Economy

Bangladesh’s export earnings increased by 6.78 percent in September despite labor unrest in the garment sector. According to Export Development Bureau (EPB) data, Bangladesh’s export earnings in September reached US$ 3.51 billion, which is US$ 220 million more than the same period last year. Export Development Bureau (EPB) Vice Chairman Anwar Hossain gave this information…

Most of the country’s Non-Banking Financial Institutions (NBFIs) are in dire straits. Due to irregularities, looting and loan scams, most of the loans of most institutions are now in default. Especially the situation of 15-16 financial institutions is very fragile. 45 to 99 percent of the loans disbursed to these institutions have defaulted.  However, overall,…

Non-performing loans in the non-banking financial institutions sector have further increased. At the end of last June, the defaulted loans of this sector stood at 24 thousand 711 crores, which is 33.15 percent of the total loans. At the end of last December, the amount of defaulted loans was 21 thousand 567 crores, which was…

Crude oil prices rose 9 percent in one week in the international market due to escalation of Iran-Israel-Gaza-Lebanon tensions in the Middle East. Out of this only last Thursday this growth rate was 5 percent. According to international media reports, the prices of two crude oil brands – Brent Crude and West Texas Intermediate (WTI)…

High rice market for two months. Fine, medium, coarse – the price of all types of rice has increased by Tk 5 to Tk 6 per kg. In such a situation, the food ministry has written to the National Board of Revenue (NBR) to reduce the duty on import of rice. In the letter given…

Four weak banks are getting special loans of Tk 945 against Bangladesh Bank’s guarantee. Out of this, City Bank alone is giving Tk 700 crore. Four more private banks are giving the remaining 245 crore rupees. Social Islami, First Security Islami, National and Global Islami banks are taking this money at 12.5 to 13.5 percent…

Three fertilizer factories in the country have been closed for a long time due to lack of gas supply. On the other hand, the government is not able to import fertilizers as planned due to the dollar crisis. Addressing the demand for fertilizers has become a major challenge. Apart from urea, import of other fertilizers…

9 individuals and institutions have been fined Tk 428 crore 7 lakh in the case of manipulation in share transactions of Bangladesh Export Import Company (Beximco) listed in the stock market.  This decision was taken at the meeting of Bangladesh Securities and Exchange Commission (BSEC) on Tuesday. Also in the commission meeting it was decided…

At the beginning of the current financial year, the foreign loan commitments collapsed. Only USD 2.01 crore was received as project funding and budget support commitments from development partners during July-August. The commitment was $1.14 billion during the same period last fiscal year. According to the Economic Relations Department (ERD) updated report on Monday (September…