Banks keep injecting SME loans into unproductive sectors

May 19, 2015

63pc of SME loans go to trading sector in Q1
Some 63 per cent of the Tk 26,140.62 crore SME loans disbursed in the first three months of 2015 went to trading sectors as banks continued to neglect the manufacturing zone, according to Bangladesh Bank data to be released next week. BB officials, while talking to New Age on Monday, said the major financial goal of small and medium enterprises could not be Read more

Accord warns 28 RMG factories of cutting business ties

May 19, 2015

Bangladesh Accord on Fire and Building Safety, a platform led by the European brands and retailers, has warned of cutting business relations with 28 factories for their failure to make satisfactory progress with the remediation work. In a recent report, the Accord said that they have sent a total of 224 follow-up inspection reports (fire, electrical and structural) to the factory, Read more

Dhaka stocks soar as turnover crosses Tk 750cr

May 19, 2015

Dhaka stocks jumped on Monday with the turnover crossing the Tk 750 crore mark amid investors’ heavy buying of shares and injection of fresh funds into the market in an expectation that the market would rise further. The key index of Dhaka Stock Exchange, DSEX, rose by 2.11 per cent, or 91.43 points, to close at 4,407.42 points. Turnover of the bourse increased to Read more

Pak plans anti-dumping duty on B’desh textile chemical

May 17, 2015

National Tariff Commission of Pakistan has initiated proceedings to impose anti-dumping duty on import of hydrogen peroxide from Bangladesh, commerce ministry officials said. They said that the NTC had already issued a notice of initiation on April 28 and invited the interested parties to attend hearing on the issue. ‘Bangladesh Tariff Commission on behalf of Read more

Domestic resource mobilisation, FDI key to financing sustainable dev

May 17, 2015

Experts say at discussion
Experts and policy makers on Saturday stressed on focusing on domestic resource mobilisation, domestic and foreign direct investment, public-private partnership and intra-regional trade for financing sustainable development in the countries like Bangladesh and other South and South East Asian nations. Political commitment, policy and institutional reforms in these Read more

No first aid facility in 35pc of RMG units

May 17, 2015

DIFE survey finds
Thirty-five per cent of the readymade garment factories in the country lack first aid facility and required equipment for the purpose, according to a recent survey conducted by the Department of Inspection for Factories and Establishments. The survey conducted in 643 apparel factories in the January-March period found that 67 per cent of the factories did not Read more

Stocks see another buoyant week on investors’ optimism

May 17, 2015

DSE Weekly Review
Stocks see another buoyant week on investors’ optimism
Dhaka stocks gained sharply last week, the second week in a row, with an increased turnover due to investors’ optimism about the market prospect, market operators said. The key index of Dhaka Stock Exchange, DSEX, advanced by 4.20 per cent, or 192.57points, over the week to close at 4,314.89 points on Thursday. Investors’ optimism was mostly driven Read more

BTRC to formulate long-term strategy for cyber security

May 17, 2015

The Bangladesh Telecommunication Regulatory Commission has decided to formulate a long-term strategy for the country’s cyber security to be implemented through Bangladesh Cyber Security Incident Response Team, or BD-CSIRT, said officials. BD-CSIRT, the assigned department of the telecom regulator, was formed in 2012 in a bid to tackle the growing Read more

Classified loans emerge as new banks defy BB rules

May 16, 2015

Four new banks out of nine faced classified loans for the first time in the first quarter of this calendar year as they disbursed loans aggressively violating Bangladesh Bank’s rules and regulations, said officials of the central bank. According to the BB data released on Thursday, the four banks, which entered in the classified zone, are Midland Bank, NRB Bank, NRB Read more

Muhith hints at tax increase on RMG exports

May 16, 2015

Finance minister MA Muhith on Friday hinted at increasing tax on readymade garments exports arguing that the industry had became matured with various government supports. His observations came at a discussion meeting on ‘Budget 2015-2016: Selected Analytical Studies’ organised by Bangladesh Instituted of Development Studies at BIDS headquarters in Dhaka. Read more

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