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  • A file photo shows farmers husking harvested paddy at a village in Dhaka. 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. — New Age photo

  • A file photo shows a mobile phone user operating a BlackBerry handset in Dhaka. The BTRC 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. — New Age photo

  • Kevin John Steele

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BB’s relaxed loan rescheduling policy no boon for farmers

A file photo shows farmers husking harvested paddy at a village in Dhaka. 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. — New Age photo
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

Reserve tops $19b as BB buys $7.72b in 19 months

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

Only 33pc of ADP implemented in 7 months

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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BTRC asks two telcos to stop BlackBerry service

A file photo shows a mobile phone user operating a BlackBerry handset in Dhaka. The BTRC 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. — New Age photo
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

Political uncertainty to weaken economic activities: S&P

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

Pre-polls violence lowers GDP growth: ADB

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

Biman MD asked to show cause for bypassing ministry

 Kevin John Steele
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

Last DC-10 goes on farewell flight today spending Tk 5cr

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

Stocks rebound on BB’s suggestion to banks

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

Robi to facilitate ONE Bank’s OK mobile banking

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

DSE forms 5 bodies to introduce corporate governance structure

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

Kabir Reza gets CIP status

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 prices mixed

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


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