News

Commerce Minister Tipu Munshi on Tuesday said the government has undertaken extensive activities to create skilled workers and diversify exports to make Bangladesh as a developed country by 2041.

A human rights group has sought permission to challenge a High Court ruling on the banking sector for not ordering the government to form an inquiry commission to find out irregularities and weaknesses in the sector.

Benchmark indices of both the bourses witnessed moderate correction against the sharp losses observed by some of the indices of south Asian stock exchanges amid Covid-19 pandemic.

The country’s ready-made garment (RMG) export earnings in the first 18 days of July stood at US$1.57 billion despite the Covid-19 pandemic, which local manufacturers consider as a good sign of reviving new or cancelled work orders.

The Bangladesh Bank injected another Tk 2,290 crore in the country’s banking sector in 19 days of July through purchasing US dollars as the banks were flooded with greenbacks.

The amount of defaulted loans in the country’s industrial sector increased by Tk 703.83 crore in January-March quarter  to reach Tk 45,831.12 crore as of March 30 this year even though the government relaxed policy to lower the figure on paper.

The banks seek refinance fund

Dhaka Chamber of Commerce and Industry (DCCI) on Sunday urged authorities concerned to ensure strong monitoring on health safety issues in cattle market for the holy Eid-ul-Azha.

Work on the country’s biggest 718-MW capacity in LNG-fuelled combined cycle power plant gets momentum after roping the Japanese JERA in the project.

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.