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
September 30, 2019
Onion price shoots up by around 71% in a day
Onion price at the retail markets in Bangladesh goes up to around 71 per cent per kg within a day, the highest level in last several years, as the wholesalers reportedly jacked up the price following India’s ban on the ingredient export.
December 24, 2018
How to vote in an EVM
For the first time, Bangladesh’s parliamentary elections will be using Electronic voting machines (EVMs) and voters of Dhaka-6 and-13, Chattogram-9, Rangpur-3, Khulna-2 and Satkhira-2 will have the privilege of trying it out.
January 2, 2018
Top 10 science breakthroughs in 2017
Here are the top ten scientific discoveries of 2017 which hold the potential to enhance the advancement of human civilisation and change our very understanding of the universe as a whole.
December 27, 2016
Top five innovations by Bangladeshis in 2016
Bangladesh has had remarkable achievements in innovations at different sectors in 2016. Several Bangladeshi scientists have brought international laurels and have attributed their discoveries to the country.
January 28, 2016
Tortured BB official Rabby rejects report, dubs it false
Bangladesh Bank official Golam Rabby, who was subjected to police torture for bribe, has rejected the report submitted to the Supreme Court over the incident. “I did not do anything, they grabbed me by my collar from the behind,” he tells The Daily Star hours after the report is filed to the apex court.
December 18, 2015
Where are the 1971 mass graves, killing fields in Dhaka?
Mass graves and killing fields of Liberation War in Dhaka are hard to find now as they are almost lost owing to lack of efforts to preserve these sites where many martyrs were buried or thrown in the marshes, canals and rivers after being killed, or were burnt alive.
October 1, 2015
Bikers rule footpaths, pedestrians roads (video)
If you are told: Name a city where you can drive or walk as you like, the first answer would be Dhaka! Because people find their own ways to go around the city. Traffic signals change colors—from green to red to green again--but the drivers need not pay any attention to them. But even worst menaces are motorcycles zooming by on the footpaths or people darting through the speeding cars to cross the roads among the already chaotic traffic.
September 24, 2015
Highway to home: A tale of horror (video)
Eid-ul-Azha is on us and people are leaving Dhaka to spend the holiday with friends and families.The journey home is a joyous occasion where everyone hopes to reach their destination without any glitches, however owing to the road condition a journey becomes a roller coaster ride-not of the pleasant kind but the one that churns your insides and makes you sick.
September 17, 2015
Super cheap Nike? Get them from secondhand markets! (video)
Second hand shoe markets in Dhaka can provide customers with limited budget an opportunity to buy anything from the foreign Nike to local Apex brands between Tk 500 and Tk 3000—provided they don’t mind wearing second hand stuff.
August 3, 2015
Life in DND dam: Marooned for 2 months (video)
For two months of rainy season every year, life comes to a standstill for thousands of people living in the Dhaka-Narayanganj-Demra dam area due to waterlogging. People here either remain confined to their homes –or are forced to leave their homes temporarily to stay at their relatives’ homes far away where life is normal.
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