3:24 pm - Thursday April 23, 6533
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Regulators

Bangladesh moves forward as production hub

maids from BD
Though often described as one of the least developed countries in South Asia, Bangladesh has overcome significant challenges to become a production hub for international companies that want to enjoy the cheap labor and other facilities the country has to offer. During my recent one-week stay in Bangladesh, I had the opportunity to visit some of the country's major factories and Export Processing Zones (EPZ), where thousands of Bangladeshis work to make a living. maids from BDWith its population of over 160 mil...

Tripartite meet on non-performing loans by BB, BIAC and ABB

bb
A Tripartite meeting between Bangladesh Bank (BB), Association of Bankers Bangladesh (ABB) and Bangladesh International Arbitration Centre (BIAC) was held on 12 April 2018 at the Bangladesh Bank Head Office to find out ways to strengthen the Alternative Dispute Resolution (ADR) system to settle large number of pending cases in the banking sector. The meeting was chaired by Mr. Abu Hena Mohd. Razee Hassan, Deputy Governor of Bangladesh Bank. From Association of Bankers Bangladesh, Mr. Syed Mahbubur Rahman, Chairman, Mr. Sohail R.K. Hossain, Vice Chairman, Mr. Md. Arfan Ali, Secretary General participated in the discussion. Mr. Muhammad A. (Rumee) Ali, CEO of BIAC, led BIAC team and took part in the discussion. Mr. Abu Hena Mohd. Razee Hassan, Deputy Governor of Bangladesh Bank emphasi...

Fast fashion industry at risk from bank trouble

rmgbd
Fast fashion is at risk of hitting a speed bump if a looming crisis sweeps through Bangladesh’s banking sector. Financial institutions in the south Asian nation face a credit crunch following mass deposit withdrawals in March and soaring levels of non-performing loans. Analysts and investors fear a full-blown crisis could spill over into Bangladesh’s strongest link to the global economy — the production of textiles and ready-made garments for fast fashion brands and retailers such as H&M, American Eagle Outfitters, Zara, Walmart and Target. “Although the loan book composition across commercial banks in Bangladesh tends to vary

NBR to organize ‘Halkhata’ on April 14

bangladesh

 National Board of Revenue (NBR) will organise 'Halkhata Day' marking Pahela Baishakh, the first day of Bengali New Year.

"As April 14 is a public holiday, the NBR will begin its Bengali New Year celebration programme the next day (April 15)," NBR Chairman Mosharraf Hossain Bhuiyan told journalists at his office here on Tuesday, reports BSS. bangladeshNBR is going to organize 'Halkhata Day' for the second time as it first observed day last...

Capital market to be in good position: Muhith

muhith
Finance Minister AMA Muhith today said the country’s capital market will go in a good position a few years and play a vital role to expedite investment by arranging necessary financing for the entrepreneurs, reports BSS. “There are no scopes for large ups and downs in the capital market now as the government is muhithworking to develop the market. We have taken different reforms initiatives to take the capital market in a stable position,” he said while addressing a dividend handover ceremony of the Investment Corporation of B...

Spl facilities for local auto manufacturers, assembles

NBR1
The National Board of Revenue (NBR) has announced to give local automobile manufacturers and assemblers special facilities in the upcoming budget for fiscal year 2018-19 (FY19). “NBR will give the local automobile manufacturers and assemblers special facilities as our main target is to discourage imports of automobiles to create jobs in the country,” said NBR chairman Md Mosharraf Hossain Bhuiyan while speaking at a pre-budget meeting with Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA) here today, reports BSS. NBR1