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The Financial Express

/ Economy / Bangladesh

SoCBs widen sector's Q1 provisioning shortfall

The provisioning shortfall against their loans in the country's banking system swelled in the first quarter (Q1) of current calendar year despite the fact loan classification has been on a relaxed mode because of the pandemic. The shortfall increased to...

Bangladesh economy faces a fresh blow: MCCI

Bangladesh's economy is facing yet another blow due to the...

Minister Kamal sees two reasons behind money laundering

Finance Minister A H M Mustafa Kamal said on Wednesday...

Bangladesh could save $500m every year by recycling cotton

Bangladesh’s garment industry, the world’s second-largest exporter of clothes, could...

Rampal project work in slow lane

The implementation of the Rampal 1320-megawatt (MW) thermal power plant,...

Living cost in Bangladesh rises by 6.88pc in 2020: CAB

The cost of living in Bangladesh rose by 6.88 per...

NPLs up despite relaxed loan classification

The amount of classified loans in the banking sector increased...

Land port operations should be brought under one umbrella: State minister

State Minister for Shipping Khalid Mahmud Chowdury said on Monday...

Central bank working on CCP to minimise risks

The central bank is working on establishing a central clearing...

Dhaka to start negotiations with Colombo to sign PTA

The government will soon start negotiations aiming to sign a...

FBCCI seeks major reform in tax regime

The country's apex trade body has demanded bringing a major...

Only 14pc of development budget directly youth-focused: SANEM

Only 14 per cent of the annual development programme (ADP)...

Facebook now registered taxpayer in Bangladesh

Social media giant Facebook has obtained VAT registrations from the...

Steps beyond budget important for boosting private investment

Issues such as infrastructure development, high cost of doing business...

CSOs, coastal MPs demand allocation of Tk 150b for coastal embankment

A group of civil society organisations (CSOs) and MPs from...

ADB seeks final nod for floating offshore taka bond, Dhaka not in a hurry

The Asian Development Bank (ADB) has sought final approval from...

Marginal rise in Bangladesh government's liabilities likely in 2021-22

The government's liabilities in the next fiscal year (FY), 2021-22,...

AFD to provide Tk 1,24b to support electricity grid digitisation

France Development Agency (AFD) and the Bangladesh government have signed...

Policy supports to importers extended until Dec 31

The central bank has extended the tenure of its different...

State-owned enterprises' loans with government guarantee soar 22pc

The amount of outstanding loans of the state-owned enterprises (SOEs),...

Private sector credit growth falls further during 2nd wave of Covid-19

Private sector credit growth decreased further in April, mainly due...

Withdrawal of imposed supplementary duty on local tiles, sanitary products sought

Country’s ceramic makers sought the withdrawal of imposed supplementary duty...

Preparations underway to face LDC graduation challenges

The government is preparing an action plan that will focus...

'6.0m people slide below poverty line in Bangladesh each year'

Around 6.0 million people slide down below the poverty line...

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