The banks’ unclassified rescheduled loan also rose, according to Financial Stability Report 2023

Experts say at CPD, OECD webinar on the Multilateral Development Finance 2024 report

Of the closed factories, 11 were shut down under the “no work, no pay” provision of the Labour Act, while 6 others were closed due to general holidays.

A total of 434 industrial units under the Bangladesh Small and Cottage Industries Corporation (BSCIC) are either suffering over financial issues or have already closed down due to various reasons..As such, some of these units are not operating at full capacity while others are not generati

Renata PLC reported higher revenue and profit in fiscal year 2023-24 primarily due to higher exports and lower finance costs.

Protests erupted once again in the Ashulia industrial area yesterday as readymade garment workers now demand withdrawal of cases filed against them over recent vandalism and an increase in the monthly minimum wage up to Tk 22,000 from current Tk 12,500.

Classified loans in the banking sector have exceeded Tk 211,000 crore. Various agencies are talking of almost Tk 400,000 crores of stressed assets in the banking sector, almost 25 percent of the total loans.

Referring to the legal provision requiring a 2 percent shareholding in a commercial bank to become a director, Abdul Mannan,  chairman of First Security Islami Bank (FSIB), said this has driven away seasoned banking leadership from boardrooms and allowed infamous individuals like S Alam into banking leadership roles.

United Commercial Bank (UCB) PLC is on the verge of incurring losses of around Tk 75 crore as one-third of its total share market investment has been on a lone stock that has undergone price manipulation.

There has been little progress regarding the signing of preferential trade deals by Bangladesh with major trading partners amidst the change in government following the anti-discrimination movement in July. 

Per capita foreign debt of Bangladesh more than doubled in the last eight years, according to official data, as economists attribute the hike to unplanned foreign-funded projects and corruption, ultimately ballooning the liability on low-income people, including the extremely poor.

The country also targets generating 6 crore textile jobs by that time, India’s textiles minister says

The company announced a cash dividend of 92%, up from the previous year’s 62.5%

"The government is gradually raising interest rates to curb inflation. This strategy may succeed in the short term, it should not be sustained over the long term," said Ashraf Ahmed, president of the DCCI.

Protesters took to the streets demanding reopening of closed factories, withdrawal of cases and a salary hike

The installation is scheduled by the consortium of the SEA-ME-WE 5 from 2 am to 6 am on September 29

Stock markets in Bangladesh fell sharply yesterday as investors went on a spree selling shares of 27 firms which were downgraded to the Z or junk category by Dhaka Stock Exchange (DSE)..The DSE downgraded the 27 businesses on Wednesday for violating securities laws by failing to properly p

Garment exporters have gone into manufacturing overdrive to recover from continual production disruptions over the past three months due to nationwide protests and curfews, the fallout from the ouster of the previous government, and the recent spell of labour unrest at major industrial belts.

The government’s interest payments against foreign loans surged 24.5 percent in fiscal year 2023-24, exceeding the Tk 100,000 crore mark for the first time in history, thanks to higher borrowing costs for loans from both domestic and foreign sources.

Sri Lanka’s new president called on Wednesday for restarting talks with the IMF “immediately” over a $2.9 billion bailout that threw a lifeline to his bankrupt country but imposed painful austerity.