Sep 19
Daily News Head Line
Consumer credit jumps 31pc PDF Print E-mail

The banking sector posted a significant jump in consumer lending last year riding on growing purchasing power of the middle class.

Consumer credit rose 31.29 percent year-on-year to Tk 29,500 crore in 2016 from Tk 22,460 crore a year ago, according to Bangladesh Bank data. The segment accounted for 4.37 percent of the total outstanding loan in the economy.

Slow demand to cause huge potato surplus PDF Print E-mail

Cold storage operators said between 15 and 20 lakh tonnes of potato will remain unsold by the end of the year because of sluggish demand for the vegetable.

Farmers and traders have preserved 53 lakh tonnes of the tuber in the cold storages this year, up 32 percent year-on-year.

Only 10 percent of the tuber has been marketed since cold storage operators started releasing potato, according to the Bangladesh Cold Storage Association (BCSA).

Exporters hardly grab orders diverted from China PDF Print E-mail

Bangladesh cannot grab the apparel work orders, which are being shifted from China to other countries, due to lower capacity, weak infrastructure and inadequate supply of energy, exporters said.

China's market share in global apparel trade has been declining over the last few years because of a dearth of skilled workers and the manufacturing shift towards high-end and technological products.

BTRC brings cheer for telcos ahead of 4G rollout PDF Print E-mail

The mobile operators were given a boost ahead of their planned 4G rollout after the government decided to slash the licence fee and other charges along with loosening other terms and conditions.

In its draft 4G licensing guideline, Bangladesh Telecommunication Regulatory Commission had earlier recommended Tk 15 crore as the licence acquisition fee and Tk 7.5 crore as the annual licence fee.

GSP may be handed back this year: former US envoy PDF Print E-mail

There is a possibility of Bangladesh winning back trade privileges to the American market at the end of the year, when the United States Trade Representative convenes for appraisal, said a former US ambassador yesterday.

“At the end of this year GSP comes up for renewal. I personally believe that Bangladesh will find a place in the schedule,” said Frank G Wisner, the former US ambassador to Zambia, Egypt and India.


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