Tuesday, June 18, 2024

Don’t sanction loans to illegal housing projects

BB asks banks Bangladesh Bank on Wednesday asked the scheduled banks not to sanction loans to private ventures for developing lands, constructing buildings and purchasing flats if they do not have the approval of the authorities concerned. To this end, the BB issued a circular to managing directors  and chief executive officers of all the ... Read more

Housing projects keep grabbing flood zones

Several hundred land development and housing projects continue to take over hundreds of acres of low-lying flood zone and farmland around the capital Dhaka jeopardising the ecosystem. In 2010, when the government prepared the Detailed Area Plan for 590 square miles of the capital city which specifies how the land should be used in the ... Read more