Management

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 Net reserves fell as another $40 million was withdrawn from reserves and invested in various…

Staff Correspondent: Several e-commerce companies have been facing issues regarding refunding their customers’ payments. Some companies have provided partial refunds, while others have not refunded anything at all. Additionally, certain companies lack proper records of their accounts, making it difficult for them to determine how much money they owe their…

Unbridled spending on housing5 thousand unsold flats in Dhaka Zarif Mahmud: Ahmed has been living in Sheorapara area of Mirpur, Dhaka for a long time. Wife is a banker. The couple’s long-held dream is to own a residence in the bustling city. With this, the two of them invested in…

Rabiul Haque: In the bilateral trade of Bangladesh with India, there are two sides of profit and loss of transaction in Indian currency Rupee. Businessmen of the two countries can open import-export LCs in rupees instead of dollars. But the businessmen of Bangladesh are not interested in this as the…

Sumit Roy: For the past 20 years or so, China has been buying dollars in international currency markets with its own currency to maintain the yuan’s devaluation and sustain China’s booming manufacturing and export sectors. As a result, China has accumulated trillions upon trillions of dollars which it uses to…