How new banks are faring after a decade
The government awarded licences to set up new nine banks in 2013 despite criticism from analysts and economists and initial reservations from the central bank since the number of lenders was already high in Bangladesh and approvals were largely given on political consideration.
20 July 2023, 01:00 AM
How much will Bangladesh benefit?
Bangladesh and India began settling cross-border trades in the Indian rupee (INR) last week, a development that has been hailed as a landmark for the growing bilateral commerce in general and for Bangladesh in particular.
18 July 2023, 01:00 AM
Yunnan province of China
One has to visit China to discover its incredible diversity and breathtaking beauty.
14 July 2023, 18:00 PM
Fu-Wang Foods’ stock prices soar 83% riding on old news
Fu-Wang Foods Limited stocks surged 83 per cent in the span of nine trading days despite repeated warnings from the company that it has no undisclosed information that could contribute to such a jump.
14 July 2023, 00:20 AM
A quarter of beneficiary owner accounts closed in two years
Around 6.56 lakh beneficiary owner (BO) accounts, which are needed to trade stocks, were closed over the last two years mainly due to a lacklustre condition of the primary and secondary markets of securities in the country.
12 July 2023, 00:45 AM
How foreign banks keep NPL in check while locals struggle
At a time when almost all of the local banks in Bangladesh are grappling with higher non-performing loans (NPLs), most foreign lenders have been able to keep the default rate in check.
11 July 2023, 00:25 AM
Which banks have lowest non-performing loans in Bangladesh?
13 have NPL below 3%, much lower than the sectoral ratio of 8%
10 July 2023, 15:33 PM
Bond trading in secondary market still negligible
The trading of treasury bonds in the stock exchange of Bangladesh has remained low although eight months have passed since their debut on the secondary market, owing largely to higher transaction costs and a lack of awareness among individual investors.
5 July 2023, 00:00 AM
Strong legal system needed to end default loan culture
A strong legal system is required to end the default culture and stop defaulters from using writs to defer loan repayments and secure fresh credits, said Abdul Hai Sarker, chairman of Dhaka Bank Ltd.
4 July 2023, 18:00 PM
Stock market during last fiscal year: Indices moving nowhere for floor price
The main index of the stock market in Bangladesh remained relatively unchanged over the past fiscal year as most scrips were stuck at their floor price, according to market analysts.
4 July 2023, 00:40 AM
Poverty rose in Dhaka, Barishal, Sylhet
Although the national poverty rate dropped in 2022, it rose in Dhaka, Barishal and Sylhet divisions.
27 June 2023, 18:00 PM
Non-banks’ loan recovery suffers
Loan recovery by non-bank financial institutions (NBFIs) dropped in the January-March period as businesses are facing the detrimental effect of a challenging business scenario amid the devaluation of the local currency and electricity shortages.
23 June 2023, 02:00 AM
Expanding Horizons and Future Prospects
Islamic banking has garnered people’s attention with robust growth over the last decade as a large number of people in Bangladesh prefer the Shariah-based banking system for their financial transactions.
10 June 2023, 18:00 PM
Who needs to file statement on living expenses?
The proposed income tax law has sought to make it mandatory for taxpayers in specific cases to add the statement of their living expenses with their tax returns.
9 June 2023, 04:00 AM
Moody’s rating downgrade to impact foreign investment
Corporate and foreign investors may further lose interest in the stock market of Bangladesh as the country has dropped a notch in the Moody’s Investors Service rating system.
9 June 2023, 01:40 AM
Hardly any mention of yawning inequality
The story of Bangladesh’s economic growth is predicated on solid ground.
1 June 2023, 18:00 PM
No good news for stock market investors
The stock market stakeholders have been demanding for widening the tax gap between listed and non-listed companies by lowering the corporate tax for listed companies in order to encourage more companies to go public.
1 June 2023, 14:48 PM
Gold carrying limit for travellers to be halved, taxes to rise
The government proposed going for making the Baggage Rules 2016 stricter, lower the limit for the travellers in case of bringing in gold bar or gold pieces and impose higher taxes.
1 June 2023, 11:06 AM
‘High corporate tax for banks, insurers, telcos illogical’
High corporate taxes on banks, non-bank financial institutions, merchant banks, insurance companies and telecommunication companies are not logical as their profit is not high compared to capital, said Shahidul Islam, chief executive officer of VIPB Asset Management Company.
31 May 2023, 18:00 PM
Traditional lenders fall behind Islamic banks in profit growth
Conventional lenders in Bangladesh fell behind shariah-based banks in 2022 in terms of profit growth mainly due to the lower interest rate regime.
30 May 2023, 02:30 AM