No loan waiver for wilful defaulters: Bangladesh Bank

The Bangladesh Bank has barred wilful defaulters from enjoying loan waiver facility from banks.
21 April 2022, 13:24 PM

FBCCI wants easier process for licence renew

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged the country's investment development authority to ease the process for obtaining and renewing licences in order to reduce the cost of doing business.
21 April 2022, 11:42 AM

Microfinance rebounds in FY21

Loan disbursement by microfinance institutions (MFIs) rebounded in the last fiscal year of 2020-21 as demand grew thanks to the ongoing recovery of economic activities from pandemic-induced shocks.
21 April 2022, 06:46 AM

Singer sees slump in profits

Home appliance maker and marketer Singer Bangladesh Ltd saw its profits fall by half in the first quarter of the ongoing calendar year as it had to pay an increased amount of taxes during the period.
21 April 2022, 06:39 AM

Bangladeshi entrepreneurs keen to invest in West Bengal: Munshi

Bangladeshi entrepreneurs are keen to invest in India particularly in West Bengal, Commerce Minister Tipu Munshi said today.
20 April 2022, 14:43 PM

Banks asked to track shipments to stop money laundering

The Bangladesh Bank today asked banks to track shipments of exported goods to stop trade-based money laundering.
20 April 2022, 12:22 PM

Stocks circuit breaker limit now set at 5%

The Bangladesh Securities and Exchange Commission (BSEC) has increased the circuit breaker limit to 5 per cent from the existing 2 per cent with effect from tomorrow.
20 April 2022, 10:42 AM

National budget on June 9: Finance Minister

The budget of the upcoming fiscal year will be presented on the national parliament on June 9, Finance Minister AHM Mustafa Kamal said today.
20 April 2022, 09:09 AM

War dims global economic outlook as inflation accelerates

The effects of the war will propagate far and wide, adding to price pressures and exacerbating significant policy challenges.
19 April 2022, 22:36 PM

‘Don’t charge over 1% for export development fund loan’

Banks have been asked not to impose over 1 per cent interest on the exporters after disbursing fund from their own pocket and before being reimbursed from Bangladesh Bank’s export development fund (EDF).
19 April 2022, 14:34 PM

15 stockbrokers asked to explain aggressive sale order

The Bangladesh Securities and Exchange Commission (BSEC) today served show cause notices to 15 stockbrokers for placing aggressive orders for selling shares.
19 April 2022, 13:46 PM

Rescheduling policy for short-term farm loans relaxed

The Bangladesh Bank today relaxed the rescheduling policy for short-term farm loans as it assumed that many farmers would be in dire straits in the coming days in the wake of increasing global prices of agricultural equipment.
19 April 2022, 12:12 PM

Internet speed slowed down in capital’s New Market area

The telecom operators have slowed down internet speed in the capital New Market area as per government instruction to stop further spread of clashes between students and traders.
19 April 2022, 11:58 AM

DSE returns to black

Stocks in Dhaka bourse returned to the black today after experiencing massive falls for two consecutive days.
19 April 2022, 10:07 AM

Foreign loan use rises 57% in July-March

Bangladesh’s use of foreign loans rose 57 per cent year-on-year to $6.8 billion in first nine months to March in the current fiscal year.
18 April 2022, 13:43 PM

Interest rates capped for nonbanks

The Bangladesh Bank today imposed interest rate cap on non-bank financial institutions (NBFIs), asking them to mobilise deposit by offering a maximum of 7 per cent interest and give out loans at 11 per cent.
18 April 2022, 11:28 AM

54% garment workers paid through MFS in Feb: Sanem

Around 54 per cent of the garment workers in Bangladesh were paid through mobile financial services in February and the rest through cash, a research finds.
18 April 2022, 11:12 AM

World Bank's $500 million loan for financial sector reforms

The World Bank will give $500 million loan to Bangladesh for reforms in the revenue and financial sector and upliftment of the living standards of the poor.
18 April 2022, 09:12 AM

IIDFC awards five brick kilns with Tk 2.87 crore in carbon credit

Five environment-friendly brick manufacturers have been awarded with a total of Tk 2.87 crore as carbon revenue for using clean technology that reduces coal consumption by a half.
18 April 2022, 06:59 AM

‘Take steps to stop use of network repeaters, jammers’

The telecom operators today wrote a letter to the telecom regular seeking steps to stop the further spread of the network interference devices such as repeaters, jammers and boosters, which cripple the networks to deliver quality services.
17 April 2022, 15:39 PM