Stimulus packages fuelling private credit growth
Private sector credit growth extended its gains for the second straight month in August driven by loans given under the stimulus packages aimed at reviving the economy.
MFIs to get more money to lend under stimulus package
Microfinance institutions (MFIs) will receive more funds from banks under the government’s Tk 3,000-crore stimulus package for distribution among the pandemic-hit clients after the central bank raised the ceiling on the loans they can secure from commercial lenders.
Small paint manufacturers need easy loans for survival
The coronavirus outbreak wreaked havoc on the paint industry at a time when it was reeling from a slowdown in the housing and infrastructure sectors for the last couple of years, said Rupali Chowdhury, managing director of Berger Paints Bangladesh.
BSEC vows to rein in rumours
The Bangladesh Securities and Exchange Commission (BSEC) will take strict measures against the spread of misinformation on the stock market as it leads to gambling and has an overall negative impact on general investors, according to a senior regulatory official.
Investors frustrated over Ring Shine Textile’s factory closure
Investors of Ring Shine Textile have been left shocked by the company’s decision to shut down its factory at the Dhaka Export Processing Zone in Savar for a month.
MORE BIZ NEWS
jute mill workers
People are seen producing jute sacks at state-owned Crescent Jute Mills at Khalishpur in Khulna on June 27. The jute mill labourers will fall into a deep trouble as the government has decided to shut all 25 state jute mills by today and lay off 25,000 permanent workers with golden handshakes. Besides, those who retired since 2014 will be given lump sums. But there is nothing for the temporary workers. The Khulna-Jashore industrial belt alone has nine jute mills, which have 8,100 permanent and 30,000 temporary workers. Photo: Dipankar Roy
jute mill workers
Photo: Dipankar Roy
jute mill workers
Photo: Dipankar Roy
jute mill workers
Photo: Dipankar Roy
Bank Asia
Private banks donated Tk 163 crore for the Prime Minister's Relief Fund, at a programme at Gono Bhaban in Dhaka on Friday. Bank Asia Chairman A Rouf Chowdhury are seen handing over the funds to Prime Minister Sheikh Hasina, Photo: Bank
Exim Bank
Exim Bank Chairman Md Nazrul Islam Mazumder are seen handing over the funds to Prime Minister Sheikh Hasina. Photo: Bank
Islami Bank
Islami Bank Bangladesh Chairman Arastoo Khan are seen handing over the funds to Prime Minister Sheikh Hasina. Photo: Bank
Jamuna Bank
Jamuna Bank Chairman Md Ismail Hossain Siraji are seen handing over the funds to Prime Minister Sheikh Hasina. Photo: Bank
Prime Bank
Prime Bank's Executive Committee Chairman Quazi Sirazul Islam are seen handing over the funds to Prime Minister Sheikh Hasina. Photo: Bank
Pubali Bank
Pubali Bank Chairman Habibur Rahman are seen handing over the funds to Prime Minister Sheikh Hasina. Photo: Bank
ADB president visits Viyellatex factory
Takehiko Nakao, president of Asian Development Bank, and Manmohan Parkash, country director, visit a factory of apparel maker Viyellatex Group at Gazipur yesterday. Ahsan Kabir, vice chairman of Viyellatex Group, was present.
visitors take a look at jewellery
visitors take a look at jewellery from Thailand and India being offered at 10 percent discounts at a stall of Dhaka International Trade Fair in the capital yesterday. Photo: Star
vision electronics
Refrigerators along with over 300 products of Vision Electronics are being offered with cashbacks and gifts such as trips to Russia centring the upcoming FIFA World Cup, jerseys, t-shirts and footballs. Photo: Star
Private banks stand by flood-hit people
Prime Minister Sheikh Hasina speaks at a programme at the Prime Minister's Office in Dhaka yesterday, when private banks donated funds for the people affected by the recent flood across the country. Thirty nine banks gave Tk 85 crore as part of their corporate social responsibility activities, at the event organised by Bangladesh Association of Banks. Photo: PID
Private banks stand by flood-hit people
Prime Minister Sheikh Hasina speaks at a programme at the Prime Minister's Office in Dhaka yesterday, when private banks donated funds for the people affected by the recent flood across the country. Thirty nine banks gave Tk 85 crore as part of their corporate social responsibility activities, at the event organised by Bangladesh Association of Banks. Photo: PID
Private banks stand by flood-hit people
Prime Minister Sheikh Hasina speaks at a programme at the Prime Minister's Office in Dhaka yesterday, when private banks donated funds for the people affected by the recent flood across the country. Thirty nine banks gave Tk 85 crore as part of their corporate social responsibility activities, at the event organised by Bangladesh Association of Banks. Photo: PID
Private banks stand by flood-hit people
Prime Minister Sheikh Hasina speaks at a programme at the Prime Minister's Office in Dhaka yesterday, when private banks donated funds for the people affected by the recent flood across the country. Thirty nine banks gave Tk 85 crore as part of their corporate social responsibility activities, at the event organised by Bangladesh Association of Banks. Photo: PID
Private banks stand by flood-hit people
Prime Minister Sheikh Hasina speaks at a programme at the Prime Minister's Office in Dhaka yesterday, when private banks donated funds for the people affected by the recent flood across the country. Thirty nine banks gave Tk 85 crore as part of their corporate social responsibility activities, at the event organised by Bangladesh Association of Banks. Photo: PID
