Tuesday | 10 September 2024 | Reg No- 06
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Tuesday | 10 September 2024
LATEST: 26 get life imprisonment in Naogaon murder case   Border killings strain Bangladesh-India relations: Foreign Adviser    Faridpur traffic inspector, wife's assets worth Tk 4cr seized   Attack on Hasina's train: 18 accused walk out of jail   3 to be hanged for killing siblings in Sirajganj   New DCs appointed to 25 districts    79 factories in Ashulia declared holiday amid unrest   
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Jibon Islam
BB lends Tk 1,000cr to Exim Bank by printing moneyBangladesh 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 ...
BB Governor asks banks to speed up recovery of default loans
Jibon Islam
Tk 236,000cr stuck in backlog of loan default casesThe 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 ...
6 more banks being restructured
Jibon Islam
Banks told to reconstitute board of directorsThe 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 ...
Jibon Islam
ESKL charges extra money for issuing e-passport of BD from KLThere 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 ...
Jibon Islam
BB stops S Alam group's credit card transactions 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
Jibon Islam
Country's fresh fruit, vegetable exports fallingSome 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
Jibon Islam
Biman's negative attitude affects  export of fruits, vegetablesExporters 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
Jibon Islam
Fruits, vegetables will be cultivated on 3 lakh hectares of land under GAP in next three yearsGood 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 ...
Jibon Islam
S Alam continues to withdraw Taka in crores from banksS 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, ...
Jibon Islam
Battle for possession at bank after banksAfter 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 ...
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