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Bangladesh Bank yesterday unveiled a Tk 25,000 crore refinance scheme for cottage, micro, small and medium enterprises (CMSMEs) in order to increase their access to finances. Borrowers in the CMSME sector will get funds in the form of term loans, whose tenure is more than one year, from the scheme, …

Industrial unit owners of different sectors have demanded that the government provide them immunity from blackouts or load shedding They also expressed relief at production remaining nearly unhurt yesterday, the first day of planned power cuts, just as the government had promised to ensure. Mohammad Ali Khokon, president of Bangladesh …

The Directorate of National Consumer Rights Protection (DNCRP) will start monitoring the market from today to ensure that no trader can sell edible oil at prices higher than the newly reduced rates, which come into effect on July 18. The consumer rights body took the decision at the third meeting …

A delegation of European Parliament’s Committee on International Trade began their three-day visit here on Monday. Heidi Hautala, MEP is leading the European Parliament delegation to Bangladesh. Bangladesh and the European Union (EU) will discuss mainly trade related issues during the visit. “They are interested in following trade relations between …

The government has decided to cut the import of fuel, particularly diesel, by 20 percent as an austerity measure to save dollars and keep its foreign reserves stable. State Minister for Power and Energy Nasrul Hamid told this at a press conference on Monday after the review meeting on the …

The apex body of tea producers has requested the government to provide a 20 per cent subsidy, in addition to the existing export incentive facility to the tea sector, with a view to boosting the export of the widely-consumed drink. The Bangladesh Tea Association (BTA) recently sought the facility like …

The Indian rupee fell to more than 80 per US dollar for the first time on record on Tuesday, as the greenback extended its rally and foreign capital outflows intensified. The rupee 80.0600 against the greenback soon after trading started, Bloomberg data showed. High inflation and rising interest rates in …

Oil prices extended gains on Monday, propped up by a weaker dollar and tight supplies that offset concerns about recession and the prospect of widespread Covid-19 lockdowns in China again reducing fuel demand. Brent crude futures for September settlement rose $2.44, or 2.4 per cent, to $103.60 a barrel by …

Over a year has passed since government agencies cracked down on several e-commerce platforms for not providing refunds or delivering products of thousands of customers after luring them with hefty discounts. Only a few got to avail redress. The scope of getting redress is narrowing as some of the accused …

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 …