Dhaka, Bangladesh (BBN) – The BBN (Bangladesh Business News) has prepared the morning business round up compiling reports, published by different newspapers and news portals in Bangladesh.
Rising buyer’s credit puts pressure on reserves, exchange rate
Importers’ appetite for buyer’s credit from overseas sources shot up last year, in an ominous development for the country’s foreign currency reserves and the exchange rate.
In the process of obliteration?
The Hallmark scam that saw swindling of billions of taka out of the country’s largest state-owned bank—Sonali Bank (SB) — six years ago, has been gradually sliding into oblivion.
FID mulls introduction of incentives for good borrowers
Financial Institutions Division is going to propose a set of incentives for the good borrowers as a part of the government’s plans to check the high growth of bad loans.
Bangladesh stocks see losing streak for fourth week
Bangladesh’s stocks extended losing streak for a fourth straight week that ended on Wednesday amid sustained selling pressure in some major sectors.
Local, JV cos may get BSEC waiver like foreign cos
Prime Minister’s Office has asked Bangladesh Securities Exchange Commission to exempt both local and local-foreign joint venture private limited companies, like foreign ones, from taking permission from the commission for raising their paid up capital up to Tk 100 crore.
Bustling Chawkbazar now hauntingly silent
Chawkbazar, an astonishingly buzzing place on any given day, was eerily calm yesterday. How could it not be when it was ravaged as cruelly as it was by an angry fire less than 48 hours earlier? The blaze, one of the deadliest in recent memory, killed 67 and burnt many others.
Chemical inventories get licence renewed days before fire
Dhaka South renewed licences of several chemical inventories in Old Dhaka days before the Chawkbazar fire, officials said. They said the renewal process was done ignoring the reality that the presence of highly flammable items in the densely-populated residential areas was risky.
DCCI: NPLs bar slashing of lending rates to single digit
As the country’s banking sector is gripped by non performing loans (NPLs), speakers yesterday said interest rates cannot be lowered for NPLs. The current level of NPLs forces interest rates to rise on an average by 1%.
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