Business-Economy

Costly SLF last resort for stressed banks as call-money market dries

Staff Correspondent: Well-off banks still shy away from putting stakes on the call-money market out of trust deficit on their peers and increasingly pitch their funds into secure sovereign securities,

Budget: Hefty interest payments to cost Tk 1.22 tr

Staff Correspondent: Significant rises in domestic and overseas borrowings make the government earmark some Tk 1.22 trillion for hefty interest payments in the upcoming budget and officials see no letup

Pen down strike goes on for third day in protest of NBR abolition

Staff Correspondent: The pen-down strike by officials and employees of the National Board of Revenue (NBR) continues for the third consecutive dayon Saturday. As a result, revenue sector operations have

Prof Yunus for establishing dedicated ‘Microcredit Bank’

UNB: Chief Adviser Professor Muhammad Yunus on Saturday stressed the need for establishing a dedicated ‘Microcredit Bank’ to enable microcredit to play a more significant role within the formal banking

Apparel sector needs $6.6b investment to cut carbon emission by half

TDS Desk: Bangladesh’s textile and apparel industry needs an approximate investment worth US$6.6 billion to help reduce the level of carbon emissions by half by 2030 through renewable energy and

BD moves to renegotiate power tariffs with plant owners

TDS Desk: Bangladesh has initiated the move to re-negotiate tariffs with the power-plant owners to reduce “excessive” tariffs or “additional” costs as inscribed in the power-purchase agreements (PPAs) inked during