The central bank has stopped publishing the figure of stressed assets in its annual financial stability report with a view to painting a rosy picture of the banking sector at a time when lenders are facing one of their worst crises in living memory.
Read More »Stock market stakeholders: Simplify IPO process to attract more good companies
They also called for product diversification such as a bond market and the introduction of a buyback policy to protect investor rights, and stopping regulatory intervention in market operations Stock market stakeholders yesterday urged its regulator to make initial public offerings (IPO) simple and transparent, to attract multinational and quality …
Read More »BMCCI: Situation to worsen post-pandemic for RMG order cancellations
BGMEA and BKMEA have been urged to work together with the government and support each other
Read More »Low revenue pushes up govt’s bank borrowing
The government bank borrowing marked a sharp rise in the just-concluded 2019-20 fiscal year to meet the budget deficit in the wake of huge revenue loss due to Covid-19.
Read More »Stranded on ships, 200,000 seafarers struggle in virus limbo
Indian ship worker Tejasvi Duseja is desperate to go home after months stranded offshore by coronavirus border closures and lockdowns that have left more than 200,000 seafarers in limbo.
Read More »BSEC body to investigate unusual transactions of Beacon Pharma, Central Pharma
The securities regulator has formed a two-member committee to look into the unusual transactions of the shares of two listed pharmaceuticals companies.
Read More »3M files lawsuits for price gouging of N95 masks
The leading manufacturer of N95 masks in the U.S. says it has investigated 4,000 reports of fraud, counterfeiting and price gouging in connection with the product and has filed 18 lawsuits.
Read More »NBR takes one big step towards automation
The National Board of Revenue yesterday rolled out the electronic payment of value-added tax, taking a much-delayed big step forward to fully automating a system that would enable businesses to comply at reduced time and cost.
Read More »Home Minister: RMG workers cannot leave workplaces during Eid holidays
The decision comes in a bid to stop further spread of the Covid-19
Read More »Covid-19: Farm loan disbursement in FY20 falters
Disbursement of farm loans stood at Tk22,749.03 crore in the 2019-20 fiscal year, which was 5.70% or Tk1,375 crore less than the target of Tk24,124 crore
Read More »