BB Policy sparks flurry of loan write-offs Loan write-offs almost quadrupled in the first quarter of the year on the back of the central Bank’s easing of rules, in a sobering reminder of the Banking sector’s deteriorating financial health. Between January and March, Tk 557.30 crore was written-off, in contrast

Form cells to monitor large default loans: BB The Central Bank yesterday asked Banks to form a special monitoring cell to keep an eye on defaulters with loans of more than Tk 100 crore. The cell will have to be formed immediately to give a boost to recovery from the

BD Auto Industries project near completion Local and foreign shareholders of Bangladesh Auto Industries Ltd held a meeting with Kazi Mohd Aminul Islam, Executive Chairman of Bangladesh Investment Development Authority (BIDA) recently. The Company will manufacture environment-friendly two-wheeler, three-wheeler and four-wheeler cars within March-April of next year. Managing Director of

G20 urged to speed up digital tax Top G20 finance officials agreed Saturday there was an urgent need to find a global system to tax internet giants like Google and Facebook but clashed on the best way to do it. The G20 has tasked the Organisation for Economic Cooperation and

Little progress in tapping blue economy potentials Bangladesh appears to have made little progress in exploiting its “huge” blue economy potentials. The contribution of the ocean economy to the total economy was 3.66 per cent in fiscal year 2009-10, which fell to 3.33 per cent in fiscal 2015. According to