Business leaders want 15 months for deferred LC payments
Business leaders want 15 months for deferred LC payments

Leaders of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) have urged the central bank to extend the repayment period for deferred letters of credit (LCs) liabilities from six months to 15 months, reports The Business Standard. They made the demand during a meeting between...

Businesses scuffle amid rising interest rates
Businesses scuffle amid rising interest rates

The business sector in Bangladesh is grappling with a crisis due to successive increases in loan interest rates. Rising costs have stalled investments, creating widespread challenges. Business leaders point out that while consumer loan rates are typically raised globally to curb inflation, in...

Entrepreneurs targeted by resentment
Entrepreneurs targeted by resentment

The Bangladesh Bank or the Financial Intelligence Unit (BFIU) cannot appoint a receiver to any business entity on its own. If a receiver needs to be appointed, it requires a lengthy process. However, in recent days, several media outlets have reported that receivers have been appointed to 10...

Misinformation, media trials cripple businesses
Misinformation, media trials cripple businesses

Businessmen continue to face numerous challenges, exacerbated by media outlets that spread false information about various businesses and financial institutions. Critics argue that these unfounded rumors and fabricated statements constitute a form of media trial. The medias intense scrutiny of...