Loan classification policy likely to be relaxed
The loan classification policy of Bangladesh Bank will most likely be relaxed this month, indicated Finance Minister AMA Muhith.
The move comes in response to demands from garment exporters, who are left staring at huge losses after months of severe disruptions to their businesses owing to political turbulence.
They said the current loan classification policy, which marks a loan to be classified when the repayment period overshoots by three months, is “killing” them. Although they are still eligible for new loans, the banks put excessive pressure on them to make their payments, reports the Daily Star.
“I think we will have to do something about it,” the minister said during a meeting with top leaders of the three main garment manufacturers...
New greenhouse gas discovered
Scientists in Canada has announced the discovery of a greenhouse gas with unprecedented potential to warm the Earth, and said the chemical has been lurking in the atmosphere for decades.
The substance -- perfluorotributylamine (PFTBA) -- "is the most radiatively efficient chemical found to date, breaking all other chemical records for its potential to impact climate," scientists at the University of Toronto said in a statement on Tuesday.
The man-made chemical has been used in electrical equipment since the mid-20th century, and currently is used for electronic testing and as a heat transfer agent.
Car trading eyes lucrative Bangladesh market
The car trading scenario in Bangladesh has grown and evolved, and has reached a point where everything from small to luxury cars are no longer novel ideas to its people. The country has seen an emergence of businesses and lifestyles in recent years and so does here in using luxury cars.
‘We are no longer stuck in the days when modern technology and the trends followed worldwide were foreign concepts to us, reaching us months or even years too late’, says a buyer while making his choice in buying a new car. [caption id="attachment_1689" align="alignleft" width="300"]
Poultry Industry demands loan rescheduling, interest exemption
The poultry industry of the country has demanded the rescheduling of bank loans, exemption of bank interest and financial incentives to recover losses due to ongoing hartal and blocked.
The leaders of the poultry industry said, the sector has suffered a loss of more than Tk 4,000 crore in the last three months due to political instability.
This was disclosed at a press conference on Wednesday organized by Bangladesh Poultry Industries Coordination Committee (BPICC), a body of six major poultry associations, at National Press Club in th...
This was disclosed at a press conference on Wednesday organized by Bangladesh Poultry Industries Coordination Committee (BPICC), a body of six major poultry associations, at National Press Club in th...
UN emissary urges both parties to continue dialogue
UN Assistant Secretary General Oscar Fernández Taranco urged both the ruling and opposition camps in Bangladesh to continue the dialogue in the spirit of goodwill and compromise.
“Bangladesh leaders must continue to come together. I encourage both sides to continue the dialogue in the spirit of goodwill and compromise,” he said.
The UN envoy for Political Affairs made the call while addressing a crowded press conference before wrapping up his six-day hectic tour of Bangladesh on Wednesday to help its bickering political parties reach a...
The UN envoy for Political Affairs made the call while addressing a crowded press conference before wrapping up his six-day hectic tour of Bangladesh on Wednesday to help its bickering political parties reach a...
