The volume of classified loans, belonging to the industrial sector, jumped by more than 48 per cent in the fiscal year (FY) 2018-19. The main reason for a big leap was attributed mainly to the addition of certain volume of rescheduled loans that turned classified again to the fresh default...
Read moreStocks witnessed yet another setback on Tuesday, with the Dhaka bourse's prime index tumbling to a 35-month low, as investors continued to dump their holdings to prevent further losses.DSEX, the prime index of Dhaka Stock Exchange (DSE), slumped 52.74 points or 1.11 per cent to settle at 4,708-the lowest level...
Read morePrime Minister Sheikh Hasina said on Tuesday ensuring road safety is not the responsibility of the government or drivers alone as all will have to come up to deal with it, reports UNB."Ensuring a safe road system is not only the responsibility of the government or the drivers, it's the...
Read moreThe state-run Bangladesh Power Development Board (BPDB) has recently sought permission from energy sector regulator to hike bulk electricity tariff to help reduce its loss.The BPDB in a proposal submitted to the Bangladesh Energy Regulatory Commission (BERC) requested for regulator's initiative to arrange subsidy if the latter was unwilling to...
Read moreThe Investment Corporation of Bangladesh (ICB) has made a move to float another open-ended mutual fund to support the country's stressed capital market.The initiative is part of its continuous market supportive measures.The state entity has recently submitted a proposal, among others, to float Unit Fund-2 to finance minister.As suggested, the...
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