The government is preparing a new law that will allow establishment of finance companies in the private sector in the country. Such finance companies will mainly focus on 'development financing' and 'securitisation'. Besides, they will finance industries, agriculture, infrastructure projects and venture capitals. 'Development financing' means funding...
Investment Corporation of Bangladesh is metamorphosing into a loss-making concern for making supporting the stock market its chief objective rather than making money, fattening the list of unprofitable state-owned enterprises. In the first quarter of fiscal 2019-20 the listed investment bank incurred losses of Tk 134.30 crore,...
The new VAT (Value Added Tax) law has mostly been transformed into its 1991 version because of myriad changes made during the past six months, critics have said. Economists were critical of this edition, saying changing the provisions of the fresh law has made it far worse...
Bangladesh’s economy will make one of the biggest jumps between 2020 and 2034 on the back of demographic dividend and rising per capita income, according to the World Economic League Table 2020. Bangladesh ranks 40th among 193 countries this year and will rise to 25th in 2034,...
Businesses and bankers often blame political instability for
sliding private sector credit growth. But it was calm as the smoothest waters
on the political front last year after the polls on December 30, 2018 and yet
the slide did not stop. In November last year, private sector credit growth
dropped to...
The overall service quality of mobile phone operators worsened last year compared to the previous years, the telecom regulator said yesterday, blaming the carriers’ poor performance and unwillingness to buy sufficient spectrum due to higher prices. “It is true that call drop has increased and data speed...
Square Pharmaceuticals. The name itself rouses reliability.
So it is natural to assume that its stock will be a safe option for retail
investors. The reality though is quite different. Despite logging in
double-digit growth year after year, its stock price is tanking for the last
few months. So much that...
Almost all the banks posted higher operating profits in the just concluded year 2019 as the banks managed to expand their trade- and consumer-based business, but the high defaulted loans in the country’s banking sector remained a major concern. Bankers, however, said that the majority of the...
Anxiety gripped Ahmed Kabir the instant he learnt from the morning paper yesterday that the government has decided to fix a uniform interest rate for all types of deposits from April 1. Kabir had parked all his retirement benefits as fixed deposit receipts in banks after leaving...
The slowdown in its external trade might hurt the country's pace of economic growth in the current fiscal year. But a robust growth of workers' remittance is likely to act as counterweight in this regard. Bangladesh Bank (BB) made the observations in its 'quarterly' report, released...