Major industrial groups seek Tk 165.5b bailout funds

Dhaka, Jan. 10 -- Constrained by stated severe liquidity crunch in the country's industrial sector, eleven conglomerates seek some Tk 165.5 billion in interest-free loans from the government to sustai... Read More

Bangladesh Bank moves to speed up settlement of Tk 750.52 billion audit backlogs

Dhaka, Jan. 9 -- The central bank has initiated a move to fast-track the settlement of long-standing audit backlogs involving more than Tk 750.52 billion, sources said. Such long-standing fund impass... Read More

Gas crunch hits fertiliser output

Dhaka, Jan. 7 -- The state-run BCIC has sought an uninterrupted supply of at least 197 million cubic feet of gas per day (MMCFD) to keep four urea fertiliser factories operational for 11 consecutive m... Read More

Govt issues Tk 5.8b state guarantees in favour of TCB to help procure essentials

Dhaka, Dec. 18 -- The government has issued three state guarantees totalling Tk 5.80 billion in favour of Sonali Bank to facilitate the procurement of essential commodities by the Trading Corporation ... Read More

Levying fees on state guarantees against risk-laden loans likely

Dhaka, Dec. 14 -- A government move gets underway for revising the fee structure for state guarantees against both foreign and domestic loans to introduce a risk-based pricing mechanism to reduce fisc... Read More

Govt's no to 20pc power bill rebate facility for fish, livestock and poultry farms

Dhaka, Dec. 12 -- The government has decided not to include fisheries, hatcheries, livestock and poultry farms in its existing 20 per cent electricity bill rebate scheme, despite recognising their ris... Read More

State-run sugar mills face crisis as BSFIC fails to secure funds for farmers

Dhaka, Dec. 10 -- The financial stability of eight state-run sugar mills is under threat as the Bangladesh Sugar and Food Industries Corporation (BSFIC) struggles to secure adequate funds to pay sugar... Read More

BTB asks customs not to allow any tea import consignment

Dhaka, Dec. 6 -- The Bangladesh Tea Board (BTB) has requested the customs authorities not to allow any tea import consignments without prior approval from the regulator, sources said The move comes a... Read More

Govt lends Tk 10b to troubled ICB to invest in stocks

Dhaka, Nov. 25 -- The Investment Corporation of Bangladesh (ICB) gets a Tk10-billion in interest-bearing government loan to invest in stocks to resuscitate bearish bourses of the country, sources say.... Read More

Refiners seek sharp hike in edible oil prices

Dhaka, Nov. 24 -- Edible-oil refiners have proposed increasing the prices of soybean and palm oils by Tk 10 and Tk 19 per litre respectively, citing rising import costs and international market volati... Read More

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