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
February 6, 2022
Farmers to get smart cards
The government is going to introduce smart cards for farmers with an aim to provide area-based and demand-based agricultural services.
January 12, 2022
Rice price high despite new crop, ample imports
Rice prices have remained high in Bangladesh despite ample supply of the grain as farmers harvest the second biggest Aman crop, giving low-income groups a hard time amid persisting economic uncertainty.
December 11, 2021
Onion prices shoot up
The retail price of onion has gone up to Tk 80 per kg in city kitchen markets, putting the low and middle income people, already reeling from Covid-19 fallout, under more financial pressure.
November 29, 2021
Refiners seek yet another hike of edible oil price
Not even a month has gone by yet edible oil refiners are again proposing hiking prices for the fourth time this year, reasoning it to be a ripple effect of international rates.
November 10, 2021
Potato prices soar on depleting stocks
In line with the spiralling cost of other daily essentials, the retail price of potato rose sharply by 39 per cent.
November 9, 2021
Strike of goods transporters taking toll on trade
Though the strike involving public transport was withdrawn on Sunday evening, the owners and workers of vehicles engaged in transporting goods continued to enforce their countrywide protest as of yesterday evening, taking a toll on export, import and trade.
November 8, 2021
Losses pile up for traders, exporters
Losses piled up for local traders and exporters yesterday as goods could not move owing to the countrywide transport strike.
November 7, 2021
Rising Prices of Essentials: Misery piles up on the poor, middle class
Prices of many daily essentials, especially vegetables, have shot up further in the kitchen markets after transport workers enforced a strike and increased their fees in carrying goods to protest the recent fuel price hike.
November 4, 2021
Export earnings rise on volume-driven growth
Bangladesh’s exports hit a historic high of $4.73 billion in October with a 60.37 per cent year-on-year increase riding on the stunning rebound of readymade and non-readymade garment shipment.
November 3, 2021
‘Export earnings rise riding on volume-driven growth’
Bangladesh’s exports hit a historic high of $4.73 billion in October with a 60.37 per cent year-on-year increase riding on the stunning rebound of readymade and non-readymade garment shipment.
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