Industries
Businesses voice concern over state of law and order
Power crises are also making things extremely difficult, they say at DCCI conference
Germany to provide €180m for cooperation projects
Germany will provide around €180.81 million (approximately Tk 2,265 crore) for bilateral development cooperation projects in Bangladesh that focus on a number of mutually agreed core areas..Of the total support, €45.8 million will be in the form of technical cooperation and the rest in the
Stocks fall after two-day gains
Major indices of the stock market in Bangladesh fell yesterday on gaining for two days as investors opted for caution in their trades amidst political and economic uncertainties..The last few days were downbeat for investors and the market centring Bangladesh’s foreign credit rating being
National Bank recovers Tk 900cr bad loans till Oct
National Bank has been able to recover about Tk 900 crore of defaulted loans as of October and initiatives are underway to recover another Tk 400 crore by this year, said its chairman, Abdul Awal Mintoo, yesterday. .He was addressing a press conference at its head office in the capital’s
Deal signed for 181 million euro German financial, technical cooperation support
45.8 million euro will come as technical cooperation and 135 million euro as financial support
Six crisis-hit banks get Tk 22,500 crore BB fund
The banks are: FSIBL, SIBL, Exim, National, Union and Global Islami
Provide venture capital, private equity to startups, SMEs
Bangladesh’s future depends on creating a knowledge-driven economy, and new businesses require a supportive environment to succeed alongside funding, which can come in the form of venture capital and private equity, said speakers at a discussion recently..Venture capital is a type of finan
Exports to EU may fall 20%
Bangladesh's overall exports to the European Union (EU) may fall by as much as 20 percent due to the combined impacts of the nation’s graduation from least developed country (LDC) status and the EU-Vietnam Free Trade Agreement (EVFTA), according to a study..Mohammad Abdur Razzaque, chairma
Debt servicing surges 47% in Jul-Aug
The amount hit $589 million in the first two months of FY25
RMG owners demand greater security to keep factories open amid labour unrest
They made the demand at a press conference at the BGMEA office
Stocks rise after last week’s decline
The benchmark index of Dhaka Stock Exchange (DSE) rose yesterday on falling for two days last week as investors traded select shares to pocket short-term profits..The DSEX, the broad index of the country’s premier bourse, edged up by 18.98 points, or 0.34 percent, from that on the day prio
BB expands refinance scheme for marginalised people to Tk 750cr
The Bangladesh Bank (BB) today expanded the size of the refinancing fund meant for marginalised communities to Tk 750 crore from previous Tk 500 crore, with a priority to extend financial coverage to flood victims across Bangladesh. .The refinance fund is for the small bank account h
Govt restructures task force on bringing back money illegally taken abroad
Headed by Bangladesh Bank governor, the nine-member task force became operational with immediate effect
Islamic banks see rise in gross default loan
The banks’ unclassified rescheduled loan also rose, according to Financial Stability Report 2023
Multilateral development banks need reform to expand capabilities: analysts
Experts say at CPD, OECD webinar on the Multilateral Development Finance 2024 report
17 factories still closed in Ashulia amid worker unrest
Of the closed factories, 11 were shut down under the “no work, no pay” provision of the Labour Act, while 6 others were closed due to general holidays.
434 units at BSCIC estates are either sick or closed
A total of 434 industrial units under the Bangladesh Small and Cottage Industries Corporation (BSCIC) are either suffering over financial issues or have already closed down due to various reasons..As such, some of these units are not operating at full capacity while others are not generati