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
March 19, 2021
Pewter holds bright prospects
The once tell-tale sounds of foundries bringing household utensils into shape out of pewter, brass and copper are increasingly making a comeback in Chapainawabganj.
March 8, 2021
Gender parity among heads of government to take another 130 years
Women are increasingly entering decision-making positions but full gender parity is far from being reached as they rarely hold leadership positions in executive and legislative offices.
May 20, 2020
Amphan approaching with 15ft high storm surge
Amphan, one of the strongest cyclones formed in the Bay of Bengal, is likely to hit Bangladesh’s coast with the maximum storm surge of 15 feet height above normal astronomical tide.
May 1, 2020
How to safeguard the workplace against Covid-19
The World Health Organization (WHO) has given a set of guidelines on ways to prevent the spread of Covid-19 in the workplace.
April 26, 2020
Coronavirus pandemic: 45 districts now under complete lockdown
Forty-five districts out of 64 are now under total lockdown as a part of the government’s measures to contain the spread of coronavirus.
January 1, 2020
Top 10 innovations that can change the way we live
Over the years, technology has transformed the world and changed the way we entertain ourselves, communicate with others, stay healthy, and ensure safety and mobility. Here are the top ten innovations, the blessing of the modern technology, in 2019 that can make the world better and smarter, and change way of the human lives in 2020.
December 30, 2019
The lights won’t stop shining
This year, the nation has lost some great sons and daughters, who will not stop shining even after their death. They will live in their accomplishments and contributions to the humanity. Here is a compilation of the souls in the eve of the NEW YEAR 2020.
November 10, 2019
Dial 333 for cyclone Bulbul update
People can get the update of cyclone Bulbul and the current weather situation of their respective area or district from their mobile phone.
November 2, 2019
Onion Crisis: Long-term plan needed
Onion prices have gone beyond the general people’s reach as per kg of the cooking ingredient was selling for Tk 150 at kitchen markets in the capital on Thursday, despite government’s measures to pull the reins.
November 1, 2019
Onion price: No quick fix to bring normalcy; need long-term plan
Onion prices go beyond the capacity of general people as the prices of the essential cooking ingredient have already broken the previous records.
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