In the first session of this week, shares worth Tk377 crore changed hands with the figure rising to Tk444 crore the following day on Dhaka bourse. The prime bourse, Dhaka Stock Exchange (DSE), gained on Wednesday with the turnover hitting a two-month high as the investors were active on both …
Read More »State-owned jute mill workers observe symbolic hunger strike
They press home 11-point demand. Workers of nine state-owned jute mills in Khulna and Jessore yon Wednesday observed a symbolic hunger strike, pressing home their 11-point demand, including implementation of national wage commission.
Read More »NPLs rise by Tk3863 crore in 3 months
It hits Tk1,16,288 crore as of September. The non-performing loans (NPLs) of banks rose by a staggering Tk3,863.14 crore in three months till September this year, taking the amount of stress loan in the banking sector to Tk1,16,288.31crore despite huge facilities in place to regularize default loans.
Read More »Kamal blames NBR for revenue shortfall
He said the shortfall would affect the economy. The government would miss the July-December revenue target as the revenue board failed to procure Electronic Fiscal Devices (EFDs) to
Read More »BSEC to amend securities rules, approves Islami Bank’s Tk600 crore bond
The purpose of the issue is to strengthen the capital base (Tier-2) of the company. The stock market regulator yesterday approved a mudaraba redeemable non-convertible subordinated bond of Tk600 crore in favour of Islami Bank Bangladesh Limited.
Read More »Above two-thirds of banks do not lend to new industries, says BB governor
BIBM DG: Any large-scale shock in the financial sector to inflict huge burden on the economy. Bangladesh Bank (BB) Governor Fazle Kabir yesterday said over two-thirds of the country’s banks did not disburse loans to new industries and limited the disbursement to old ones.
Read More »ADB keen to issue Corporate Taka Bond for local businesses
In addition to corporate houses, the ADB also wants to facilitate investment bond for the private entities interested in the economic zones. The Asian Development Bank (ADB) yesterday expressed its keen interest to launch the Corporate Taka bond for corporate business houses in Bangladesh as an alternative source of long-term …
Read More »Jute goods worth Tk270cr idle at Jessore, Khulna state-owned mills
These jute mills are located in Khulna’s Khalishpur, Dighalia, and Atra industrial regions, and also in Jessore’s Noapara industrial area. Approximately 30,642 tons of jute goods are currently in stock at the nine state-owned jute mills located in Khulna and Jessore, having a market value is Tk270 crore.
Read More »US economy grew faster in Q3, but trade woes continue
The US economy grew faster than originally reported in the July-September period and prices remain tame, but amid the unresolved trade war with China economists and businesses note some worrying issues persist.
Read More »Tokyo stocks open higher tracking US rallies, cheap yen
Tokyo stocks opened fractionally higher on Thursday, tracking rallies in New York where the market was boosted by solid US economic data, and a cheap yen against the dollar.
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