Plan for 20 more power plants with 22,052MW generation capacity The government has a plan to set up 20 more power stations with a total of 22,052-megawatt (MW) electricity generation capacity, reports BSS. The plan has been taken with the view to raising the total power generation capacity to 24,000MW by the year 2021 from […]
Mahathir calls for review of tpp trade pact Malaysian Prime Minister Mahathir criticized the current trade agreement as being unfair to countries with weaker economies. (Photo by Takaki Kashiwabara) KUALA LUMPUR — Malaysian Prime Minister Mahathir Mohamad wants to revise the 11-member version of the Trans-Pacific Partnership to give weaker economies more breathing room, in yet […]
31 Bangladeshi companies to take part in Texworld Paris bout 31 Bangladeshi companies, includingseven leather goods manufacturer companies, will take part in four-day tradeshow ‘Texworld Paris’ to be held from September 17-20 next, reports BSS. This year, the fair includes a special denim section to host ‘ApparelSourcing’ and ‘Avantex’ concurrently. A total of 1,660 companies […]
India brings hope to garment exporters Garment shipments to India, a country with a $50 billion apparel market, more than doubled in the first 11 months of the fiscal year — in a promising development for Bangladesh’s manufacturers. Between July last year and May this year, apparel items worth $253.07 million were shipped to the […]
Imports dominate kids’ dresses Parents along with their children are hitting the capital’s shopping centres as they look to purchase their desired outfit for Eid-ul-Fitr, the biggest Muslim festival. One such unit was Sabina Akter, who came to Mum & Little Ones on the Satmasjid Road in Dhanmondi with her husband and four-year-old daughter. “My […]
Two dozen China-funded projects: Progress belies expectations Due to the bureaucratic tangles, more than two dozen China-funded projects are not progressing at a satisfactory pace. So far, the disbursement has been made against only two projects. The projects include the construction of a tunnel under the Karanafuli River worth US$705.80 million and the development of […]
Experts call for banking reform commission Experts yesterday demanded that the upcoming budget contain a clear indication that a “banking reform commission” would be immediately formed to address the prevailing vulnerable situation in the banking sector. “The banking sector is passing a severe crisis moment due to different scams,” said Ahsan H Mansur, executive director […]
12 banks face provision deficit of Tk 10,596cr Twelve banks faced a provisioning shortfall of Tk 10,596 crore in the first three months of the year, a development that will compel banks to hike their interest rate on lending to ensure net profits. The banks are: Sonali, Agrani, Rupali, BASIC, AB, Bangladesh Commerce, IFIC, Mutual […]
BB may relax foreign loan cap for private sector The central bank mulls over relaxing the existing interest cap on private sector foreign loans to help businesses enjoy uninterrupted external borrowing, said a top Bangladesh Bank official yesterday. At present, businesses are not allowed to take foreign loans at interest rate higher than 5 percent […]
Default loans soar 19.23pc Some Tk 14,286 crore of loans defaulted in the first three months of the year, punching banks further into a corner in their uphill fight against non-performing loans. At the end of March, the total default loans in the banking sector stood at Tk 88,589 crore, up from Tk 74,303 crore […]