The government is set to introduce an innovative financing model under a new law to enable small businesses and startups to show their moveable assets as collateral with a view to nurturing entrepreneurs and helping them secure loans.

Sustaining small and medium enterprises (SME) requires special policy support as a lack of close ties with banks is depriving these small-scale traders of benefits of the government’s stimulus packages, said FBCCI President Md Jashim Uddin yesterday.

Banks in Bangladesh have been generous in waiving loans throughout the pandemic despite their poor record in recouping funds from defaulters.

E-commerce customers and merchants waiting for their money stuck in the central bank’s payment gateway can expect their amounts from next week, said the chief of the commerce ministry’s Digital Commerce Cell yesterday.

Selim RF Hussain, current managing director and chief executive officer of Brac Bank, has had his contract extended by around five more years till March 2026. 

The Foreign Investors’ Chamber of Commerce and Industry (FICCI) yesterday announced Naser Ezaz Bijoy as president-elect for the period of 2022-2023.

The stock market index remained flat in the first two hours of trading today.

Envoy Textiles is going to raise Tk 87 crore through issuing preference shares.

In the context of a developing country like Bangladesh, migration and resulting remittances can have crucial implications for its growth and development. Overseas migration has been working as a key means of providing employment opportunities for the growing labour force, with the remittances sent by the migrants contributing at both the macro and micro levels.

Dried fish producers of Chalan Beel which spreads across Pabna, Sirajganj and Natore districts have been left frustrated this year as their production levels have been halved by high input costs amid a scanty supply of local fish varieties.

Bangladesh should reassess the protection granted to the domestic industries in order to help them grow up and accelerate the growth of non-garment export sectors, said experts. 

Unemployed youths are now more interested in getting government jobs rather than private sector ones because of higher salaries and job security, speakers said yesterday.

City Bank, one of the oldest banks in Bangladesh, yesterday rolled out its Islamic banking service in all branches and sub-branches throughout the country.

The recovery from default loans has failed to keep pace with escalating delinquent assets in Bangladesh, hitting banks’ income and cash flow.

The United Nations declared the Convention on the Rights of the Child in 1989. But 15 years before the international treaty, Bangabandhu Sheikh Mujibur Rahman enacted the Child Rights Act in 1974 to protect children and ensure their rights.

The commerce ministry would ask Bangladesh Bank to start providing customers with refunds of advance payments that were made to e-commerce firms but got stuck with payment gateways for non-delivery of goods, said a senior official yesterday.

Most people, especially those from the middle and lower-income brackets, usually choose to buy a ready apartment or flat rather than build their own home.

Stocks gained yesterday on the back of an increased participation of investors as expectations grew that the government’s move to resolve the disputes between the Bangladesh Bank and the capital market regulator would yield better outcome.

Bangladesh now has a fleet of 80 oceangoing vessels, a record high since the country’s independence.

Bangladesh’s exports surged in November as it raked in $4.04 billion, reflecting the strong demand for apparels from the country following reopening of US and European economies from the severe fallout of Covid-19, official figures showed yesterday.