ICCB President Mahbubur Rahman said the much-needed credit flow for the private sector is very low and depressing due to over cautious steps taken by the commercial banks. The ICCB chief made the remark while inaugurating the ICC workshop on Credit Risk Management and Trade Finance at a hotel in Dhaka on Saturday. The International Chamber of Commerce (ICC), Bangladesh organised the workshop. The workshop was conducted by Dr. Toufic Ahmad Choudhury, Director General of the Bangladesh Institute of Bank Management (BIBM). Johnson Chang, Chief Risk Officer, HSBC and Mohammed Hossain, former CEO and Managing Director,... more ›
The Energy and Mineral Resources Division (EMRD) will not sign deals for any of the mega projects like Liquefied Natural Gas (LNG), Liquid Petroleum Gas (LPG) and second unit of Eastern Refinery Limited (ERL) during the poll-time government, top officials said. “We would not sign any major deals for LNG, LPG and ERL unit-2 now. But we would continue the procedure of signing the deals for ERL and LNG by March next,” EMRD Secretary Md Mozammel Haque Khan told daily sun. Besides, the EMRD would continue to discharge regular works to ensure smooth supply of gas and petroleum fuels, he said. The EMRD would not sign any deal for any project to... more ›
Dhaka stocks recovered from the bearish trend though the turnover remained sluggish throughout the week as investors maintained ‘wait and see’ policy and waiting for a clear political declaration. The turnover at the premier bourse declined further during last week as it totaled to Tk 21.43 billion, declining by 30.47 percent from the previous week, lowering the average daily turnover as well. In the week, the DSE broader All Share Price Index, DSEX advanced 46.67 points or 1.10 percent to close at 4,277.39, while the DS-30 for blue chip stocks, dropped by 5.86 points or 0.39 percent to 1,497.92. The shares gained on two days during the five-day trading week. Of... more ›
Dhaka Chambers of Commerce and Industry (DCCI) signed a Memorandum of Understanding (MoU) with Klang Chinese Chamber of Commerce and Industry, Malaysia in Malaysia on Friday last to encourage cooperation between the two chambers. As per the agreement KCCCI will offer assistance by directing all enquiries from its members interested in the services to DCCI. KCCCI will also display all information of DCCI on its website. DCCI President Md. Sabur Khan and Dr. Leong Kai Him, President of KCCCI signed the MoU on behalf of their respective organisations. DCCI directors Abdus Salam, Abul Hossain and Deputy President of the Associated Chinese Chamber of Commerce and Industry of Malaysia Datuk Ter Leong Yap... more ›
Rickshawpullers, betel-nut and bidi traders, tea-stall owners, cobblers or hawkers will have access to bank credit, thanks to the central bank’s financial inclusion initiative. Bangladesh Bank (BB) has decided to use a part of its Tk 200 crore refinancing scheme formed to provide credit to 'Tk 10’ account holders for this purpose, said a senior officer of the central bank. "The rate of interest will be at 6 per cent and an individual will be able to take maximum Tk 40,000 as loan,” the BB official told BSS. BB will soon issue a circular in this regard, he added. He said the central bank is planning to expand its financial inclusion initiative... more ›
Published by Maynal Hossain Chowdhury on behalf of East West Media Group Limited, Plot No: 371/A, Block No: D, Bashundhara R/A, Baridhara, Dhaka -1229 and Printed at Plot No: C/52, Block-K, Bashundhara, Khilkhet, Badda, Dhaka.