The provision shortfall in the banking sector has increased more than six times to Tk 170,655 crore over the past year, Bangladesh Bank data show, exposing the fragile financial health of commercial lenders due mainly to large-scale scams and irregularities during the previous regime.
The ongoing conflict between Iran and Israel may present a fresh challenge to Bangladesh’s readymade garment (RMG) sector, according to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
The National Board of Revenue (NBR) needs to collect Tk 141,000 crore this month to meet its revenue target of Tk 463,500 crore for the current fiscal year—an impossible task, analysts said.
The government’s total outstanding debt has increased by 2.93 percent in the first six months of the current fiscal year till December 2024 and reached Tk 1,944,171 crore, which is increasing the pressure of debt servicing in the budget.
One in three factories on six industrial estates of the Bangladesh Small and Cottage Industries Corporation (BSCIC) in Chattogram now lie idle, gathering dust due to the absence of basic infrastructure such as reliable gas and electricity, and poor access roads.
There is a growing debate in Bangladesh over whether banks’ heavy investment in treasury securities, instead of lending to the private sector, reflects a failure of the sector. After all, we have long understood that banks are supposed to lend to businesses, entrepreneurs and individuals to help drive economic growth. With private sector credit growth dwindling at 7.5 percent, some are calling for penalties or restrictions on banks that invest in treasury securities.
Oil prices retreated on Monday as fears of a wider Middle East conflict eased even as Israel and Iran pounded each other with missiles for a fourth day and threatened further attacks.
The costs of chartering tankers to move oil from the Middle East to Asia have climbed and ship bookings have slowed as the Israel-Iran conflict fuels worries of potential disruptions, industry sources told Reuters on Monday.
Chattogram port has set a new record for container handling, surpassing last year's total even before the current fiscal year ends in June, according to a statement by the Chattogram Port Authority (CPA) yesterday.
The interim government has planned to nearly double its public food storage capacity to 37 lakh tonnes in the next fiscal year.
Overall imports by the USA from the world also increased by 10.65% in the period
The conflict could trigger a spike in global oil prices, causing a rise operational costs, he says
Bangladesh's economy showed stronger growth in May as the Purchasing Managers' Index (PMI) rose by 6 points from that of April to 58.9, rebounding from a three-month slowdown since February, according to the latest PMI report.
Bad loans in Bangladesh’s banking sector hit a record Tk 420,335 crore at the end of March as a clearer picture of the toxic loan is coming to light following the political changeover in August last year.
The government proposes sharply increased commercial vehicle tax; operators warn of rising prices.
The United States is pushing Vietnam in tariff talks to reduce the use of Chinese tech in devices that are assembled in the country before being exported to America, three people briefed on the matter said.
Asian shares and oil rose amid Mideast conflict; Fed likely to have one rate cut
Vietnam "narrowing gap" with US on trade; key tariff issues unresolved
Oil prices rose amid Mideast conflict; gold gained; equities mixed; central banks eyed
China's factory output slowed; retail sales up, providing a rare bright spot
Israel’s strikes on Iran on Friday have raised the prospect of global oil prices hitting $100 a barrel. If Tehran seeks to escalate the conflict by retaliating beyond Israeli borders, it could seek to choke off the Strait of Hormuz, the world’s most important gateway for oil shipping.
Gold prices soared on Friday as investors flocked to safe-haven assets following Israeli airstrikes on Iran, re-igniting fears of a broader conflict in the Middle East.
The global commercial aviation fleet will stand just under 50,000 planes in 2044, with most built over the next 20 years, according to a Boeing forecast released Saturday.
The programme is designed to address the long-standing credit exclusion faced by farmers, small traders, workers, and rural entrepreneurs
Mission Green Bangladesh took the initiative. Over 5,000 trees were planted, with the active participation of 1,700 volunteers
The signing ceremony was held on June 3 at the BEF office in Police Plaza Concord
bKash, a leading mobile financial services (MFS) provider, has presented 14 individuals with Hisense deep freezers and 43-inch Hisense smart TVs for receiving the highest amount of remittance through its platform during the first week of a special campaign ahead of Eid-ul-Azha..JM Taslim K
The Mastercard Center for Inclusive Growth, in partnership with commerce platform ShopUp, has launched an initiative titled Porshi, aimed at equipping women-led small businesses in Bangladesh with the digital tools and skills necessary to flourish in the modern economy..Supported by the Ga
ACI Motors Limited, an automobile enterprise and a subsidiary of ACI Limited, has recently signed a strategic partnership deal with the Chinese technology firm EcoFlow to introduce a new line of portable energy solutions tailored for the Bangladeshi market..FH Ansarey, managing director of
Chinese investors have shown interest in strategic sectors in Bangladesh — including textiles, renewable energy, electronics, and agribusiness — signalling a new phase of bilateral investment cooperation, according to the Bangladesh Investment Development Authority (Bida)..The interest was
Mastercard, a leading global digital payment solutions, has joined forces with Star Cineplex to unveil the “Mastercard–Star Cineplex Exclusive Discount Campaign 2025”, launched in anticipation of Eid-ul-Azha..Running from June 1 to June 15, the campaign offers Mastercard credit cardholders
Watch today's episode of Star Explains to find out more
Watch to find out more in today's episode of Star Explains with Ahsan
In recent years, treasury bills and bond interest rates have exceeded those of savings certificates
When prices of widely consumed staples like potatoes, edible oil, sugar or onions spike and remain inflated for extended periods, it understandably hits the poor and low-income people where it hurts the most: in their wallet.
Migrant Bangladeshis sent home $2.39 billion in October
The United States is pushing Vietnam in tariff talks to reduce the use of Chinese tech in devices that are assembled in the country before being exported to America, three people briefed on the matter said.
The programme is designed to address the long-standing credit exclusion faced by farmers, small traders, workers, and rural entrepreneurs
BRAC Bank has entered into a strategic partnership agreement with Priyoshop, a platform supporting small businesses with inventory, logistics, and digital tools, to expand access to digitally processed financing for rural and semi-urban micro merchants..Syed Abdul Momen, additional managin
Eastern Bank PLC (EBL) has recently signed an agreement with Amisheè, a luxury jewellery and lifestyle brand, to offer exclusive benefits to its cardholders..M Khorshed Anowar, deputy managing director and head of retail and SME banking at the bank, and Mahmudul Hasan, head of business of
Prime Bank PLC has entered into a strategic partnership agreement with Suit Express by SARTO, a renowned clothing brand, to extend privileges to its priority banking clientele and cardholders..Md Nazeem A Choudhury, deputy managing director of the bank, and Shehzad Aaqib, founder and creat
Overall imports by the USA from the world also increased by 10.65% in the period
The conflict could trigger a spike in global oil prices, causing a rise operational costs, he says
Asian shares and oil rose amid Mideast conflict; Fed likely to have one rate cut
Vietnam "narrowing gap" with US on trade; key tariff issues unresolved
