Business-Economy

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

Bankers’ hospital initiative stalled, funds lie idle at bank

Staff Correspondent: Bangladesh Bank took an initiative to build a hospital, funded by various banks, at the request of Bankers’ Club of Bangladesh. To implement the initiative, a foundation was

Money-whitening facility unlikely

Staff Correspondent: The much-debated black-money-whitening facility is unlikely in the upcoming fiscal year as the provision incorporated into the Finance Ordinance may finally be dropped amid outcry. The finance ordinance,

New notes ‘unrecognized’ by ATMs and CRMs, blame game continues

Staff Correspondent: Ahead of Eid-ul-Adha, the central bank released about Tk500 crore worth of new notes into the market. Initially, Tk20, Tk50, and Tk1,000 denominations were issued. However, the new