Foreign Debt Payment shoots up in Q1 The country’s external debt payment reached a new high of nearly $500 million in the first quarter (Q1) of this fiscal year. The quarterly debt-servicing data released by the finance division showed the repayment rose by over 24 per cent to US$ 495.2

Five state banks to get listed by Oct Five state-run banks are set to get listed on the stock market by September as part of the government’s move to prop up the ailing bourse that has arguably dragged investor confidence down to rock bottom. A quarter of the shares of

Telecom Sector’s Revenue to cross $5b by 2023 The telecommunication industry’s revenue will grow by 34 percent in the next five years to $5.08 billion from $3.8 billion at present, on the back of expanding user base and wide range of services. The industry employs about 7.60 lakh people directly,

BB to crack down on habitual defaulters The central bank has moved to reform the existing acts to clamp down on habitual defaulters, whose tendency to go to courts to stall paying back loans has sent the sector’s non-performing loans to an alarming level. As of September last year, the

Q1 NPLs with industries swell to BDT 240.0 billion Classified loans in the industrial sector swelled by over 18 per cent or BDT 36.94 billion in the first quarter (Q1) of the current fiscal year (FY), proving the recovery drives by banks and financial institutions ineffective, to a great extent,