The Financial Express | Financial Online Newspaper

Dhaka,  Fri,  18 August 2017
walton
August 18, 2017, 12:53 am
The volume of non-performing loans (NPLs) jumped by over 19 per cent or Tk 119.76 billion at the end of June this year from December closing last year, despite close monitoring by the central bank. The amount rose to Tk 741.48
August 18, 2017, 12:49 am
State-owned Rupali Bank is unlikely to be able to overcome its liquidity problem anytime soon as necessary approval to its proposal for issuance of subordinated bond worth Tk 5.0 billion would take time, officials said. "It will take time to finalise
The declining remittance, rising non-performing loans, stagnant private investment, delay in project implementation and contract enforcement and poor port facilities are key challenges for Bangladesh to go into the higher economic growth trajectory, International Chamber of Commerce, Bangladesh (ICCB) said. "Experts observed that Bangladesh may face formidable challenge in moving to a higher growth path of 8.0 per cent plus GDP and earn the status of a middle-income country," said the trade body in its quarterly (April-June 2017 issue) news bulletin editorial on Thursday The foremost challenge lies with stagnant private investment, followed by weak institutional capacity to implement development projects, it
sportsRht
August 17, 2017, 4:04 pm
India is yet to confirm its third line of credit (LoC) worth US$4.5 billion credit (LoC) despite Bangladesh's request for holding a meeting on this issue, officials concerned said Monday. Officials said although India assured Bangladesh of providing the loan during
The Financial Reporting Council (FRC) will protect common investors and work to create a better investment climate for them, said its chairman C Q K Mustaq Ahmed on Thursday. "The FRC came into existence as common investor's wish and it will protect their interests," he said while speaking at a conference. The Institute of Chartered Accountants of Bangladesh (ICAB) organised the Members'
Five more exportable items have been included in the list of products eligible for the government cash incentive for this fiscal year (FY), 2017-18. Of the five products, information technology (IT)-enabled services and hardware exporters will get 10 per cent cash support, while synthetic and fabric-made footwear exporters will get 15 per cent. Besides, active pharmaceuticals ingredients (API) will get 20 per
A startup backed by Tony Fadell, one of the fathers of the Apple iPod, plans to announce that it is working with Samsung Electronics Co Ltd, Foxconn parent Hon Hai Precision Industry Co Ltd and others on a new way for mobile phones to transfer large amounts of data without using wires or WiFi connections., the Reuters reports Wednesday. Chief Executive Eric Almgren said his Campbell, Calif.-based company called Keyssa has raised more than $100 million from Fadell and the venture ...
sportsLeft
The Department of Civil and Environmental Engineering (CEE) of Islamic University of Technology (IUT) organised once again its yearly festival
Former Australian leg-spinner Stuart MacGill has turned down a Bangladesh offer to join the side ahead of two-Test series against his home country, a senior cricket official said on Thursday, reports sport24.co.za. Bangladesh were hoping to get some inside knowledge from MacGill, who took 208 wickets in 44 Tests for Australia, before the crucial home series against Steven Smith's team beginning later this month. MacGill was expected to join another Australian, Mark O'Neill, on the Bangladesh backroom staff for the tour by ...
A glass of wine or pint of beer a day can help people to live longer, according to new research. The study suggests that light-to-moderate alcohol consumption - classed as less than 14 drinks a week for men, and seven for women - may have “protective” health effects and can reduce the risk of dying young, according to a global media report. Experts said the findings show that for most older people, the overall benefits of light drinking “clearly outweigh” the ...
The Election Commission (EC) will not take any initiative of mediating among political parties over any election-related issue, report agencies. "It's not the EC's duty to mediate among political parties. I don't need to go to anyone as the EC is an independent body," Chief Election Commissioner (CEC) Khan Mohammad Nurul Huda told a dialogue with media personalities at the Nirbachan Bhaban in the city on Thursday. The dialogue was held as part of its series of talks with different stakeholders ahead ...
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Editor : A.H.M Moazzem Hossain
Published by the Editor for International Publications Limited from Tropicana Tower (4th floor), 45, Topkhana Road, GPO Box : 2526 Dhaka- 1000 and printed by him from City Publishing House Ltd., 1 RK Mission Road, Dhaka-1000.
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