Chinese co to build $6.5m toy factory in Dhaka EPZ Chinese company Meigo (Bangladesh) Limited is going to establish a Toy Manufac-turing Industry in Dhaka EPZ with an investment of US$ 6.55 million. An agreement to this effect has been signed between Bangladesh Export Process-ing Zones Authority (BEPZA) and Meigo

Review cap on credit card interest About 70.0% of credit card-users pay off their loans before incurring any interest, leaving banks to rely on the remainder to make profits, said bankers. The proposed 5.0% cap on interest rate of consumer loans will take a toll on earnings, as the cost

Private banks book hefty net profits Private commercial banks saw 17.2 percent growth in net profit last year — a development that will bring cheer for stockmarket investors. In 2016, private banks, most of which are listed on the stockmarket, counted Tk 7,806 crore in net profit — eclipsing the

Five state-owned commercial banks (SoCBs) among nine banks facing capital shortfall in Q1 Two more state-owned commercial banks (SoCBs) were included in the list of banks facing capital shortfall in the first quarter (Q1) of this calendar year. With the latest two, the total number of banks facing capital shortfall,

RMG exports drop 19pc in FY’20 The country’s readymade garment (RMG) exports declined by 18.84 per cent to US$ 27.70 billion in the just concluded fiscal year (FY 2019-20). The sector had fetched $ 34.13 billion in the FY 2018-19. In the month of June 2020, the earning stood at