6 banks with ties to S Alam barred from lending
The Bangladesh Bank restricted six banks linked to S Alam Group from lending activities to prevent their situation from deteriorating further amid allegations of wrongdoing.
19 August 2024, 18:00 PM
Tk 45,000cr stuck in shady loans
Directors of eight private banks borrowed heavily from each other’s banks in reciprocal lending practices fraught with serious risks. Some banks went one step further and lent thousands of crores to relatives of these banks’ chairmen or directors.
16 August 2024, 18:00 PM
Extortion, a cause of high prices, sets alarm bells ringing
Just a day after a mass uprising toppled Sheikh Hasina’s government on August 5, a group of people, introducing themselves as activists of a major political party, visited an outlet of a leading footwear maker in Rangpur and demanded Tk 5 lakh in return for allowing the showroom to operate.
15 August 2024, 18:00 PM
Unrest in banking sector raises concerns
Unrest has gripped the banking sector at a time when several banks are burdened with huge default loans and are suffering from low asset quality.
11 August 2024, 18:00 PM
Investors cheer as stocks soar
Share prices rallied for a third consecutive session yesterday, with the key index of Dhaka Stock Exchange (DSE) registering a 5.44 percent spike, the highest jump in four and a half years.
8 August 2024, 18:00 PM
Investors cheer as stocks soar
Share prices rallied for a third consecutive session yesterday, with the key index of Dhaka Stock Exchange (DSE) registering a 5.44 percent spike, the highest jump in four and a half years.
8 August 2024, 11:33 AM
No time to spare in stabilising economy: experts
Bangladesh has no time to spare when it comes to ensuring the stability of the economy, which has fallen into a crisis mainly due to the absence of democracy for over a decade.
5 August 2024, 18:00 PM
Internet outage: What message did foreign investors get?
The recent internet blackout for a week has left a big dent on the image of the country among the international community, especially investors and buyers.
3 August 2024, 18:00 PM
31 listed banks see a surge in interest income
Banks listed in the stock market logged Tk 2,700 crore higher interest income in the first half of this calendar year as lending rates rose after Bangladesh Bank eased its grip on the sector.
1 August 2024, 18:00 PM
Multinationals’ profits drop for lower sales, higher costs
Most listed multinational companies in Bangladesh witnessed lower profits in the April-June quarter this year as sales dropped due to the erosion of people’s purchasing power amid runaway inflation.
31 July 2024, 18:00 PM
The cost of crisis: Who will bear it?
Violence comes with a hefty price tag for the economy. Beyond the immediate death toll mostly in police shootings, the convulsion of violence that gripped Bangladesh in the middle of this month has left a debilitating impact on the economy.
28 July 2024, 18:00 PM
Economy with deep scars limps along
Business and industrial activities resumed yesterday amid a semblance of normalcy after a spasm of violence, internet outage and a curfew that left deep wounds in almost all corners of the economy.
24 July 2024, 18:00 PM
What does the traffic disruption on the Dhaka-Ctg highway mean for the economy?
A huge number of industrial establishments have been built along the highway, hoping to capitalise on the connectivity to the country’s largest seaport in Chattogram
23 July 2024, 15:45 PM
Fresh blow to the fragile economy
The countrywide shutdown and subsequent violence centring the quota reform movement crippled business and economic activities for the last three days, dealing a further blow to an economy that is already ailing due to high inflation, falling exports and depleting forex reserves.
23 July 2024, 14:47 PM
Stock regulator failed to punish manipulators
The Bangladesh Securities and Exchange Commission (BSEC) did not punish several investors although they were found to have breached rules by committing abnormal trades, according to an audit.
15 July 2024, 18:00 PM
Tools where pension funds can be invested
The government has published rules stating where and how pension funds will be invested so that the National Pension Authority (NPA) can produce better returns at lower risks, a move that will ease its repayment burden.
14 July 2024, 18:00 PM
Govt to form autonomous body for debt management
The unit will work under the Finance Division
14 July 2024, 02:15 AM
New rules in the making to give more autonomy to Bangladesh Bank
The government is going to amend the Bangladesh Bank Order, 1972 to align it with global best practices and give the central bank more autonomy so that it can initiate steps to help the economy deal with pressure.
10 July 2024, 18:00 PM
Export data mismatch: Is it the tip of the iceberg?
Accurate data is a crucial input for taking effective policies and putting the economy on the right track. If the data is not correct or time-befitting, policies might be proved wrong. Then, development successes will be only on paper and will not reflect reality.
8 July 2024, 18:00 PM
Export data mismatch: is it the tip of the iceberg?
Accurate data is a crucial input for taking effective policies and putting the economy on the right track. If the data is not correct or time-befitting, policies might be proved wrong. Then, development successes will be only on paper and will not reflect reality..In Bangladesh, economists
8 July 2024, 16:35 PM