Bangladesh Institute of Bank Management (BIBM) yesterday proposed plans to recover the country's banking sector in post Covid-19 on a virtual workshop on Saturday. BIBM director general Md. Akhtaruzzaman chaired the workshop. In a paper titled ‘Economic, Monetary and Financial Sector Implications of Covid-19: Preparedness of Banks in...
President of the country’s apex trade organization FBCCI Sheikh Fazle Fahim on Monday said that they would remain involved in the working capital loan/investment disbursement process of the government-announced Tk 20,000 crore financial assistance package for cottage, micro, small and medium enterprise (CMSME) organisations. He also said...
The prolonged
coronavirus-led shutdown deepens worries over sales of 9 lakh kilograms of tea
currently piled up at brokerage houses.
The closure has
slashed tea consumption as restaurants and tea stalls have been closed for
nearly a month. As many as 167 tea estates of the country are...
The country’s accumulator battery industries sought a financial help of Tk 2,000 crore from the government to overcome the adverse impact of coronavirus outbreak on the sector. Of the proposed support, they wanted Tk 400 crore as grant and the remaining one as loan from the bailout...
Bangladesh has sought an additional $1.25 billion from the Asian Development Bank (ADB) to ballast the country's purses in its fight against coronavirus and beyond. The Manila-based development lender has already committed to providing $602.39 million as budget support as well as to meet the emergency expenditure in...
Conventional banks have to maintain 18.5 per cent statutory liquidity ratio (SLR) and cash reserve requirement (CRR) of their total clients' deposits. They must also maintain a maximum 85 per cent loans-deposit ratio. But the regulatory requirements are much lax for Islamic banks: they have to keep...
Governments will get more power to tax big multinationals like Google, Apple and Facebook doing business in their countries under a proposed overhaul of decades-old rules. Big internet firms have pushed tax rules to the limit as they can book profit and park assets like trademarks and...
Sri Lanka's fabric company Teejay Lanka Plc is hopeful of increasing sales from new apparel factories being set up in the South Asian region and Africa, according to company chairman Bill Lam. The rising trend of locating apparel plants in these two regions offers scope for the...