World Bank wants 5 percent interest instead of 2 percent
Is it economic embargo? Staff Correspondent: The International Development Association (IDA) is a subsidiary of the World Bank for providing low-interest flexible loans, with Bangladesh as its largest customer. IDA loan service charge is 0.75% and…
Read More »AC holders with crore taka belong 43pc of deposit
Rafiqul Islam Azad: The number of accounts with deposits in crores of taka is steadily increasing in the country’s banks, despite the ongoing financial crisis, rising commodity prices, and inflationary pressures. At the end of June…
Read More »Default loans reach record Tk 1.56 lakh crore
Staff Correspondent: The country’s banking sector is grappling with a historic high of Tk 156,039 crore in non-performing loans (NPLs) as of June this year, primarily attributed to the persistent issues related to corporate governance in…
Read More »Dengue deaths reach a historic high in Sept
Staff Correspondent: The dengue outbreak has taken a serious turn here as the death toll and new cases continue to reach new highs regularly.The previous month, September, recorded the highest single-month death toll in history, with…
Read More »Exports reach $4.31b in Sept, but lowest since April
Staff Correspondent: The Export Promotion Bureau (EPB) disclosed data indicating that Bangladesh’s merchandise exports in September amounted to $4.31 billion, marking the second-lowest figure for this year. The lowest point was recorded in April when exports…
Read More »Abdul Jalil expects AL nomination from Cumilla-5 constituency
KM Saifur Rahman: Eminent social activist and educationist Md. Abdul Jalil is an expecting canddiate to contest the ensuing general elections from Cumilla-5 (Burichong-Brahmanpara) constituency with the ruling Awami League poll symbol ‘boat’.As part of his…
Read More »No investment in Bangladesh’s Tk 900cr eyeglasses market
Zarif Mahmud: The first glasses store in the country was opened in Old Dhaka. It was the end of the British rule. Fifty years have passed since the independence of the country. However, this sector is…
Read More »Work to enhance country’s image further: PM
Industry Desk: Prime Minister Sheikh Hasina has asked officials of the Bangladesh embassy in Washington DC to work with sincerity and patriotism to further enhance the country’s image.“Discharge duties with utmost sincerity, professionalism, honesty and patriotism…
Read More »Bangladesh set to be a nuclear power using country
Rooppur power plant Staff Correspondent: With the establishment of the Rooppur nuclear power plant, Bangladesh will become the 33rd nuclear power-using country in the world. The uranium to be used to fuel the power plant arrived…
Read More »Tk 2904cr sucked from insurance fund in 3-yr
Fareast Life running out of life Mahfuz Emran: Fareast Islami Life Insurance was once a leading life insurance company in the country. The company is now in dire straits due to massive looting and irregularities by…
Read More »DAP changed allowing taller buildings
Staff Correspondent: The revision of the Dhaka’s development master plan, designed to guide the city’s growth over the next two decades, occurred without following the proper procedure.This move appeared, according to urban planners, to favour landowners…
Read More »
