Weak NBFIs in Bangladesh barred from paying dividend
Stocks of non-bank financial institutions (NBFI) dropped by about 1.5 per cent yesterday, a day after the central bank’s banned them from …
Japan fails to secure VAT Exemption for JICA funded project in Bangladesh
Japan government’s hard fought prestigious Matarbari Power Plant Project in Bangladesh is in a dilemma over exemption of Value Added Tax (VAT) for the construction of …
Bangladeshi RMG manufacturers chocking as orders fell by 30%
($1 = 0.7325 pounds; $1 = 0.8315 euros) Bangladeshi Ready-Made-Garment (RMG) manufacturers and related industries are chocking from poor cash flow mainly …
Non-performing loans may increase as recovery remains slow
Loans to the vulnerable sectors in Bangladesh such as garment, textile, cement and tanneries will face significant pressure as they are yet …
Some Recommendations on Overcoming the Crisis in the Leather Industry
by Mr. Mosharraf Hossain Bhuiyan* Ambassador of Bangladesh to Germany Jute was the main cash crop of East Pakistan (present day Bangladesh) during the …
Bangladesh’s $8 billion credit risk from the global retailers and brands
Bangladeshi Ready-Made-Garment (RMG) manufacturers are struggling to survive because of a poor cash flow caused by delays in payments by international …
BGCCI International Webinar: Post-COVID Economic Relations between Bangladesh & Germany
In response to the collapse of the Rana Plaza factory in April 2013, the Government of Bangladesh (GoB), the International Labour Organisation (ILO), the European Union (EU) and the United States (joined later) engaged in a joint initiative known as “Compact for Continuous Improvements in Labour Rights and Factory Safety in the Ready-Made Garment and […]
Production at risk as AnnonTex fails rescheduling EUR 374 million default loans
AnonTex Group fails to reschedule it’s defaulted loans amounting BDT 3,742 crore or ca. EUR 374 million as the central bank of …
Default loans fall due to relaxed rules in Bangladesh
The amount of default loans in the banking sector decreased after relaxation of the rules and regulations by the central bank of …
300,000 loan defaulters in Bangladesh officially
There are more that 300,000 loan defaulters in various banks and financial institutions across Bangladesh, Finance Minister AHM Mustafa Kamal has said. As …