Month: January 2014

Resolving impasse key to halt collapse: economists The country’s economy in the New Year of 2014 that begins today will depend on amicable settlement of the political impasse between the government and the opposition to restore stability as soon as possible, economists on Tuesday said. Otherwise, the economic situation that has already reached on the verge ... Read more

Utilisation of foreign aid has hit a record low in the current fiscal year because of stagnation in development activities amid political unrest due to conflict between the ruling party and opposition over holding the general elections. Finance ministry officials said only 11 per cent of total foreign aid disbursed until October was utilised, seven per ... Read more

The country’s scheduled banks in the just-concluded year showed a mixed performance as some banks posted healthy operating profit while other banks lost their profitability due to business stagnation amid political unrest. A BB official told New Age on Tuesday that the banking sector had faced different types of crisis in the concluded year as the ... Read more

The supervision committee for the Tk 900-crore government refinance scheme for the affected small-scale investors on Tuesday for the third time extended the deadline for receiving loan applications by another month as 98 per cent investors are yet to file applications. The five-member supervision committee made

Sales of the national savings certificates and bonds dropped by 9.96 per cent in the first five months of this fiscal year compared with that in the same period of the FY 2012-13. The savings instruments worth Tk 9,013.62 crore were sold through banks, national savings bureaus and post offices in July to November of ... Read more

Eastern Bank managing director and chief executive officer Ali Reza Iftekhar has recently been elected chairman of Association of Bankers, Bangladesh for a two-year term — 2014-15. Iftekhar, with 26 years of experience in banking, has served both foreign and local private banks and has been the managing director of EBL since 2007,