Banks go slow in raising interest rates even after BB cedes control

The interest rates on consumer loans, forced loans and overdue loans are likely to go up rapidly in the upcoming months, however.
13 May 2024, 00:47 AM

NBR may take host of measures to boost collection

The measures include keeping the tax-exempt income threshold unchanged at Tk 3.5 lakh, a move that is expected to increase revenue receipts and bring more people under the tax net.
13 May 2024, 00:47 AM

Use alternative dispute resolution to reduce NPLs

Common ADR processes include mediation, arbitration, and neutral evaluation. These processes are generally confidential, less formal, and less stressful than traditional court proceedings.
13 May 2024, 00:47 AM

Uncertain bets: bad stocks rule the roost

Investors who owned the issues of good companies that provided at least 50 percent dividend in their last financial year incurred losses in the first four months of 2024. On the other hand, people who bet on low-performing companies, which declared less than 15 percent dividends, saw their portfolio inflate.
13 May 2024, 00:47 AM

Reserves fall below $19 billion, first time in 11 months

$1.63 billion of ACU payment was settled today
12 May 2024, 15:41 PM

Deal for country’s second satellite in three months

The satellite, Bangabandhu-2, will be launched in 3 years
12 May 2024, 15:16 PM

Govt launches food systems dashboard

Food ministry, BBS and GAIN worked together for it
12 May 2024, 14:12 PM

Renata ships first drug registered in Australia

The contraceptive pill named Levonorgestrel 1.5 mg is known by its brand name of Novella-1
12 May 2024, 11:21 AM

Poverty reduction rates arithmetically correct. Do they reflect reality?

Bangladesh is doing better than many countries in reducing poverty. However, questions remain whether the data about poverty alleviation match reality, according to Prof Joe Devine, an expert on poverty, inequality, and vulnerability
12 May 2024, 07:22 AM

Bangladesh raises gold prices again 

Jewellers have hiked gold prices by Tk 1,831 to Tk 117,281 a bhori (11.664 grammes)
12 May 2024, 04:39 AM

State banks struggle while foreign lenders make hefty profit. Here’s why

Why is there such a huge discrepancy between multinational banks and state-run lenders despite operating in the same business environment? The reason is a lack of efficiency in making business decisions, business focus, and political bias.
12 May 2024, 00:30 AM

Private sector's short-term foreign debt drops

The debt stood at $11.04 billion in March, $11.07 billion in February and $11.25 billion in January, according to Bangladesh Bank.
12 May 2024, 00:30 AM

Saif Powertec not publishing financial reports for 18 months

As a result, general investors remained in the dark about the financial performance of the company during this period.
12 May 2024, 00:30 AM

No headway in curbing banks’ bad assets

The FID later backtracked following criticism from different quarters, including the International Monetary Fund (IMF), about the formation of a public corporation since state enterprises have usually underperformed in the country.
12 May 2024, 00:30 AM

Withdrawals put BASIC Bank in liquidity crisis

BASIC Bank is experiencing a deep liquidity crunch as depositors have been withdrawing money for weeks following news that the state-run lender is going to be acquired by a private commercial bank.
11 May 2024, 18:00 PM

'We must address the rising wealth, social gap'

The social and economic disparity continues to rise in the country and this has to be addressed before things get out of control, said noted economist Dr Hossain Zillur Rahman today
11 May 2024, 16:15 PM

Russell T Ahmed reelected as BASIS president

Russell T Ahmed has been reelected as the president of the Bangladesh Association of Software and Information Services (BASIS) for a two-year term..M Rashidul Hasan was elected as senior vice president of the apex tread body of Bangladesh's ICT industry..It elected two other vice pre
11 May 2024, 11:35 AM

700 TEUs of containers miss shipment at Ctg port

However, workers resumed operations today early morning
11 May 2024, 11:20 AM

Commodity prices to experience slight downturn in 2024 and 2025: World Bank

Commodity prices are projected to experience a slight downturn in 2024 and 2025 but are expected to remain above pre-pandemic levels, according to the World Bank
11 May 2024, 08:31 AM

Haor village in Moulvibazar now a hub for ridge gourd farming

The vast low-lying depressions in the northeastern part of Bangladesh, called haors in Bangla, remain inundated for almost half the year centring the monsoons.
10 May 2024, 03:00 AM