The nonperforming loans in the banking sector increased by Tk 11,237 crore in the first three months of 2017 — a development that has been attributed to seasonality by bankers, according to a report in the Daily Star. “It is a common trend that default loans soars in the first quarter of a year due […]
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Default loans rise to 10.53pc in Bangladesh
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FDI into Bangladesh declines as methodology revised to IMF standards
Net inflow of Foreign Direct Investment (FDI) into Bangladesh appears much lower than it was estimated earlier as the central bank revised the data matching an updated matrix of the IMF. The FDI netting in the last fiscal year, 2015-16 (FY16), was estimated at US$2 billion, which has been now revised downwards at $1.29 billion after the Bangladesh […]
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Japan’s US$1.20b development aid package to Bangladesh facing delay
Japan’s nearly US$1.2 billion soft loan for five development projects is facing delay despite Bangladesh government’s efforts for confirming the assistance, officials said Wednesday. The loans are arranged under the Tokyo-assured 36th development aid package. Gloomy business and political environment as well as increased dependence on a certain bilateral donor country are cited as major reasons […]
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Japan wins over China beyond South China Sea – for now
Two major powers in Asia, Japan and China have been all but bosom friends for centuries and now more so. Their rivalry range from fishing into each other waters to space research on one hand and dominance from the South China Sea to the Indian Ocean and may be beyond. In one of the recent business competitions […]
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Bangladesh Govt. to reclaim 2,000-acre KEPZ project land jeopardising $1.2b FDI
The Bangladesh government’s plan to take back 2,000 acres of land out of nearly 2,500 acres from the Korean Export Processing Zone (KEPZ) would jeopardise an investment of $1.2 billion that South Korean companies are planning to pump into the economic zone. Experts said it would send a wrong message to foreign investors who see […]
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Is BGMEA Firewall against foreigners in the RMG sector losing heat?
The government of Bangladesh has reached a consensus with the country’s Ready-made Garments (RMG) industry associations to allow Foreign Direct Investment (FDI) outside the export-processing zones (EPZs) under certain conditions. The final and decisive blow for such agreement may have come from Japan, which, during it’s Prime Minister Shinzo Abe’s 21-hour visit to Bangladesh on the […]
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VF IFC team up to lend $10m for apparel sector
Programme offers financing for fire and building safety improvements VF Corporation (NYSE: VFC) today announced a collaboration with the International Finance Corporation (IFC), a member of the World Bank Group, to provide up to $10 million in financing for building upgrades and fire and safety improvements in vendor factories in Bangladesh. These funds are part of VF’s overall US$17 million commitment to the health and safety of Bangladeshi […]
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PARAMOUNT: Paramount Insurance Company
Paramount Insurance Company is one of the leading insurance company of the country, since its establishment in November 1999, the company has successfully been in operation with paid up capital of Taka 15 (Fifteen) crore (Tk. 6 crore from sponsor AND Tk.9 crore from IPO) present paid up capital is 19.06 crore and authorised capital […]
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SPCL: Shahjibazar Power Company Limited
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NY private equity firm to invest $200m in RMG in Bangladesh
TAU Investment Management LLC, a New York-based growth-equity venture investment firm is currently in the process of raising a US$1.0 billion for modernisation of the garment and textiles industries in Bangladesh, Indonesia, Cambodia, Vietnam China and, to lesser extend, in Turkey. The fund is backed by the Soros family, Yahoo co-founder Jerry Yang and the Global […]
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Fast Reading
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Explosives screening mandatory for direct cargo services to the EU
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Ett mysigt sovrum, ett kontor och massor av bekvämligheter i Gulshan, Dhaka
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A cozy Bedroom, an Office and lots of Convenience in Gulshan, Dhaka
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Sustainability Compact – Achievements and Challenges
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Bangladesh Sustainability Compact Achievements
- PROGRESLIF: Progressive Life Insurance Co
- SHAHJABANK: Shahjalal Islami Bank Limited
- BDFINANCE: Bangladesh Finance and Investment Co
- TRUSTBANK: Trust Bank Limited
- UNIONCAP: Union Capital
