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BB plans tougher steps as bad loan recovery elusive

The Bangladesh Bank has intensified efforts to contain the country’s mounting default loan crisis through a series of regulatory, legal and policy measures, but economic weakness, lengthy legal processes and poor recovery rates continue to pose major obstacles to meaningful improvement...

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Editor’s note

AS THE entire Bangladesh is keenly waiting for the post-mass uprising political and constitutional reforms and, obviously, electoral transition to democratic governance, the thinking sections of the people are having a lot of private and public discussions over theoretical aspects of various proposals put forward by different political and legal authorities. The high-level...

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Summer power demand to test newly elected govt: Prof Tamim

Professor M Tamim, vice-chancellor of the Independent University, Bangladesh, said the 18-month-long interim government had managed to make a clear difference from its ousted predecessor, the Awami League, by repealing the Quick Enhancement of Electricity and Energy Supply (Special Provisions) Act, 2010.Often called the Speedy Power Act, it had been misused for much of the one-and-a-half-decade rule of the AL, he said.He also noted that the act had been necessary during the early years of the AL’s first tenure between 2010 and 2014 to produce emergency power and address shortages left over mainly by the Bangladesh Nationalist Party-led government between 2002 and 2006.Assuming power after a landslide win in the 2009 parliamentary election, the AL-led government enacted the Speedy Power Act and continued to approve rental power plants introduced by the military-backed interim government. https://bizmagazine.newagebd.net/post/power-energy/2319/summer-power-demand-to-test-new-govt-prof-tamim

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