Management

Zarif Mahmud: In addition to implementing various development projects, state-owned enterprises regularly taking loans from foreign governments and donors to meet various expenses. The amount of these short- and long-term loans at the end of 2021-22 financial year (July-June) was slightly more than $6.9 billion ($690 crore).At the end of…

Staff Correspondent: Fisheries and Livestock Minister SM Rezaul Karim on Tuesday said that the government is determined to harness the potential of the ocean-based economy to build a developed and prosperous Smart Bangladesh.The minister made the remarks while addressing as the chief guest at a function marking the passing parade…

Staff Correspondent: According to Finance Minister AHM Mustafa Kamal, the per capita debt of the people of the country is $ 364.85 (Tk 40 thousand 216, one dollar is Tk 110.23). He said that the status of foreign debt till June 2023 is $62,312.71 million (temporary). Out of which multilateral…

Syed Nasir Hossain: The National Board of Revenue (NBR) is failing to meet revenue collection targets. NBR could not achieve the target of revenue collection in the first quarter or three months of the current (2023-24) financial year i.e. July-September. At this time, despite the growth of 14.34 percent, the…

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…

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…

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…

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…

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…

Staff Correspondent: The country’s foreign exchange reserves are decreasing at a steady pace. In the space of a week, the reserve as a gross decreased by $5 million. A net decrease of $ 1.0 million. Net reserves fell as another $40 million was withdrawn from reserves and invested in various…