Corporate
Corporate
LC settlement reduced further
Staff Correspondent: Many traders are unable to open letters of credit (LC) on demand due to the dollar crisis. They are also facing various problems while settling the LC. Due to this, imports are decreasing. In the first quarter of the current financial year, LC has settled products worth $1,650…
Read More »Consultancy fees Tk106cr for Wasa Research Institute
Farhad Chowdhury: Dhaka WASA wants to establish an international standard research center. But under the two packages for its development, only the consultancy cost proposed for Tk 106.10 crore has been asked, which is 13.37 percent of the total project cost. The Planning Commission has questioned this. In this sector,…
Read More »Less FDI inflow creates pressure on reserve
FDI decreased by 7.11 pc Mahfuz Emran: One of the sources of foreign exchange is foreign direct investment or FDI. The ongoing dollar crisis in the country could not give any good news in this sector. On the other hand, foreign direct investment (FDI) fell by more than 7 percent…
Read More »Rumors of ban and withdrawal of GSP
BGMEA president Saleh Ahmed Hussain: The crisis in the large economies of the Western world due to the impact of Covid and the war in Ukraine is not going away quickly. They are moving towards contractionary economic system besides increasing the interest rate of bank loans to curb inflation. This…
Read More »Reserves falling due to lack of market based dollar rate
Loan interest rate increased again Mahfuz Emran: The International Monetary Fund (IMF) has expressed extreme displeasure over the non-fulfillment of market-based dollar rate conditions. The agency sees it as unrealistic to fix different rates especially for remittances, exports and importers.Even the rate at which Bangladesh Bank sells dollars from reserves…
Read More »Life insurers have to ensure 2-type of reserves
New rules added by IDRA Zarif Mahmud: Some new rules are going to be added to ensure transparency in the insurance system. In the light of this, bonus, office expenses or other charges can’t be included in the fixed net premium of the insurance policy in future. Besides, Islamic life…
Read More »Capital market lost Tk 2000cr capital
Since starting US visa ban Staff Correspondent: The stock market has been falling since the news of the US visa ban. The market capitalization of Dhaka Stock Exchange (DSE), the main stock exchange, has decreased by more than Tk 600 crore as the share prices of most companies fell over…
Read More »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…
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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 …
