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.
2w 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
May 20, 2021
Sunflower acreage goes up on rising profits
Glee has spread around homesteads of sunflower farmers as they are expecting to make a good profit thanks to a bumper yield this year.
May 11, 2021
Small farmers produce the bulk of foods
The small, marginal and landless farmers together account for around 70 to 80 per cent of the country’s food production, said agricultural analysts.
May 9, 2021
LPG Prices: Fixed but not enforced
Consumers are being compelled to buy liquified petroleum gas (LPG) at a much higher price than the one set by the regulator.
May 7, 2021
Japan, an unfailing partner in Bangladesh’s development journey
The relationship between Japan and Bangladesh is a trusted and time-tested one. Bangladesh became Japan’s biggest recipient of official development assistance in 2020.
April 30, 2021
LPG price slashed by 7pc
The energy regulator has re-fixed the price of liquefied petroleum gas (LPG) of private companies.
April 30, 2021
Early pineapple harvest benefits farmers
An intense heatwave is sweeping across the country. The sun’s piercing rays inevitably cause streams of sweat to run off pedestrians.
April 29, 2021
Govt floats tender to lease out 25 jute mills
The government has floated an international tender to lease out 25 state-run jute mills for a period of five to 20 years even though industrialists seem uninterested on the short-term deals.
April 28, 2021
City Bank founder Deen Mohammad passes away
Prominent Industrialist and Chairman of Phoenix Group Deen Mohammad passed away at a hospital in Dhaka early yesterday. He was 83.
April 27, 2021
Edible oil prices rise again
Edible oil prices have risen for a third time in two months, making it even more difficult for low-income groups to afford the essential cooking ingredient amidst the ongoing coronavirus pandemic.
April 20, 2021
Turkey farming drops as demand crashes
Mizanur Rahman sometimes takes a look at some photographs on his mobile phone. Those are a bit old, taken about a year ago.
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