Diplomatic Correspondent: Bangladesh and the Gulf Cooperation Council (GCC) signed a Memorandum of Understanding (MoU) to hold regular consultation in various fields between both the sides.A foreign ministry press release has been issued in this regard…

10 banks top on defaulted loan

Janata Bank among top 10 defaulters Golam Mostafa Jibon: Country’s 10 banks including state-owned and private have now remained on top position for defaulted loans.The sum of defaulted loans in banks and financial institutions is increasing…

Rising commodity prices hit people

Staff Correspondent: Inflation in the country is the highest during last few years. Income has decreased butincreased expenses manifold. The prices of many daily commodities are beyond the reach of the lower class. The prices of…

BD targets to boost cotton production
5 folds by 2030

Staff Correspondent: Bangladesh has set a target to increase five times the cotton production by 2030, introducing new varieties and expanding cultivation areas, since the country appeared as the second largest consumer of the industrial crop.“Cotton…

12 land ports yet to open despite huge prospects

7 port work in progress, one stopped4 land ports awaiting inauguration6 land ports running through BOT Mahfuja Mukul: Bangladesh Land Port Authority (BLPA) was established in 2001. This autonomous institution is under the Ministry of Shipping.…

BSEC dual role hampers stability in share market

Somewhere strict, somewhere flexible Special Correspondent: Despite being involved in irregularities in the stock market, no punishment was given in any case. Some have received heavy punishments even though they were not directly involved in the…

8 banks failed to keep provisions

Deficit of 4SoBs Tk 11696 cr Private banks Tk 8137 cr Mahfuja Mukul: Banks are giving special discounts for businessmen in repayment of loans. Exemption has not yet expired. As a result, customers are exempted from…

Dollar crisis hits fresh LC opening

Traders in trouble Staff Correspondent: There is a dollar crisis in the banks over the country. Due to this, traders are not able to import goods from different destinations. Importers fear that there will be a…

Govt struggles to lift tax-GDP ratio to double digits

Staff Correspondent: The government has projected to improve the ratio of revenue to GDP to 10.6 percent in the mid-term (by 2024-25 fiscal), even though the revenue sectors are suffering a lot due to the COVID-19…