BB chief dispels fear of 'meltdown'

No chances of meltdown in the banking industry are there as the central bank takes remedial package measures to stabilise the distressed commercial banks, the Bangladesh Bank governor said Monday to dispel doubts. Dr Ahsan H Mansur admits there are some banks reeling from serious liquidity crunch following massive-scale loan-related...

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COP29 begins in Baku with push for pact

The 29th conference of parties (COP29) of the United Nations Framework Convention on Climate Change began in Baku, Azerbaijan, on Monday amid calls for an agreement right from the start."Now, it's the time to show that global cooperation is not down for the count. So, I urge you all, let...

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Foreign aid bankrolling dev budget faces cuts

Foreign funds allocated for bankrolling Bangladesh's development budget may be slashed as the interim government considers the trimming for public agencies failure to implement the aided projects in time, officials said.The post-uprising reformist government will also estimate the necessary project-aid requirements in the national budgets for the next two consecutive...

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SC stays Khaleda's 10-year jail sentence

The Appellate Division of the Supreme Court has stayed the High Court verdict that doubled the 5-year prison sentence of BNP Chairperson Begum Khaleda Zia to 10 years in Zia Orphanage Trust case.At the same time, the apex court also allowed Khaleda Zia to move an appeal before the court...

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Lend funds to cash-hungry banks

An affluent group of 17 scheduled banks receives instructions from the central bank for urgently extending liquidity support to cash-hungry banks for ensuring stability in the country's banking system. Also, a set of other dos was spelt out at a meeting of the Bangladesh Bank with the top brass of...

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Prayer Timings (2024-11-12)

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