Business-Economy

HSBC Bangladesh records Tk1,000cr for first time in 2024

Staff Correspondent: HSBC Bangladesh’s profit reached Tk1,000 crore mark in 2024, which was its highest ever. According to the bank’s financial statement, its net profit stood at Tk1,086 crore last

From safe haven to hidden hazard: Bangladesh’s growing yen debt strain

Staff Correspondent: What once seemed like a clever financial move is now becoming a costly burden. Bangladesh’s strategy of borrowing in Japanese yen to sidestep high dollar-based interest rates is

Adani Power awaits $900m dues from Bangladesh: Adani CFO Dilip Jha

TDS Desk: Adani Power has said that Bangladesh owes them an additional $900 million in dues from the electricity supplied by the Godda Power plant in Jharkhand, says Chief Financial

Southeast Bank MD sent on forced leave

Staff Correspondent: Nuruddin Md. Sadeque Hossain, managing director (MD) of Southeast Bank PLC (SEBL), has been sent on a three-month forced leave, effective Monday, said sources from SEBL and Bangladesh

Gold is comparatively costlier in Bangladesh

Staff Correspondent: The price of gold had increased by Tk 39,600 per bhori in the past four months. The price has decreased slightly in the past few days, but still

20 banks’ capital shortfall jumps Tk1,71,789cr by Dec

Staff Correspondent: Due to a sharp increase in non-performing loans in the banking sector, the capital shortfall of 20 banks rose to Tk1,71,789 crore in December 2024 – in just