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The Bangladesh Bank’s policy that allows defaulters longer repayment tenures and easy terms and access to fresh funds has appeared to have failed to make major inroad in bringing down bad debts as rescheduled loans are even turning sour. In 2019, the central bank issued a relaxed policy on loan …

Bangladesh is expected to be the ninth-largest consumer market globally by 2030, leaving behind the United Kingdom and Germany, said a report by HSBC Global Research yesterday. “Bangladesh is expected to see the fastest growth in its consumer market – that is, the population earning more than $20 per day …

Chittagong Port Authority (CPA) has appointed an international joint venture as the consultant for the construction of a breakwater and channel dredging work at the proposed Bay Terminal, a long-awaited project of the Chattogram port. The CPA yesterday signed a contract with a joint venture of Sellhorn Ingenieurgesellschaft mbH of …

British High Commissioner to Bangladesh Robert Chatterton Dickson paid a courtesy visit to BGMEA President Faruque Hassan at BGMEA Complex on Tuesday. BGMEA Vice President Shahidullah Azim, Vice President (Finance) Khandoker Rafiqul Islam, Directors Barrister Shehrin Salam Oishee, Asif Ashraf, Tanvir Ahmed, Abdullah Hil Rakib, Barrister Vidiya Amrit Khan, Director …

Cultivation of malta on a commercial basis has gained popularity among the farmers in the district as they are getting excellent production in recent years. The cultivation of the juicy fruit is gaining popularity among the farmers in the district and now they are happy to see hopeful malta production …

Prime Minister Sheikh Hasina will inaugurate the installation of a reactor pressure vessel at the second unit of the 2,400 MW Rooppur nuclear power plant (RNPP) on Wednesday amid high enthusiasm for the country’s maiden nuclear power plant, officials say. They say that the first unit of the project has …

The government’s borrowing from the Bangladesh Bank soared to Tk 72,700 crore at the end of September from Tk 55,866 crore in June. The government’s borrowing from the country’s banking system including the BB, however, was around Tk 12,000 crore in the July-September period of 2022 as the government repaid …

The government has planned to increase import of fuel oil by about 15 lakh tonnes in 2023 mainly to feed fuel oil-based power plants to tackle chronic power outages already hitting life and livelihood hard. According to Bangladesh Petroleum Corporation officials, they are planning to import 77.2 lakh tonnes of …

Post-pandemic, the speed in planning and execution will be the determining factor for businesses to survive amid changing behaviour of consumers and the volatility in the global supply chain. But Bangladesh does not seem to be well-prepared to support businesses looking to thrive in the changing times as cumbersome processes …

Most commodity prices declined globally in September, according to the World Bank, extending some relief to the import-dependent countries under pressure for higher import bills and runaway inflation. Energy prices fell 8.1 per cent in September, led by a decrease in natural gas and crude oil prices, the World Bank’s …