Bangladesh’s state-owned Sonali Bank (SB) has decided to reschedule Tk 982.44 crore of Bangladesh Export Import Company (BEXIMCO) Limited’s loans and extend the repayment period to 2026 to help the conglomerate ride out its severe cash crunch and continue commercial operations. Beximco’s loan rescheduling proposal was approved in entirety last week by the Sonali bank’s […]
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Beximco’s severe cash crunch may be eased by Sonali Bank
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€13 million loans to GMG unlikely to be recovered
Dhaka, Sept 6 (bangladeshinside.com) – Bangladesh’s largest government owned Sonali Bank Ltd’s loans worth Tk 134.36 crore or approximately 13.5 million Euro against inadequate collateral to GMG Airlines look unlikely to be recovered given the closure of the private carrier, government auditors found, reports the Daily Star. The spot of financial irregularity at the country’s largest state […]
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Real Estate Prices in Bangladesh in Sky-fall
Dhaka, Aug 14 (bangladeshinside.com) — Realtors are slashing apartment prices in a bid to revive the housing sector, reports the Daily Star. “The apartment prices in Dhaka are around 25 percent cheaper now than three years ago,” said Toufiq M Seraj, managing director of Sheltech (Pvt) Ltd, a real estate company. In 2010-11, each square foot of a […]
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Bank stung by Ananda Shipyard’s liabilities
Dhaka, Jul 29 (bangladeshinside.com) — Much hyped shipbuilding industry in Bangladesh seems to be in serious trouble which does not come as surprise to analysts. Cancellation of export orders worth $89.40 million or about BDT 700 crore of Ananda Shipyard and Slipways has left its financier, Islami Bank Bangladesh Ltd (IBBL), in a sticky situation, reports […]
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GMG not paying EUR 15 Mio in dues
Dhaka, Jul 23 (bangladeshinside.com) — An international aircraft leasing firm and Civil Aviation Authority of Bangladesh have filed eight cases against GMG Airlines in connection with around EU 15 million the carrier owes them, reports the Daily Star. The Civil Aviation Authority of Bangladesh (CAAB) lodged seven suits with lower courts while the Los Angeles-based International Lease […]
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আবারো কালো টাকা বৈধ করার সুযোগের সম্ভাবনায় টিআইবি উদ্বিগ্ন
ঢাকা, ০৪ জুন (bangladeshinside.com) — আজ ঢাকায় প্রকাশিত এক সংবাদ বিজ্ঞপ্তিতে ট্রান্সপারেন্সি ইন্টারন্যাশনাল বাংলাদেশ (টিআইবি) ২০১৩-১৪ বাজেটে কালো টাকাকে বৈধতা প্রদানের সুযোগ অব্যাহত রাখা হচ্ছে মর্মে প্রকাশিত সংবাদে গভীর উদ্বেগ প্রকাশ করেছে। এই বিধান না রাখার জন্য সংস্থাটি অর্থমন্ত্রী তথা সরকারের প্রতি আহ্বান জানিয়েছে। এক বিবৃতিতে টিআইবি’র নির্বাহী পরিচালক ড. ইফতেখারুজ্জামান বলেন, “নাম মাত্র করের বিনিময়ে […]
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NBR directs banks to freeze GMG accounts
Dhaka, Jan 7 (bangladeshinside.com)—The National Board of Revenue (NBR) has directed all banks to freeze accounts of the country’s oldest private carrier GMG Airlines for not paying travel taxes worth BDT 210 million (approx. EUR 2.0 million) since 2005, reports The Financial Express in Bangladesh. The tax authority recently sent letters to 12 commercial banks […]
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BDT 12.47b stuck up in private placement shares
Dhaka, Nov 15 (bangladeshinside.com)—More than BDT 12.47 billion of investors’ money has got stuck-up in placement shares and those who paid money two years back for such shares to make some profit are facing the music, reports The Financial Express in Bangladesh. Many of them are yet to get their shares or are counting an […]
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Russia’s RT Nominated for Emmy award
Dhaka, Aug 24 (bangladeshinside.com) — Russian news channel RT has been nominated for an International Emmy in the News category, reports PRNewswire. RT, Russia’s first international news channel, widely watched in Bangladesh, was nominated for its coverage of Occupy Wall Street, a movement that started in New York City in 2011 and has since spurred a worldwide phenomenon. […]
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Yusen Logistics of Japan Expands to Bangladesh
Dhaka, Aug 16 (bangladeshinside.com)—The Japanese logistics company Yusen Logistics Co., Ltd. announced today it’s expansion to Bangladesh in a response to increasing logistics demand in one of the fastest growing emerging markets in the South Asian region. A joint-venture company, Yusen Logistics (Bangladesh) Ltd., has been registered in Bangladesh on the 2nd July, which will begin operations […]
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Fast Reading
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Delays and delivery default risks unavoidable
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BGMEA asks Peacocks to clear payments to 29 Bangladeshi factories
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Bangladesh’s “Ease of doing business Index” Ranking dilemma!
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Compliant factories in Bangladesh – Intl. collaboration welcome
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Venami shrimp farming begins in Bangladesh
- Opportunities beyond clothing in Bangladesh
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Gas reserve potential left unexplored in Bangladesh
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Facts Check: Power Generation in Bangladesh
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Weak NBFIs in Bangladesh barred from paying dividend
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Japan fails to secure VAT Exemption for JICA funded project in Bangladesh
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Alibaba and Amazon to build network in Bangladesh
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Bangladeshi RMG manufacturers chocking as orders fell by 30%
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Non-performing loans may increase as recovery remains slow
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Some Recommendations on Overcoming the Crisis in the Leather Industry
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Bangladesh’s $8 billion credit risk from the global retailers and brands
- ACMELAB: The ACME Laboratories Limited
- AFTABAUTO: Aftab Automobiles
- EASTRNLUB: Eastern Lubricants
- GLAXOSMITH: Glaxo SmithKline
- LINDEBD: Linde Bangladesh
- PADMALIFE: Padma Islami Life Insurance
- ACI: ACI Limited
- ICB: ICB
- BATBC: BATBC
- BSC: BSC
- NTC: National Tea
- RENATA: Renata
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ABBANK: AB Bank Limited
- BDLAMPS: Bangladesh Lamps
- APEXFOODS: Apex Foods
