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Loans to the vulnerable sectors in Bangladesh such as garment, textile, cement and tanneries will face significant pressure as they are yet to see expected recovery from the shock of the coronavirus pandemic, Moody’s said.

Despite challenges, women entrepreneurs continue to contribute to the national economy through their patience, creativity and hard work.

Bangladesh’s apparel exports to the United States in 2020 fell by 11.73 per cent to $5.23 billion from $5.92 billion in 2019 due to a fall in consumption in the world’s largest economy amid the COVID-19 pandemic.

The government is considering ratification of the International Labour Organisation’s minimum age convention for admission into employment in a bid to keep its duty-free market access to the European market intact.

Bangladesh Bank (BB) is pursuing banks to meet the agricultural credit disbursement target by end of the current fiscal year to help boost crop production.

Probashi Kallyan Bank (PKB) is set to provide loans to general clients by this month with a view to expanding its service as a scheduled bank.

Jute millers yesterday warned that most mills might be shut in the next one or two months suffering from a shortage of raw jute in making eco-friendly products.

Says Hideaki Kojima, the local representative of Mitsubishi UFG Bank, Japan’s largest lender

Soybean oil price hits all-time high at the retail level

Various attempts of the government failed to restrain the blistering sales of savings certificates as the half-yearly sales of savings instruments already exceeded the yearly target by a large margin.