Twelve banks accounted for 58 per cent of the total default loans in Bangladesh in June as irregularities show no signs of abating while existing bad debts have remained unrecovered in the absence of strong action.  

Mohammad Shabuj Sheikh has cut back on food expenditure, Shibly Ahmed has eliminated all non-essential purchases for his children, and a junior banker has let go of her domestic help.  

Twenty industries are going to be honoured with the “President’s Award for Industrial Development” for their contribution to industrialisation, employment generation and overall economic development of the country, according to a notification issued by the industries ministry on August 10. 

Assistance for underdeveloped countries through subsidies has always been discussed but such assistance for middle-income countries to address challenges of their United Nations status graduation has not been discussed before, speakers told a roundtable in Dhaka yesterday.

Islamic Finance and Investment Ltd recently appointed Mohammed Mosharaf Hossain as its new managing director and chief executive officer on August 7.

Two new draft regulations on digital, social and over-the-top (OTT) media platforms will choke the sector’s growth, discourage foreign and local investment and likely violate fundamental rights such as freedom of speech and expression, said an expert yesterday. 

Bangladesh Financial Intelligence Unit (BFIU) repeatedly sought information from countries including Switzerland on money laundered by Bangladeshis, Bangladesh Bank has said.

Digital, social media and OTT platform entrepreneurs and experts demanded industry-friendly regulation so that this new media can harness the potential of the new avenue of economic opportunities.

An appellate division bench of the Supreme Court has ordered to cancel the incumbent executive committee of Dinajpur Chamber of Commerce and Industry and hold a fresh election under an administrative committee within five months.

Growers are facing trouble in retting raw jute as a lack of rainfall has reduced the availability of natural waterbodies, affecting the quality of the eco-friendly fibre being produced, according to farmers.

On Wednesday evening, Munaf Khan was sitting idle at his cash box in the clothing shop in the New Market area amid the emphatic sound of generators after the electricity went off since there were no customers. 

Defaulted loans in the country’s banking sector hit an all-time of high of Tk 125,257 crore after end of June of this year.

Private inland container depots (ICDs) have raised the charge for one of a couple of services requiring the use of diesel reasoning the August 5 price hike of fuels. 

Slowing US inflation may have opened the door for the Federal Reserve to temper the pace of coming interest rate hikes, but policymakers left no doubt they will continue to tighten monetary policy until price pressures are fully broken.

Dhaka stocks finished the week amidst sell-offs as investors were weighed down with apprehensions over the economic fallouts of a recent record fuel price hike. 

Lighter vessel owners yesterday announced a 15 to 22 per cent increase in fares for transporting imported goods on different inland water routes due to the recent hike in fuel prices.

In recent months, inflation has taken the world by storm, impacting not only Bangladesh but also countries in the first world. I have learned a few things from my wife through it all.

The government yesterday announced staggered weekends for the industrial belts in Bangladesh in a bid to ensure an uninterrupted power supply for them and save electricity. 

The government has fixed area-wise weekly closure for factories on different days in order to ensure uninterrupted power supply to industrial zones of the country.

The stocks on Chittagong Stock Exchange (CSE) kept falling for the fourth consecutive day today.