Moody’s told outdated story of Bangladesh

Moody's Ratings is narrating an outdated story of Bangladesh, not the updated one, said Bangladesh Bank Governor Ahsan H Mansur in a webinar yesterday.
2 December 2024, 20:22 PM

Govt may cut GDP growth projection to 5.25% this fiscal year

The interim government of Bangladesh will likely revise the country’s projection of gross domestic product (GDP) growth to 5.25 percent from 6.75 percent for the current fiscal year of 2024-25..This issue was discussed at a fiscal coordination council meeting chaired by Finance Adviser Sal
2 December 2024, 19:30 PM

BTRC lifts bar on local cache for faster internet

The Bangladesh Telecommunication Regulatory Commission (BTRC) yesterday repealed a directive it had passed in 2021 restricting small and medium-sized internet service providers (ISPs) from installing cache servers for their network..This policy reversal is expected to enhance internet spee
2 December 2024, 18:43 PM

Stocks rise after two-day fall

The indices of the stock market in Bangladesh rose yesterday after falling for two consecutive trading days as investors poured funds on low-priced shares to pocket short-term gains amid price swings..The rise was led by an increase in share prices of companies like Islami Bank Bangladesh,
2 December 2024, 18:03 PM

KEPZ decides to fast-track land registration

The chief adviser became the first head of state to preside over a meeting of the KEPZ governing body in nine years
2 December 2024, 12:24 PM

Janata Bank files Tk 1,964cr default loan case against S Alam Group

Janata Bank filed a case against the industrial conglomerate S Alam Group with the Chattogram Money Loan Court on Sunday over defaulted loans amounting to Tk 1,964 crore..Chattogram Money Loan Court Magistrate Mujahidur Rahman issued an embargo on the transfer of about 7.43 crore shares of
1 December 2024, 18:02 PM

10 banks are ‘technically bankrupt’: white paper

However, the final draft of the white paper on the state of economy did not disclose the names of the lenders
1 December 2024, 15:09 PM

Remittance rises 14% in November

However, November’s inflow of $2.2 billion was 8.16% lower than the previous month
1 December 2024, 12:53 PM

Businesses will now get up to three years for payment: BB

Earlier, industries could import capital machinery under a 360-day usance term
1 December 2024, 11:09 AM

Cut import taxes on sunflower, canola oil: Tariff Commission

The Bangladesh Trade and Tariff Commission (BTTC) has recommended that the government reduce import taxes on sunflower oil and canola or rapeseed oil to offer a greater range of cooking oils in the markets..At present, crude sunflower oil importers are required to pay a total of 31 percent
30 November 2024, 18:02 PM

Businesses voice concern over state of law and order

Power crises are also making things extremely difficult, they say at DCCI conference
30 November 2024, 13:02 PM

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
28 November 2024, 18:30 PM

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
28 November 2024, 15:44 PM

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
28 November 2024, 12:02 PM

Six crisis-hit banks get Tk 22,500 crore BB fund

The banks are: FSIBL, SIBL, Exim, National, Union and Global Islami
28 November 2024, 11:16 AM

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
27 November 2024, 18:01 PM

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
27 November 2024, 15:14 PM

Extend tenure of Tk 200 crore stockmarket fund, BSEC urges BB

The commission also wants the fund dedicated for each bank to be increased to Tk 300 crore
27 November 2024, 14:08 PM

How property taxes can help low-income countries to develop

Satellites, drones, and the right policies can help countries increase revenue by up to 10 times at the local level
27 November 2024, 10:32 AM

Bank Asia aims to give half of its loans to SME, retail

Bank Asia PLC plans to increase its lending to retail and small and medium enterprises (SME) to about 50 percent of its total loan portfolio, according to its Managing Director Sohail RK Hussain..“We have extensive experience in the SME sector and are now placing stronger focus on it,” he
26 November 2024, 18:27 PM