High registration fees, interest rates stall growth in housing sector
High registration fees, interest rates stall growth in housing sector

REHAB Fair 2024, the largest housing sector event, kicks off this Monday at the BICC in Agargaon, Dhaka. Running through Friday, the fair will feature 220 stalls. This year, REHAB has secured 7 gold sponsors, 18 co-sponsors, 18 building material suppliers, and 10 financial institutions. During a...

Bangladesh Bank sticks out machinery import loans
Bangladesh Bank sticks out machinery import loans

Bangladesh Bank has extended the loan tenure for foreign exchange loans under buyers and suppliers credit for importing capital machinery. Industrial entrepreneurs can now secure loans for up to three years, up from the previous one-year limit, reports UNB. In addition, the central bank has...

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...

Bank of England cuts interest rate amid falling inflation
Bank of England cuts interest rate amid falling inflation

The Bank of England (BoE) cut its key interest rate on Thursday by 25 basis points to 4.75%, signaling further reductions as UK inflation dropped to a three-year low of 1.7%. This is the BoEs second rate cut since August, and follows a trend among major central banks in easing borrowing costs after...