Tag Archives: reform

MNA Business Desk: Speakers at a roundtable have urged the government to take swift measures to reform the banking sector and set up a dedicated commission to this end. Noted economist Prof Dr Mainul Islam presented the keynote paper at the programme arranged by Shushashoner Jonno Nagorik at the Jatiya Press Club on Saturday. “Finance Minister AHM Mustafa Kamal said he won’t give a single taka loan to defaulters. He applied a trick to simplify the process of writing-off bad debt. Various banks are now able to increase write-offs using this relaxed method,” he said. Writing-off more bad debts will ...

MNA International Desk: Malaysia will review its labour laws to cut an ‘over-dependence’ on foreign labour and address other issues, its prime minister has said. The country’s Prime Minister Mahathir Mohamad has taken the decision amid simmering discontent against overseas workers who make up 46 per cent of the labour force of the country. The third biggest economy of the Southeast Asia had a labour force of 15.5 million in the first quarter of the year, reports Reuters. More than 7.0 million of them were foreigners, from countries such as Bangladesh, with many working in the construction and hotel industries. ...

MNA Business Desk: The United States is pushing for regular reviews of China’s progress on pledged trade reforms as a condition for a trade deal – and could again resort to tariffs if it deems Beijing has violated the agreement, according to sources briefed on negotiations to end the trade war between the two nations. A continuing threat of tariffs hanging over commerce between the world’s two largest economies would mean a deal would not end the risk of investing in businesses or assets that have been impacted by the trade war. “The threat of tariffs is not going away, ...