The amount of bad loans has been spiralling in Bangladesh owing to rampant politically-motivated lending and inadequate credit risk management, according to a World Bank report.

International clothing retailers and brands yesterday expressed concern about the timely shipment of goods following the latest spell of violence stemming from the quota reform movement, imposition of curfew and five-day internet blackout, which crippled economic activities.

The DSEX declined 0.99% to end the day at 5,330

The company’s profit hits Tk 107 crore in April-June of 2024, up from last year same period’s Tk 24 crore

They gave assurance of not seeking any discount or air shipment or cancelling work orders

In the wake of escalating violent protests in Bangladesh, a massive surge in Virtual Private Network (VPN) usage has been witnessed as citizens strived to circumvent government-imposed internet restrictions

The DSEX fell 34 points, or 0.63 percent, to 5,349 till 12.06 pm

Long periods of slow economic growth can cause a jump in inequality. But a balanced set of policies can stave off that outcome

The recent shutdown has significantly impacted Bangladesh's economy with over $10 billion and climbing in estimated losses, according to the Foreign Investors Chamber of Commerce & Industries (FICCI)

Total foreign debt servicing, including repayment of the principal amount as well as interest, rose to $3.35 billion in financial year 2023-24 from $2.67 billion in 2022-23.

Salman F Rahman says in a meeting with business leaders

The move was taken to boost remittance inflow

The DSEX edged down 0.55 percent

Earlier, Palak accused these platforms of not complying with Bangladesh’s laws

The DSEX lost 0.11 percent in the first hour

Bankers are dreading a big drop in their profits as their defaulted loans are likely to increase further due to the curfew and the five-day internet blackout.

As traffic movement on highways resumed following the relaxation of the nationwide curfew imposed by the government, fuel transportation from depots to filling stations started in full swing on Wednesday.

The students’ movement for reforming the quota system in public jobs and the subsequent violence and curfew have adversely affected businesses, said Helal Uddin, president of Bangladesh Shop Owners Association.

Bangladesh’s burgeoning online food delivery sector has been severely hit by the internet disruptions, bringing operations of the platforms to a near halt.

Bangladesh is unlikely to fulfil the revenue collection target set by the International Monetary Fund (IMF) as part of its conditions for the fourth tranche of a $4.7 billion loan programme.