Summary The Bangladesh Bank has recently introduced a new framework that aims to promote financial stability and maintain public confidence in the banking system. This framework categorizes troubled banks into four groups based on their non-performing loans (NPLs) and Capital to Risk (Weighted) Assets Ratio (CRAR). Content: As per the Prompt Corrective Action (PCA) Framework, if a bank's Non-Performing Loans (NPLs) exceed... Read More
Summary The government granted tax concessions of approximately Tk1 lakh crore on raw material imports under the bond facility in FY2022-23, resulting in a reduction worth $1.45 billion in the first quarter of the present financial year. During the first three months of the current fiscal year, the misuse of bond facilities, which offer import duty concessions for raw materials... Read More
Summary: Shipbuilders in Bangladesh have been given an extra month to reschedule their defaulted loans. The Bangladesh Bank has extended the deadline to apply for rescheduling until December 31. To be eligible for the scheme, shipbuilders will need to make a down payment of 2.5 percent. Content: The central bank recently gave a group of borrowers in the shipbuilding industry more time... Read More
Summary: The United Arab Emirates, a country that holds a prominent position as one of the world's largest exporters of fossil fuels, is keen on establishing itself as an influential leader in creating global carbon markets. This move comes as the country prepares to host the annual United Nations climate talks, scheduled to take place this month. Content: The efforts of a... Read More
Summary: A more efficient, transparent, and business-friendly regulatory environment in Bangladesh is being recommended by the Dhaka Chamber of Commerce & Industry (DCCI) through the establishment of a specialized High Court division that will handle company disputes within a period of 120 days. Content: A recent seminar on "Reform of Companies Act 1994" was held at the DCCI auditorium in Motijheel, Dhaka.... Read More
Summary The Dhaka Stock Exchange (DSE) has announced plans to create a sophisticated platform that will focus on ensuring accurate disclosures by listed companies. The aim is to prevent the dissemination of misleading information. Content The newly appointed managing director of the country's leading bourse, ATM Tariquzzaman, unveiled this initiative during a program on Tuesday. He emphasized that the current manual process... Read More
Summary: Norway's government will invest $1.364 million to transform Bangladesh's shipbreaking yards into eco-friendly facilities. This project aims to protect the environment by reducing pollution in the ship breaking industry. Content: The Ministry of Industries, the Norwegian government, and the International Maritime Organization (IMO) are collaborating on a project called "Safe and Environmentally Sound Ship Recycling Project (SENSREC) Phase-3". On Wednesday, at... Read More
Summary: The new wage structure for the readymade garment workers is expected to be finalized by the 30th of November, according to Begum Monnujan Sufian, the State Minister for Labour and Employment. The new structure will become effective from the 1st of December this year. The statement was made on Sunday, the 29th of October, providing hope for workers who... Read More
Summary: WTO member nations have successfully reached an agreement to provide support to Bangladesh and other least developed countries (LDCs) as they progress towards graduation. Starting November 2026, Bangladesh will continue to receive trade benefits even after it graduates from the list of least-developed countries. However, the World Trade Organization (WTO) has decided to extend support measures for countries that... Read More
Summary: Banks in the country wrote off over Tk 7,319 crore in bad loans during the financial year 2022-23 to reduce their defaulted loans and improve the state of their balance sheets. However, the recovery process for such loans was not good, which resulted in an increase in the total amount of bad loans. Content: As per the latest data released by... Read More
