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Inflation erodes yields for savers

Savers are losing out as high inflation makes inroads on yields from the savings instruments this section of people have invested in as their last resort, sources say.These individuals, who rely on savings to supplement their income, are finding it significantly harder to go along with the Consumer Price Index...

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Flooding hits millions in Sylhet

SYLHET, May 20 (UNB): The overall flood situation in Sylhet district has not improved, despite eight days having passed since flash floods hit this region.The Surma and Kushiarar rivers continue to flow above the danger level due to the onrush of hilly waters from India as 2,200 mm of rainfall...

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July-April pharma export soars 27pc

The country's export earning from pharmaceutical sector has marked a significant rise in the recent years following its growing capacity and access to new destinations. Local pharmaceutical companies brought in US$163.83 million in July-April period of the current fiscal year (FY), 2021-22, which was nearly 27 per cent higher than...

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Large loans, sovereign guarantee big barriers

Planned foreign investment in Bangladesh's state-owned sugar mills to run under joint management hits twin barriers, officials say, while the sweetener's price climbs unreachable highs. Long-outstanding large loans from state banks and the requirement of sovereign guarantee are considered as the two big barriers the intending foreign investors face. The...

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TIB bats for formation of advisory committee

The Transparency International Bangladesh suggests formation of an independent economic strategy advisory committee to find ways to address the potential fallout from an unfolding global economic crisis.The panel will also advise the government authorities concerned to help continue the commendable economic performance achieved so far, it says.The call comes against...

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Prayer Timings (2022-05-21)

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Briefing 21-05-2022

BD Paints QIO opens tomorrowThe Qualified investor offer (QIO) of Bangladesh Paints Ltd. shares will open for subscription tomorrow (Sunday), aiming to raise Tk 120 million under fixed-price method. The paint manufacturer's share subscription through electronic subscription system (ESS) of the exchanges will close at 5:30pm on May 26, according...

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