Business

PLFS up for liquidation

General shareholders risk to lose their entire investment Holiday ReportThe first ever liquidation of a financial institution in up in the country’s history. The government has decided to dismantle People’s Leasing and Financial Service (PLFS) since it been insolvent for quite some times with over 60 percent of the loan portfolio non-performing. The finance ministry […]

Business

BB to allow $10,000 for travelling abroad on medical ground

Holiday Report Bangladesh Bank (BB) now allows releasing US$10,000 or equivalent through authorized dealers for travelling abroad on health grounds by Bangladeshi nationals against documentary medical evidences. “Such facility may also be usable through international cards (prepaid or debit or credit), subject to adhere to applicable instructions,” according to a BB circular issued on Tuesday. […]