- ‘Swadhinata Concert’ with leading musicians in four cities on Friday
- Bangladesh Hockey team finalizes squad for AHF Cup
- July uprising creates atmosphere for free assembly
- Islami Bank MD sent on mandatory leave
- Jaya Ahsan condemns killings in Gaza, urges global conscience to awaken
- Chatradal to stand with black cloths tied to faces in protest against Israeli genocide
- Fulham stun Liverpool 3-2, snapping 26-game unbeaten league streak
- Bombs planted to target investigators in enforced disappearance cases: Chief Prosecutor
- Trump's Tariffs: Two Letters to be sent to the US in 48 hrs
- UK Labour MPs denied entry to Israel during West Bank visit
- Gaza genocide: 'No Work, No School' campaign to be observed on Monday
- Emon makes record for fastest half-century as Bangladeshi batters
- Sarjis Alam calls for nationwide protests in solidarity with Gaza on Monday
- Millions take to streets across US against Trump, Musk
- 61 pro-Awami League lawyers ordered to be sent to jail
- Starlink gets BIDA approval to launch operations in Bangladesh
- Record $3.29bn remittance inflow in March
- Small firms, AI lead Europe’s 2024 patent activity, EPO reports
- Shakib under investigation by ACC over corruption allegations
- Severe storms claim 16 lives, including children in US
Imams, Muezzins receive interest-free microloans, financial aid
The Ministry of Religious Affairs is providing interest-free microloans and financial assistance to imams and muezzins across the country from Imam-Muezzin Welfare Trust, reports UNB. These loans and financial aid are being offered to those who have received training at the Imam Training Academy...
Workers of closed factories struggling to survive
Nearly 100 factories, large and small, remain shut following widespread vandalism, looting, and arson that began on August 5 last year. Around 100,000 workers who once relied on these factories for their livelihoods are now struggling to survive with their families, living in dire conditions....
249 more women get interest-free loans from Bashundhara Foundation
The Bashundhara Foundation provided an interest-free loan to 249 underprivileged women on Monday as part of a philanthropic initiative by the countrys leading industrial conglomerate. More than Tk4.1 million is given to the recipients in the 76th round of the scheme, which continues to work to...
Default loans exceed Tk3 trillion for first time
Non-performing loans (NPLs) in the countrys banking sector reached a record high of Tk345,000 crore by the end of December 2024, highlighting the massive loan scams committed during the ousted fascist Awami League regime. By the end of last year, default loans represented a fifth of the total...
SMEs struggle due to high interest rates, tough loans
Alamgir Hossain, a small entrepreneur in the jute industry, recently applied for a loan of Tk5 lakh to expand his business. He was initially denied the loan and was required to provide three guarantors signatures, his business trade license, and various other documentsa daunting process for a small...
Millions of investors trapped in margin loans
Margin loans created massive turmoil in the stock market during the previous Awami League government. Over the years, millions of investors have suffered losses due to these loans. Syndicates engaged in market manipulation used multiple accounts both legitimate and anonymous to trap investors....
Defaulted loans threaten financial sector
The Finance Division believes that the countrys financial sector is at significant risk due to defaulted loans. According to sources the default rate stood at 6.12% in December 2011, and it surged to 16.93% by December 2024. Additionally, mismanagement and corruption in the sector under the...
BB adopts new provisioning system to tackle non-performing loans
Bangladesh Bank (BB), in a bid to mitigate the severe liquidity crisis and prevent bankruptcies stemming from non-performing loans (NPLs), has introduced a new provisioning model in compliance with international financial standards. The move aims to ensure banks are better equipped to handle...
No gains from BRICS bank even after three years
Bangladesh has not yet received any assistance three years after joining the BRICS bank. Bangladesh became a member of the New Development Bank (NDB), led by BRICS, in 2021. However, apart from Brazil, Russia, India, China, and South Africa, no other countries have received loan approvals from this...
Crisis deepens as debt discipline remains absent
Bangladesh is grappling with a mounting financial crisis, marked by escalating government debt and surging defaulted loans. The governments total debt now stands at an alarming Tk 20.49 trillion, with domestic debt comprising Tk 10.20 trillion and foreign debt totaling Tk 10.13 trillion, equivalent...
Auto financing in Pakistan rises amid interest rate cuts
Auto financing witnessed a slight increase, reaching $847.63 million in December 2024 from $844.56 million in November, according to data from the State Bank of Pakistan (SBP). This marks a reversal of the negative trend seen in November, when financing declined from $850 million in October. For...
Businessmen backed against the wall
Resentment among businessmen is mounting as they feel increasingly cornered by the challenges facing the economy. With no clear guidance to revive trade and business, many have turned to Bangladesh Bank Governor Ahsan H. Mansur, presenting a nine-point set of demands aimed at easing their burden....
Defaulted loans could exceed Tk 6 lakh crore
Bangladesh Bank spokesperson Husne Ara Shikha said information on defaulted loans was hidden in previous governments regime, now efforts are being made to reveal it. It is said that the defaulted loans are worth 4 lakh crore taka or more. But she believes that if the total information comes to...