Embezzlement of Tk 1.9b from Rupali Bank in the name of fish export – Prothom Alo

These three companies exporting frozen fish are old customers of Shams Building Corporate Branch of Rupali Banks. Among them, Priyam Fish Export Limited also won the National Fisheries Award. As a result, the bank has confidence in these customers. According to sources, since these three companies were exporting firms, Rupali Bank maintained a liberal policy […]

Rupali Bank’s burden: Why the government-owned bank is struggling and what can be done to help

Rupali Bank data shows that as of June, Chattogram-based Noorjahan Group, which is involved in commodities business, topped the list of loan defaulters as four companies of the group owed the bank Tk 6.29 billion. Second-placed Benatex Industries owes Tk 3.67 billion to Rupali Bank, AA Knit Spin Ltd (Tk 2.82 billion), Virgo Media (Channel […]

Bangladesh is facing a loss of $8.22 billion in foreign exchange.

According to the latest Bangladesh Bank (BB) report, despite implementing measures to tighten imports, Bangladesh faced a net foreign exchange deficit of $8.22 billion in FY2022-23, compared to $6.65 billion in FY22. It was billion dollars. This information came out from the balance of payments of foreign exchange transactions released on Thursday. The report revealed […]

The world’s bat lands are under attack, risking seeding a new pandemic. Where is here

Governments in West Africa have laws requiring environmental impact studies before approving large development projects. But no one requires developers and local officials to consider the risk of spillover, let alone change their plans considering the potential for deadly outbreaks. A growing number of advisors are urging governments to take outbreak risk into account. The […]

IMF team found flaws in three sectors

However, the organization also pointed to some challenges. These are: persistent inflationary pressures, increased volatility of global financial conditions, and aggravation of recession in major trading partners. The visit of the IMF team, led by Rahul Anand, the head of the organisation’s Asia and Pacific region, began on 26 April. Over 12 days, the team […]