China’s new loans surge to record $458.3b, blow past forecasts China’s banks extended a record 2.9 trillion yuan ($458.3 billion) in new yuan loans in January, blowing past expectations and nearly five times the previous month as policymakers aim to sustain solid economic growth while reining in debt risks. While Chinese banks tend to front-load […]
Two e-commerce sites get $5m investment E-commerce platforms sindabad.com and kiksha.com got $5 million from the Bangladesh-focused private equity fund Frontier Bangladesh in what can be termed as a roaring endorsement of the sector’s bright prospects. Launched in 2016, both the platforms are concerns of Zero Gravity Ventures Limited. From sindbad.com, businesses can purchase anything […]
Train garment workers to save their jobs amid automation: experts Bangladesh should train its garment workers to improve their skills as 80 percent of them could lose jobs in the next 15 years due to automation, said fashion experts yesterday. Job losses will take place mainly in Asian countries such as China, Bangladesh, Vietnam, Cambodia, […]
Trade deficit continues to widen Trade deficit almost doubled to $8.62 billion in the first half of the fiscal year as fears of depreciation of the taka and pressure on foreign reserves mount. If the trend continues, the trade gap will surpass $19 billion this fiscal year, said Ahsan H Mansur, executive director of the […]
Fish farming in cages spreading out A new form of fish farming, known as cage culture, is expanding in flowing water of rivers and canals in various parts of the country, raising hopes for an increased production of fish. Fishes, mostly tilapia, are now farmed in nearly 6,000 cages in rivers where such farming did […]
Int’l trade to be more dynamic Bangladesh Bank is set to upgrade the Bangladesh Automated Clearing House (BACH) in a bid to help businesspeople settle their local export- and import-related transactions in a day instead of existing 7-10 days. The upgraded version, which will be called BACH II, is scheduled to go live on May […]
Overcoming the problem of NPLs The banking sector in Bangladesh has experienced a huge setback in terms of non-performing loans (NPLs) in the past several years. The NPLs doubled in amount in seven years, from 2011 to 2017. Primarily, non-performing loans affect the profitability of banks. Studies have shown the negative relationship between the profitability […]
Technology progression and economics of wind power Throughout history, sailing has been critically instrumental to the development of civilisation, providing the human race with greater mobility than travel over land, whether for trade, transport, fishing or warfare. Once human beings developed the technology to sail ships dating between 5000 and 5500 BC, wind became the […]
DMTCL submits Tk 7.09b project bid to start design The government will start detailed design of a fresh metro-rail line between Airport and Kamalapur, as the agency concerned has sought approval of a project in this regard, officials said on Wednesday. Ministry of Road Transport and Bridges (MoRTB) officials said the state-run Dhaka Mass Transport […]
China industrial policy at work in lingerie themed town Please use the sharing equipment found by way of the electronic mail icon at the pinnacle of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers might also share up to 10 […]