled
Finance Minister AHM Mustafa Kamal unveiled a proposed budget of Tk 678,064 crore for 2022-23 fiscal year in the national parliament today.
May 24, 2022
Rains, floods batter Boro cultivation
Natural calamities, including the recent flash floods in haor areas caused by heavy rain amid cyclone Ashani, have damaged the production of 78,987 tonnes of boro rise this season, according to the Department of Agricultural Extension (DAE).
May 19, 2022
Mango growers fear lower yield
Yusuf Ali, a mango grower in Chapainawabganj, did not benefit much despite having an ample yield last year as the price of the popular fruit was unusually low due to the lockdown-induced disruption.
May 15, 2022
Farmers not showing interest to sell wheat to the state at lower price
The government is struggling to fulfil the target of wheat procurement from the domestic market this season as growers are not showing interest to sell the food grain to the state at a lower price.
April 13, 2022
Soybean oil solely off foreign seeds
Many of you, who know about the cultivation of soybean in Bangladesh, might think that the production of the oilseed contributes to meeting the country’s demand for edible oil to some extent.
April 7, 2022
Edible oil prices go up again
In spite of the government fixing edible oil prices recently, the prices of loose soybean oil and palm oil have gone up at both retail and wholesale markets due to a supply crisis.
March 18, 2022
Edible oil prices: Hike on despite the tax cuts
The prices of edible oil have gone up at the wholesale level yesterday despite the 30 percent tax exemption at the import and production stages.
February 21, 2022
Now eggs become costlier
Consumers in Bangladesh who are already struggling to make ends meet following the recent rise in prices of various daily essentials are now being compelled to spend more on eggs and broiler chicken meat, the low-cost sources of protein.
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