Non-performing loans (NPL) in Bangladesh's banking sector decreased by 1.20 percentage points to over Tk 1.20 trillion at the end of last December, following a special classification that economists see as transient cure.According to Bangladesh Bank (BB) data released Sunday, the ratio of bad loans or NPL stood at 8.16...
Read moreMotorbike drivers providing different ride-sharing services wait for passengers occupying a portion of a road at Gulistan Zero Point in Dhaka on Sunday. Though such service has increased the mobility of a large number of people inside the city, reckless driving by unskilled bikers leads to many accidents on the...
Read moreImport of diesel from India through the maiden intra-country oil pipeline is all set to start on March 17, a national holiday in Bangladesh on its independence leader's birthday.Indian Prime Minister Narendra Modi and Bangladeshi premier Sheikh Hasina are expected to inaugurate operation of the India-Bangladesh Friendship Pipeline jointly through...
Read moreInvestors in the government's post office savings certificates will not be able to deposit in general accounts under the manual system from July 1, 2023.However, they will get the deposit yield of the savings certificates opened under the manual system before July 2023 until June 30, 2024. After June 2024,...
Read moreReckitt Benckiser's 2022 profit falls on declining demand for hygiene productsReckitt Benckiser Bangladesh reported an 18.4 per cent year-on-year drop in profit in 2022, mainly for costlier raw materials and a sharp devaluation of local currency against the dollar. The listed multinational company that sells health and hygiene-related products logged...
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