Business-Economy

Deposits increase 33-fold in one year

Staff Correspondent: The amount of money deposited by Bangladeshis in banks in Switzerland has increased 33-fold in a single year. The total deposits have risen to about 590 million Swiss

Global FDI drops again, future also grim

TDS Desk: Global foreign direct investment (FDI) dropped by 11 per cent in the last year, marking the second consecutive year of decline and also confirming a sharp slowdown in

ADB approves $500m loan for Bangladesh’s banking sector reform

TDS Desk: The Asian Development Bank (ADB) on Thursday approved a $500 million policy-based loan to stabilise and reform the banking sector in Bangladesh by strengthening regulatory supervision, corporate governance,

Record revenue shortfall feared in outgoing fiscal

Staff Correspondent: A record revenue shortfall worth nearly Tk 1.0 trillion is likely in the eventful outgoing fiscal, largely for sluggish private-sector investment, poor execution of development projects and banking-sector

Soaring loan interest hits all businesses, SMEs hurt most

Staff Correspondent: As interest rates climb steeply across Bangladesh’s banking sector, businesses of all sizes – from sprawling industrial conglomerates to cottage, micro, small, and medium enterprises (CMSMEs) – are

17 banks in Tk1.77 lakh crore provision shortfall amid soaring NPLs

Staff Correspondent: The surge in non-performing loans (NPLs) left 17 banks grappling with a cumulative provision shortfall of Tk1.77 lakh crore as of March-end this year – an escalation from