Bangladesh
Bangladesh
Financial institutions weakening day by day
Zarif Mahmud: The fund crisis has become evident in the non-banking financial institutions of the country. The amount of deposits of the institutions has decreased, but loans have increased slightly. At the same time, the amount of defaulted loans has increased as the amount of loan recovery has decreased significantly.According…
Read More »Market mismanagement causes hike in egg price
Staff Correspondent: The price of broiler chicken eggs in the markets around the capital have soared to Tk 170-180 (Tk 14-15/piece) per dozen in a span of a week.Local chicken eggs are also being sold at Tk 220-230 per dozen in some places around the city.Market experts and people involved…
Read More »Efforts on to make ship breaking industry safe
Staff Correspondent: Environment, Forest and Climate Change Minister Md. Shahab Uddin yesterday said that the government has taken various initiatives to make the ship breaking industry safe and environment-friendly.As a result of various far-reaching measures taken by the government, 4 shipyards have already become green and more than a dozen…
Read More »Nation set to observe Mourning Day today
Farhad Chowdhury: The nation is set to observe the National Mourning Day and 48th martyrdom anniversary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman today with due respect and solemnity.Bangabandhu and most of his family members were brutally killed by some disgruntled army men on the fateful night of…
Read More »ACC faces challenge for 6,500 pending cases
Staff Correspondent: The Anti Corruption Commission (ACC) is currently awaiting the disposal of over 6,500 cases cases across various courts. This number continues to grow as new cases are filed daily.However, the pace of case disposition remains sluggish. While hearings and testimonies take place, the actual settlement of cases is…
Read More »Most banks meet Basel III terms
But things are not rosy Mahfuja Mukul: Most of the banks in Bangladesh have implemented the Basel III guidelines within the deadline of 2019.Basel III is an internationally agreed set of measures developed by the Basel Committee on Banking Supervision in response to the financial crisis of 2007-09 with the…
Read More »Financial sector reforms necessary
Dr Ahsan H Mansur: Default loans are not something new when it comes to the country’s banking sector. The problem has persisted ever since Bangladesh’s independence, and attempts have been made on numerous occasions to resolve the issue. Back in the 1990s and in 2001 or 2002, the problem was…
Read More »BB can help improving strength of banks
Dr. Salehuddin on CAMELS rating Rafiqul Islam Azad: Bangladesh Bank (BB) can help commercial banks to improve their financial strength by intensively applying the ‘early warning system’ under CAMELS rating, said Dr. Salehuddin Ahmed, former Governor of the central bank.As the apex regulatory body for the country’s monetary and financial…
Read More »Tk 50,000cr smuggled from 6 banks
ACC couldn’t bring back any money from abroad Zarif Mahmud: No one has the will to catch the bankers and corrupt businessmen. In this list, there are many influential people starting from the owner-manager of the bank. They embezzled thousands of crores of taka. A large part of the stolen…
Read More »12 cos steal Tk 1,000cr from ILFSL
Unprecedented loan scam Shahid Reza, Azam J Chowdhury are among defaulters Staff Correspondent: Non-banking financial institution- International Leasing and Finance Services Limited (ILFSL) is on the verge of bankruptcy due to unprecedented loan scams and loss of customer deposits. Apart from Prashant Kumar Halder (PK Halder), dozens of other companies…
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Hotels to be converted for Covid hospitals
Hospitals overwhelmed Staff Correspondent: The government is going to rent hotels for providing treatment …
