Bangladesh Bank’s relaxed rescheduling loan policy has brought no boon for farmers as the defaulted loans in the agriculture sector increased by Tk 818.77 crore in January, said officials of the central bank.
The loan defaulting trend in the... Full story
The country’s foreign exchange reserve crossed $19-billion mark on Wednesday for the first time as Bangladesh Bank purchased US dollars worth $7.72 billion in the last fiscal year and seven months and 19 days of the current FY 2013-14. Full story
The rate of implementation of the annual development programme dropped by 5 per cent in July-January of the current fiscal year of 2013-2014 compared with that in the same period of the last fiscal year due mainly to political unrest and the government’s... Full story
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The Bangladesh Telecommunication Regulatory Commission has asked mobile phone operators Grameenphone and Airtel to stop BlackBerry mobile phone services after its Canadian maker declined to set up a decoding system in Bangladesh, said officials concerned. Full story
International rating agency Standard & Poor’s on Wednesday warned that political uncertainties would remain high in Bangladesh for some time hurting investor confidence and weakening economic activity.
It said that the new government... Full story
Asian Development Bank on Wednesday said pre-election political unrest affected private consumption and investment to send Bangladesh’s economy down in the current fiscal year.
‘Lower GDP growth is expected in... Full story
Ministry of civil aviation has sought clarification from the Bangladesh Biman managing director after the latter corresponded with the Bangladesh Bank for loans bypassing the ministry, officials said.
Biman MD Kevin John Steele, a UK... Full story
The world’s last operating passenger DC 10-30 aircraft that Biman Bangladesh Airlines owns will make its farewell flight for Birmingham today, spending nearly Tk five crore for the week-long round trip.
The officials said the last flight of the... Full story
Dhaka stocks advanced on Wednesday after a four-day fall as investors became optimistic after Bangladesh Bank governor Atiur Rahman in the previous day asked banks not to reduce capital market exposure all of a sudden, but gradually. Full story
Mobile phone operator Robi Axiata and ONE Bank on Wednesday signed an agreement to facilitate the bank’s clients in getting ‘OK’ Mobile Financial Services, said a news release.
Robi managing director and chief executive... Full story
The Dhaka Stock Exchange has formed five committees to introduce a corporate governance structure in the bourse as part of the bourse’s demutualisation process.
Besides, the Chittagong Stock Exchange also formed five committees on the day on the same ground. Full story
Dhaka Regency Hotel and Resort chairman and British Bangladesh Chamber of Commerce chairman Kabir Reza has recently been awarded Commercially Important Person (CIP) status in hospitality sector by the Bangladesh government, said a news release. Full story
Oil was mixed in Asia on Wednesday, with extreme US weather and renewed conflict in South Sudan providing support to prices amid pressure to lock in profits from recent gains.
New York’s main contract West Texas... Full story