Business

Defaulted loan of bad category increased by 38.38 per cent to Tk 39,445.24 crore in the first nine months of this year due to scheduled banks’ failure in recovering the classified loan amid dull business situation caused by political unrest in the country. The bad loan stood in the banking sector at Tk 39,445.24 crore as ... Read more

The government has extended the loan repayment period by five years for 109 sick industries, officials said. The selected industries of the non-textile sector having loan worth not more than Tk 50,00,000 to the state-owned commercial and specialised banks will enjoy one moratorium before clearing the liability in quarterly instalments in next four years, the officials

The capital market regulator has recently asked two firms to scrap ‘exchange’ from the respective company’s name as the securities rules did not allow any organisation to use the word without getting permission from the Bangladesh Securities and Exchange Commission. The Bangladesh Jute and Commodity Exchange

Dhaka stocks advanced last week, for the second week in a row, with a significant rise in turnover as the UN secretary general’s move towards settling political crisis in the country made investors optimistic. The daily average turnover of Dhaka Stock Exchange increased to Tk 639.92 crore from that of Tk 428.69 crore in the previous ... Read more

PROPOSED GARMENT INDUSTRIAL PARK China firm to give Tk 1,400cr in soft loan to develop land A China-based financial institution has agreed to give loan worth Tk 1,400 crore at a low interest rate to the garment factory owners in Bangladesh to develop the land acquired for the proposed garment industrial park at Gazaria in ... Read more

Political Unrest Uncertainty over inspection of RMG factories in time Current political unrest across the country has made uncertain a timely completion of garment factory inspection by the government-sponsored teams with the assistance of International Labour Organisation, officials concerned said. They said that the government and the ILO targeted to complete the inspection of 200 readymade ... Read more

The Canada federal government has kicked in funding for an international effort to boost worker safety in Bangladesh clothing factories, which manufacture products for many Canadian retailers, reports theglobeandmail.com. Canada’s $8-million over four years, announced on Thursday, will help the International Labour Organisation offer

The prices of rice, broiler and egg increased on the retail market in the capital over the week ending Friday due to supply shortage as political violence disrupted goods transport across the country. Traders said that the price of rice increased by Tk 2 a kg on both wholesale and retail markets as transportation had almost ... Read more

Decides to enlist Appollo Ispat Dhaka Stock Exchange board has formed a three-member election commission headed by former justice MA Matin to hold the next elections of the bourse and to formulate the first demutualised board. As per the Demutualisation Act- 2013, the bourse has to formulate the ‘first demutualised board’ of the bourse within February ... Read more

ADR in 32 banks drops below 75pc The credit- or advance-deposit ratio in 32 scheduled banks dropped below 75 per cent in mid-November as credit demand in the private sector continued to drop due to dull business situation in the country amid political unrest, said officials of Bangladesh Bank. According to the latest BB data released ... Read more

Bangladesh Power Development Board has sought tax exemption for 15 years for the private power generation companies which will sign agreement with the government to set up power plants by December 31, 2014, officials of the National Board of Revenue said. According to the existing statutory regulatory order issued on July 1, 2013, the private power ... Read more

The delivery of imported and exportable goods at Mongla port has severely disrupted due to latest spell of countrywide blockade that started on Saturday. Around 1,000 containers of various kinds of goods worth over Tk 3,500 crore have remained stranded at the wharfs. The containers lying stranded at the

The Dhaka Stock Exchange has formed two separate committees to investigate unusual rise in the prices of the shares of Rahima Food and Samata Leather Complex, DSE sources said. The sources said the bourse took the move as the share prices of the companies were increasing abnormally even after the companies’ declaration of not having

Loan Classification DCCI seeks time extension The Dhaka Chamber of Commerce and Industry on Thursday urged Bangladesh Bank to extend time limit for loan classification. The DCCI sent a letter to the central bank governor requesting him for giving more time to the entrepreneurs to repay their loans as the ongoing political unrest seriously affected the ... Read more

Dhaka stocks declined on Thursday, the last trading session of the week, as investors, discoursed by the gloomy political situation in the country, went for sell-offs. The benchmark general index of Dhaka Stock Exchange, DSEX, decreased to 4,299.58 points, shedding 0.78 per cent or 34.20 points. DS30, the blue-chip index

Regent Airways will commence its flight to Singapore on Saturday after its successful international flight operations to Kuala Lampur, Kolkata and Bangkok. The private airways will operate five flights weekly (Monday, Tuesday, Thursday, Friday and Saturday) on Dhaka-Singapore-Dhaka route, said a news release.

Shahjalal Islami Bank Limited opened its 88th branch at Dattapara in Lakshmipur on Tuesday. Shahjalal Islami Bank Dattapara branch manager Md Mazharul Haque, Laxmipur branch manager Md Rafiqul Islam, Ramganj branch manager Belal Hossain, Dattapara Bazar Bonik Shamity president Md Taraque Monowar, Dattapara union parishad chairman M Billal Hossain, Ramnarayanpur union

Stands at $1.92 billion The country’s trade deficit declined to $1.92 billion in July-October of the current fiscal year from $2.51 billion in the corresponding period of the FY 2012-13, Bangladesh Bank data showed. According to the data released on Wednesday, the deficit went down by 23.40 per cent in the first four months of ... Read more

Brands Bangladesh Bank ‘bogus’ Finance minister AMA Muhith on Wednesday outright rejected the demand for introduction of special exchange rate for apparel exporters saying such demand was unacceptable. The apparel exporters had demanded additional Tk 3 against exchange rate of a US dollar as incentive. The finance minister, however, assured

Poultry sector leaders on Wednesday said that the industry incurred losses of around Tk 4,000 crore due to the ongoing political unrest. They said around 30 per cent of the poultry farms in the country had already been shut down due to the blockades and hartals enforced