The amount of bad loans has been spiralling in Bangladesh owing to rampant politically-motivated lending and inadequate credit risk management, according to a World Bank report.

International clothing retailers and brands yesterday expressed concern about the timely shipment of goods following the latest spell of violence stemming from the quota reform movement, imposition of curfew and five-day internet blackout, which crippled economic activities.

DBH Finance PLC, one of the leading listed non-bank financial institutions (NBFIs) in Bangladesh, witnessed a year-on-year drop in profits of about 18 percent in the first half of 2024.

Mutual Trust Bank (MTB) has posted a net profit of Tk 37.13 crore in the April-June quarter of 2024.

The DSEX declined 0.99% to end the day at 5,330

The company’s profit hits Tk 107 crore in April-June of 2024, up from last year same period’s Tk 24 crore

They gave assurance of not seeking any discount or air shipment or cancelling work orders

In the wake of escalating violent protests in Bangladesh, a massive surge in Virtual Private Network (VPN) usage has been witnessed as citizens strived to circumvent government-imposed internet restrictions

The DSEX fell 34 points, or 0.63 percent, to 5,349 till 12.06 pm

Long periods of slow economic growth can cause a jump in inequality. But a balanced set of policies can stave off that outcome

Japan’s Mitsubishi Motors is set to join an alliance between Honda Motor and Nissan Motor, creating a tie-up between automakers with combined sales of more than 8 million vehicles, the Nikkei newspaper said on Sunday.

Gold prices rose 1 percent on Friday as US Treasury yields fell on optimism for an interest rate cut by the Federal Reserve in September after data showed US prices rose modestly in June.

India is warming up to its northern neighbour. The South Asian country’s annual economic report recommends courting investment from China rather than integrating into the country’s supply chains. That lays out a way for companies from Shein to BYD to keep selling in Western markets despite rising suspicion towards the People’s Republic. Much depends on how the Sino-American trade war plays out.

The shipping ministry yesterday announced that it would waive demurrage charges for imported containers carrying accessories and raw materials for the readymade garment sector which could not be delivered from the Chattogram port as operational activities were hampered for the past seven days.

There is a lot of talk over a recent hike in interest rates but there is still scope to keep lending rates at a low level, said Md Afzal Karim, managing director of Sonali Bank.

The National Board of Revenue (NBR) has fallen short of its revenue collection target for the 12th consecutive year, with experts opining that the existing framework for tax collection is inadequate.

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.

A long queue of vessels has formed at the Chattogram port’s outer anchorage, with berthing delayed by up to nine days, for container yards being acutely congested and operational disruptions resulting from the quota reform movement last week.

The recent shutdown has significantly impacted Bangladesh's economy with over $10 billion and climbing in estimated losses, according to the Foreign Investors Chamber of Commerce & Industries (FICCI)

Salman F Rahman says in a meeting with business leaders