Daily Newspaper in Bangladesh || Most Popular Online Newportal in Bangladesh

Author Information Not Found!!!

BB lends Tk 1,000cr to Exim Bank by printing money

Jibon Islam

Bangladesh Bank on Tuesday extended special loan of Tk 1000 crore to private sector's Exim Bank, for 90 days at 10.50 per cent interest.The loan was given against Demand Promissory (DP) notes as Exim Bank against bond, by printing money.BB lent the money on condition that the loan can be used only for financing exports ...

Tk 236,000cr stuck in backlog of loan default cases

BB Governor asks banks to speed up recovery of default loans

Jibon Islam

Tk 236,000cr stuck in backlog of loan default cases

The backlog of default loan cases continues to grow in the Artho Rin Adalat. According to the data of the Bangladesh Bank, at the end of last March, the total number of cases in the financial loan courts of 60 banks of the country stood at 207,593. Around Tk 236,489 crore is stuck in these ...

Banks told to reconstitute board of directors

6 more banks being restructured

Jibon Islam

Banks told to reconstitute board of directors

The Bangladesh Bank is identifying the board of directors of the banks which are in crisis due to various irregularities and lack of good governance. In the meantime, the board of 8 banks have been reconstituted. Six more banks are under consideration for restructuring. The central bank Governor Ahsan H Mansoor has started to sit in ...

ESKL charges extra money for issuing e-passport of BD from KL

Jibon Islam

There are allegations that excess money is charged by Expart Services (Kuala Lumpur) SDN BHD (ESKL) for issuing e-passports of Bangladesh ESKL operates outside the Bangladesh High Commission in Kuala Lumpur, as officers of the High Commission spend idle time without doing any work.The work which the High Commission is supposed to do without charging ...

BB stops S Alam group's credit card transactions

Jibon Islam

Bangladesh Bank (BB) on Tuesday ordered closure of all loan facilities to Saiful Alam Masud, the leader of S Alam Group and his relatives or institutions. They can neither withdraw nor deposit money, BB instructed 6 banks owned by S Alam Group. These banks include Islami Bank Bangladesh, Social Islami Bank, First Security Islami Bank, Global Islami ...

Good Agricultural Practices (GAP) Last

Country's fresh fruit, vegetable exports falling

Jibon Islam

Some unscrupulous traders export contaminated and substandard fruits and vegetables which created a negative impact on the exports from Bangladesh, sources told the Daily Observer. The said that this due to practice, Bangladesh lost its hold on the global market.After obtaining phyto sanitary certificate, unscrupulous traders export contaminated, unacceptable and substandard fruits and vegetables mixed with ...

Good Agricultural Practices (GAP) - 2

Biman's negative attitude affects export of fruits, vegetables

Jibon Islam

Exporters alleged that negative attitude of Bangladesh Biman is affecting export of fresh fruits and vegetables. Four months ago, export price of fruits and vegetables was $ 2 per kg. Air fare has been hiked 15 times in last four months to $ 4.50 per kg.In Bangladesh airfare is double that of neighboring countries, especially compared ...

Good Agricultural Practices (GAP)- 1

Fruits, vegetables will be cultivated on 3 lakh hectares of land under GAP in next three years

Jibon Islam

Good Agricultural Practices (GAP) Policy 2020 was passed on December 21, 2020, for safe food production, improvement of farmers' living standards and boosting foreign exchange earning.After this policy was passed, the Ministry of Agriculture adopted a 5-year action plan for 2020 to 2025. In order to implement this action plan, initiatives were taken to implement Good ...

S Alam continues to withdraw Taka in crores from banks

Jibon Islam

S Alam is tactfully withdrawing money from banks under his control under the guise of consumer goods business despite restrictions on lending. Money is being removed through pay orders of Tk 1 crore or less at the last moment.S Alam Group Social Islami Bank Ltd. (SIBL) Khatunganj branch has a loan of Tk 1,113 crore, ...

Battle for possession at bank after banks

Jibon Islam

After the fall of Sheikh Hasina government, there has been widespread instability in the shaky financial sector. Previously ousted entrepreneurs are desperate to take over the control of their banks. General shareholders in several banks are protesting against the removal of current directors. Angry officials have also thrown out many officials from the bank for ...