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Bangladesh Bank yesterday substantially relaxed the policy for rescheduling defaulted loans, allowing defaulters to repay term loans over a maximum period of eight years whereas it was previously two years. Defaulters will also be allowed to reschedule their non-performing loans (NPLs) four times whereas previously they could do so three …
Read More »Uninsured losses from disasters high in Bangladesh
Bangladesh lost up to 1.1 per cent of its gross domestic product (GDP) between 2016 and 2020 because of natural disasters such as floods, cyclones and salinity, and much of these losses could be reduced by providing insurance to the underserved population and protecting vulnerable communities. Bangladesh’s non-life insurance penetration …
Read More »Import-export activities through Hili Land Port resume
Import and export activities resumed from today through Hili Land Port (HLP) in Hakimpur upazila of Dinajpur after an eight-day vacation on the Eid-ul-Azha festivity and weekly holiday. General Secretary of the Customs, Clearing and Forwarding Agents Association of HLP Jamil Hossain Cholonto said import-export activities remained suspended from July …
Read More »Tourism hub around Padma Bridge in the offing
The Padma Multipurpose Bridge has opened a new avenue of creating a tourism hub centring on the dream bridge, cashing in on people’s growing interest. If there are government and private initiatives to ensure necessary facilities on both banks of the Padma River, this will attract huge tourists and boost …
Read More »Will BB’s new policies help solve forex instability?
Although a series of new decisions by the Bangladesh Bank (BB) are slated to temporarily increase the flow of dollars in the market, economists and bankers are unsure if these measures will offer a long-term solution to the problem. The central bank has made several policy changes, effective from Sunday, …
Read More »Bangladesh economy ranks 41st in world, 2nd in South Asia
Bangladesh has secured the 41st position in global economy considering Gross Domestic Product (GDP) while second in the South Asia, says a global survey report. The ranking came in a report published by the Canadian-based news agency Visual Capitalist. It released a list of 191 countries based on the global …
Read More »CAB urges govt to readjust edible oil prices
Consumers Association of Bangladesh (CAB) has urged the government to readjust edible oil prices in the country following their continuous downward trend in the international market. SM Nazer Hossain, Vice-President of the CAB central committee made the call through a statement on Saturday. In the statement, Nazer said Bangladesh Trade …
Read More »Ten cos grab one third of weekly DSE turnover
Ten most-traded stocks accounted for nearly one-third of transactions on the Dhaka Stock Exchange (DSE) in the outgoing week, with Bangladesh Export Import Company (Beximco) leading the turnover list. Market insiders said Beximco — the flagship company of Beximco Group — topped the turnover list again as investors were active …
Read More »Proposed 3600MW Plant at Patuakhali: Govt likely to cancel deal with foreign firms
Bangladesh is likely to cancel the Joint Development Agreement (JDA) with German giant Siemens AG, Chinese CMC and USA firm Excelerate Energy, which was signed for setting up a mega 3600MW LNG-based power plant at Payra in Patuakhali district. Siemens AG signed the deal with the state-owned North-West Power Generation …
Read More »Unrealistic energy policies may lead to higher inflation, says Saudi crown prince
Saudi Arabia’s Crown Prince Mohammed bin Salman said on Saturday more investment was needed in fossil fuel and clean energy technologies to meet global demand, and those unrealistic emission policies would lead to unprecedented levels of inflation. The prince said Saudi Arabia had announced raising its production capacity to 13 …
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