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Defaulted loans surged 24 percent to Tk 116,288 crore in September compared to that in December last year, the amount being the highest in the country’s history, largely because of the central bank’s inertia to crack down on wilful defaulters.

Banking experts have underscored the need for better credit risk management and good corporate governance to reduce the volume of non-performing loans (NPLs) in banks and other financial institutions.

Salman F Rahman, the prime minister’s private industry and investment adviser, yesterday asked entrepreneurs of the Confederation of Asia-Pacific Chambers of Commerce and Industry’s (Cacci) member countries to invest in Bangladesh’s hospitality sector.

Genetically modified (GM) Golden Rice is now waiting for food safety clearance certificate to be released as a new variety as the vitamin-A fortified rice will fight childhood blindness that affects country’s 21 percent children.

US president Donald Trump and his Chinese counterpart Xi Jinping both insisted Friday they would resist pressure to give ground on a trade deal that Washington’s leader said could be “very close.”

Bangladesh’s exposure to illicit financial outflows is very high among the least developed countries as the rate of such outflows was equivalent to 36 per cent of the country’s tax revenue and 3 per cent of gross domestic product in 2015, according to the latest report of the United Nations …

As per the government’s initiative to build a digital Bangladesh, at least 90 per cent of the ready-made garments sector workers will receive their wages through the digital payment system by 2021.

As per the move of the government to build a digital Bangladesh, at least 90 percent workers of the ready-made garments (RMG) sector will receive their wages through the digital payment system by the next 2021.

With the new inclusion, the number of total companies in ‘Z’ category stood at 51 on the country’s prime bourse Dhaka Stock Exchange (DSE). Nine listed companies were relegated to ‘Z’ category from their earlier groups of ‘A’ and ‘B’ as they failed to declare any dividends for the year …

Smart mobile accessories and smartphone-related wearable product imports are soaring on the back of the rising propensity towards a digital lifestyle. Currently, the annual market for smart accessories is more than Tk 3,000 crore and the entire market is based on Chinese products, according to industry insiders.