Sour loans unleash banking crisis
Banks and financial institutions are facing a major crisis, triggered by rising troubled loans, high concentration on large borrowers and the lack of due diligence in credit disbursement, speakers have said.The warning came at a seminar on "Restructuring and liquidation of financial institutions and impact on stakeholders" in the city...
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Dhaka wants European allies to pile pressure on Myanmar
Bangladesh has spearheaded campaign in major European countries to make sure they exert pressure on Myanmar so that it takes back the Rohingya refugees, creating a conducive environment in Rakhine.As part of the move, foreign minister Dr. A. K. Abdul Momen is now visiting Germany.He is scheduled to visit France,...
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FTAs to pay off in long term
Despite counting revenue loss in the short-term, Bangladesh should sign free trade agreements (FTAs) with its key trading partners for better export growth over the long haul, speakers said at a seminar on Saturday.They also called on government agencies and businesses to get ready to compete in the global export...
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Workers take to streets opposing Sanofi's exit from BD
After sales and supply representatives, workers of Sanofi Bangladesh Limited (SBL) have now taken to the streets calling upon the top management of the France-based drug maker to withdraw its plan to wind up business in the country.At a human chain in front of the National Press Club in the...
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Briefing 20-10-2019
Omera road show todayOmera Petroleum Limited (OPL), country's largest LPG operator, will hold its IPO (initial public offering) road show today (Sunday) as part of the process of going public under the book building method. Page 9Violence escalates in Barcelona Violent clashes escalated in Barcelona late Friday, as radical Catalan...
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