Corporate
Corporate
Govt debt increased 3-time with new note
Mahfuz Emran: The government has set a record of borrowing money from Bangladesh Bank. The government has taken a loan of Tk 97,684 crores from the central bank in the last financial year, breaking all previous records. Tk 31,324 crores were taken in the previous financial year.It has taken more…
Read More »Verification of tax files of building owners to start
Rent to Bank-Insurance-FIs Staff Correspondent: Branches of banks, insurance and financial institutions are spread all over the country. These branches are run on building or floor rent. There are 66 state-owned banks, private banks, foreign and non-scheduled banks in the country. The number of branches of these banks is about…
Read More »Pvt insurers paid 83pc claims
Sadharan Bima Corporation paid only 19 pc Zarif Mahmud: Private sector life and non-life insurance companies in the country have paid 83 percent of insurance claims in the financial year 2022-23 (from July 2022 to June this year). In contrast, the claims payout rate of state-owned insurance companies is 43…
Read More »LPG price in Bangladesh highest in South Asia
Rafiqul Islam Azad: The price of Liquefied Petroleum Gas (LPG) in Bangladesh is now the highest among South Asian countries, following an increase at the consumer level recently. On September 3, the Bangladesh Energy Regulatory Commission (BERC) increased the price of LPG by Tk 144 per 12 kg at the…
Read More »Success depends on people’s confidence: Experts
Pension Scheme Staff Correspondent: The success of the newly introduced universal pension scheme, aimed at fulfilling constitutional aspirations for a welfare state, hinges on gaining the confidence of millions in the private sector.The government launched the much-talked-about pension scheme on 17 August to provide old-age social protection to millions of…
Read More »Private employees ahead in registration
Universal Pension Scheme Staff Correspondent: While expatriates are at the bottom in terms of enrollment in the Universal Pension Scheme, they are at the top in terms of average contributions per capita. Besides, in terms of registration, the employees of private organizations are in the top place, however, they are…
Read More »India imposes 40pc duty on onion exports
Staff Correspondent: India has announced the imposition of 40 percent duty on the export of onions till December 31, in a move to tame escalating prices in the domestic market.The statement came in an Indian finance ministry notification issued on Saturday, according to media reports.Bangladesh is one of the countries…
Read More »United Airways faces Tk 800 cr liability
Seeking help of BSEC to restart operation Staff Correspondent: With the loan and penalty liabilities of over Tk 800 crore, the United Airways is trying to restart its operation with the support of BSEC.With the huge loan burden of Tk 432 crore and Tk 350 crore penalty of Civil Aviation…
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 »Seven directors of Banco Securities fined Tk 7 cr
Zarif Mahmud: Seven directors of the main stock market Dhaka Stock Exchange (DSE) brokerage House Banco Securities have been fined Tk 7 crore.The convicted persons are – Banco Securities Chairman Abdul Muhit, MD Samiul Islam, Director Md. Shafiul Azam, Waliul Hasan Chowdhury, Nurul Ishan Sadat, A Munim Chowdhury and Jamil…
Read More »
Hotels to be converted for Covid hospitals
Hospitals overwhelmed Staff Correspondent: The government is going to rent hotels for providing treatment …
