Liquidity mishandling lands dozen banks in quagmire
At least 11 of mushrooming private commercial banks (PCBs) in Bangladesh faced with financial vulnerability mainly for a lack of proper liquidity management, bankers said, warranting government intervention.Weak corporate governance has also encouraged aggressive lending that has also pushed up the volume of classified loans significantly at these banks, they...
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Yunus to introduce new BD to world in UNGA address
A new Bangladesh will now be introduced to the world by the head of interim government, Dr Muhammad Yunus, in his maiden address to the UN General Assembly on September 27, officials say.The Chief Adviser of the post-uprising government of Bangladesh will fly to New York on September 23 by...
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'Vested groups trying to destabilise situation in CHT'
Vested groups were trying to create instability with a view to putting the interim government in an awkward situation, said three advisers who visited the CHT on Saturday. They asked everyone to remain vigilant, said a spokesperson of the Chief Adviser. Home Adviser Lieutenant General (Retd) Jahangir Alam Chowdhury, Adviser...
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3,000 tonnes of hilsa export to India agreed
Dhaka has finally approved the export of 3000 tonnes of hilsa to India ahead of Durga Puja, the Hindu community's biggest religious festival.Bangalees both in Bangladesh and West Bengal have a strong fondness for this palatable, silvery fish delicacy.Commerce ministry issued a circular to this end on Saturday.Local traders concerned...
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Gold price hits record high in local market
FE deskGold prices in the country hit a record high of Tk 133,051 a bhori and the Bangladesh Jewellers Association (Bajus) decided to make the rate effective from today (Sunday).The local jewellers raised the price of 22-carat gold by Tk 3,150 per bhori (11.664 grams), Bajus said in a statement...
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