Clarification sought from Homeland Life Ins

The Insurance Development and Regulatory Authority (Idra) has asked Homeland Life Insurance Company Ltd why its chief executive officer (CEO) should not be removed for not providing information sought by a chartered accountancy firm for financial audits. 
27 August 2023, 18:00 PM

Basel accords, capital requirements and bank risks

The balance sheet of a bank has two sides: assets and liabilities. The assets are financed by two sources of funds: debt capital (liabilities) and equity capital (owners’ equity).
27 August 2023, 18:00 PM

BGMEA plans big to cut carbon emission

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) targets reducing carbon emission by 30 percent, using sustainable raw materials in 50 percent of the cases and bringing down the use of groundwater by 50 percent within 2030.
27 August 2023, 18:00 PM

BB instructs non-banks to reduce bad loans

Bangladesh Bank has instructed non-bank financial institutions (NBFIs) to reduce the amount of non-performing loans (NPLs) they have to resolve the sector’s image crisis. 
27 August 2023, 18:00 PM

WB to give $300m for youth employment

Bangladesh and the World Bank yesterday signed a $300 million financing agreement to equip about 900,000 economically disengaged rural youths with skills and alternative education needed for employment and entrepreneurship.
27 August 2023, 18:00 PM

Make customs, bond services simpler: BGMEA

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday called for making the customs, bond and VAT related services simpler and faster to remain competitive in the global apparel market.
27 August 2023, 18:00 PM

E3 Solutions, I-Station to merge

Extreme Exhibition & Event Solution Ltd, also known as E3 Solutions, and I-Station Ltd, an emerging company in events, exhibition and conference services, signed an agreement for merger recently.  
27 August 2023, 18:00 PM

BB fixes quotas for sukuk bond allocation

Bangladesh Bank yesterday fixed quotas for allocating sukuk bonds among Shariah-based banks, financial institutions, insurance companies and individual investors. 
27 August 2023, 18:00 PM

Mercantile Bank takes PLC suffix

Mercantile Bank Ltd has changed its name to Mercantile Bank PLC (public limited company), the central bank said in a circular yesterday. 
27 August 2023, 18:00 PM

Mobile subscriber base gets another boost in July

The mobile subscriber base in Bangladesh continues to grow as network operators in the country acquired a total of about 14 lakh customers in July, registering the biggest monthly jump in over a year.
27 August 2023, 18:00 PM

NCC Bank inks deal with AamarPay

NCC Bank Ltd recently signed a corporate agreement with AamarPay, a sister concern of web outsourcing company Soft Tech Innovation Ltd.
27 August 2023, 18:00 PM

Another $1b budget support expected this year

Bangladesh is expecting another $1 billion in budget support towards the end of the year in a financing arrangement led by the Asian Development Bank.
27 August 2023, 18:00 PM

Shahjalal Islami Bank holds workshop on sustainable finance

Shahjalal Islami Bank organised an awareness raising workshop on sustainable finance at the bank’s training academy in Dhaka on Saturday.
27 August 2023, 18:00 PM

New GSP of UK: Bangladesh’s RMG export prospects brighten

Bangladesh’s garment export to the United Kingdom (UK) is expected to rise significantly as the British government will continue to offer duty-free benefits to developing nations even after they graduate from the least developed country (LDC) status.
27 August 2023, 00:00 AM

16 non-banks weighed down by high NPLs

Nearly half of non-bank financial institutions (NBFIs) saw a third of their loans turn into non-performing ones at the end of March 2023, which gives an indication of the tough times the sector was going through mainly due to massive irregularities in 8 to 10 companies. 
27 August 2023, 00:00 AM

NBFIs with lower bad loans

Although most non-bank financial institutions (NBFIs) in Bangladesh are struggling with a high rate of non-performing loans (NPLs), some of them are bucking the trend by maintaining a lower ratio.
27 August 2023, 00:00 AM

India expands curbs on rice exports

India has imposed a 20 percent duty on exports of parboiled rice with immediate effect, a move that could further reduce shipments from the world’s largest exporter and lift global rice prices, which are already trading near their highest levels in 12 years.
26 August 2023, 18:00 PM

Can we be optimistic about Bangladesh?

Of course. Despite challenges around, we have many reasons to be optimistic about Bangladesh.
26 August 2023, 18:00 PM

Bangladesh’s rice acreage, production to drop

Land use for rice cultivation in Bangladesh is likely to decline in marketing year (MY) 2023-24, which began on May, forecasted the US Department of Agriculture at the end of last week. 
26 August 2023, 18:00 PM

Digital banks should aim to speed up financial inclusion

The key objective of digital banks should be to expand financial inclusion in the country rather than registering profit, according to industry experts.
26 August 2023, 18:00 PM