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Private Credit Growth Drops To Record Low, Near Term Recovery Unlikely

Credit growth edged down from 6.1% in December, continuing a sharp decline from 10.13% recorded in July 2024. Infographic: TBS Infographic: TBS The country’s private sector credit growth fell to a historic low of 6.03% in February, driven by prolonged political instability and a high interest rate regime. Bankers and business leaders say that due…

Sammilito Islamic Bank Depositors Can Withdraw Up To Tk10 Lakh For Medical Treatment: BB

Bangladesh Bank has said that customers of Sammilito Islamic Bank can withdraw up to Tk10 lakh for medical treatment in special cases, as depositors continue to face difficulties accessing their funds. The information was provided by Bangladesh Bank Assistant Spokesperson Shahriar Siddiqui during an emergency press briefing this morning (7 April). He said customers suffering…

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Industrial raw material prices soar on Mideast war

Highlights: Industrial production in Bangladesh is facing a severe cost-push crisis as the Middle East war drives up global fuel prices, shipping tariffs, and raw material costs.  A prolonged conflict could further drive up input costs, inevitably trickling down to consumers through higher commodity prices, warn industry leaders. ####  Keep updated, follow The Business Standard’s…

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Middle East ceasefire brings partial normalcy to Ctg airport, flight disruptions persist

International flight operations at Shah Amanat International Airport have begun to regain some stability following the recent ceasefire in the Middle East, though disruptions have yet to fully ease, airport officials said. Over the past two days, 10 and 11 April, a total of 10 international flights were cancelled as lingering uncertainty in the region…