The highest ranking official of the foreign investment promotion and supervision authority of Bangladesh, the Bangladesh Investment Development Authority (BIDA), does not believe that Bangladesh would achieve it’s goal improving it’s rank among the 100 best countries in the World Bank’s Ease of doing business Index this year. One of the most senior bureaucrats of […]
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Bangladesh’s “Ease of doing business Index” Ranking dilemma!
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Opportunities beyond clothing in Bangladesh
Bangladesh no longer requires introduction as global sourcing hub for major clothing brands of the world. The fierce suppression of the FOB price, increasing costs for compliance to many national and international rules and regulations – often separately brand by brand – and retail market volatility leave very little room for margins for most clothing […]
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Weak NBFIs in Bangladesh barred from paying dividend
Stocks of non-bank financial institutions (NBFI) dropped by about 1.5 per cent yesterday, a day after the central bank’s banned them from providing dividends of more than 15 per cent. With a number of non-bank financial institutions (NBFIs) suffering from severe cash crunch, the Bangladesh Bank (BB), central bank of the country yesterday barred financial institutions […]
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Bangladeshi RMG manufacturers chocking as orders fell by 30%
($1 = 0.7325 pounds; $1 = 0.8315 euros) Bangladeshi Ready-Made-Garment (RMG) manufacturers and related industries are chocking from poor cash flow mainly caused by massive discount and late payments by international retailers and brands on one hand and 30% less orders on the other due to huge stockpiles of inventory by almost all clothing retailers and brands in […]
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Non-performing loans may increase as recovery remains slow
Loans to the vulnerable sectors in Bangladesh such as garment, textile, cement and tanneries will face significant pressure as they are yet to record expected recovery from the shock of the coronavirus pandemic, Moody’s said. “The true asset quality of loans will emerge across all sectors, and we expect significant pressure in loans to vulnerable […]
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Bangladesh’s $8 billion credit risk from the global retailers and brands
Bangladeshi Ready-Made-Garment (RMG) manufacturers are struggling to survive because of a poor cash flow caused by delays in payments by international retailers and brands despite restoration of some orders, widening the payment default risks only further as increasing number of retailers and brands are filing insolvency proceedings by self-administration or bankruptcy protection. This development is […]
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BGCCI International Webinar: Post-COVID Economic Relations between Bangladesh & Germany
The Bangladesh-German Chamber of Commerce & Industry (BGCCI) hosted an international Webinar on the 27th January 2021 from 19:00 to 21:15 hrs Bangladesh standard Time (BST) on: “POST COVID19 Economic Relations between Bangladesh & Germany” The Webinar was attended by 131 participants, panelists and speakers from Bangladesh, Germany and the USA. The honourable Commerce Minister of Bangladesh […]
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Default loans fall due to relaxed rules in Bangladesh
The amount of default loans in the banking sector decreased after relaxation of the rules and regulations by the central bank of Bangladesh, the Bangladesh Bank (BB), according to the Finance Minister of Bangladesh Mr. AHM Mustafa Kamal in the parliament while responding to queries. The parliament was further detailed about the non-performing loans (NPLs) […]
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300,000 loan defaulters in Bangladesh officially
There are more that 300,000 loan defaulters in various banks and financial institutions across Bangladesh, Finance Minister AHM Mustafa Kamal has said. As of October 2020, there were 334,982 loan defaulters across the country, according to the Finance Minister of Bangladesh Mr. AHM Mustafa Kamal in response to a question in the parliament on January 25th, 2021, […]
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Uttara Finance & Investments Ltd BDT 5,100cr scam: UTTARAFIN
1 crore =10 million & 1 EUR = BDT 102.67 Loan applications to financial institutions in Bangladesh require five layers of scrutiny before being approved, usually. The Uttara Finance and Investment Limited, a non-bank financial institution and publicly traded company in Bangladesh under the Dhaka Stock Exchange (DSE) trading code UTTARAFIN did not followed any of the […]
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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
