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Gas crunch poised to ease with FSRU operation

Gas supply across Bangladesh may increase next week as another private-sector floating LNG-regasification unit looks all but ready to resume operation after an overhaul, sources say about a respite from fuel crunch. Summit LNG Terminal Co Ltd, a subsidiary of Summit Group, is expected to resume liquefied natural gas (LNG)...

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Depositors won't lose out, staffers stay after merger

Depositors won't lose out and staff members will retain their jobs as the crisis-stricken Padma Bank merges with Exim Bank through a deal signed Monday, the host assures.But the directors of the defunct bank all get their marching orders from the board, said the Exim Bank chairman after the deal...

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BMI forecasts steady growth in BD this fiscal

Fitch Solutions Company BMI predicts that the economic growth in Bangladesh is likely to remain steady in the current fiscal."We hold our short-term forecast for economic growth in Bangladesh steady, as we expect the country's real GDP to grow by 5.4 per cent y-o-y in FY2023/24," it says.The BMI in...

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Tanzid, Rishad steer BD to win ODI series against Lanka

CHITTAGONG, Mar 18 (AFP): Rishad Hossain played an attacking innings of 48 after substitute Tanzid Hasan Tamim hit 84 off 81 balls Monday, steering Bangladesh into a four-wicket win and a 2-1 ODI series victory over Sri Lanka.Set a modest target after Janith Liyanage's unbeaten 101 guided Sri Lanka to...

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Domestic onion glut sinks prices, curbs India imports

Traders have lost interest in importing onions from neighbouring India due to a recent dramatic fall in domestic prices of the kitchen staple. The price fall in the local market coincides with the harvest season beginning across the country's onion-growing hubs such as Pabna and Faridpur.Farm-level prices to district wholesale...

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MV Abdullah owner for peaceful rescue of seamen

CHATTOGRAM, Mar 18: Law enforcers from various corners were reportedly trying to take action against the Somalian pirates to rescue the abducted seamen of Bangladeshi flag carrier-ship MV Abdullah.However, SR Shipping, a concern of KSRM Group and the owner of the MV Abdullah, was trying to contact the pirates for...

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Briefing 2024-03-19

Regulator steps in to dissuade Sea Pearl, ICB from legal fightYears of non-payment by Sea Pearl Beach Resort & Spa to the state-run Investment Corporation of Bangladesh (ICB) against bonds worth Tk 3.25 billion has led to a legal tussle between the parties. To help recover the money, the securities...

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