RMG value addition wanes, yet to rise to pre-pandemic level

Value-addition to Bangladesh's ready-made garments (RMG) that has been fluctuating in recent years has yet to reach the pre-pandemic level, as higher cost of raw-material imports eats into the export gains.Exporters mainly blame the rise in raw-material imports, especially that of yarn, for such subdued returns as prices of locally...

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Deposit, lending rates rise in Q4 '24 as some banks bet big

The weighted average interest rates on both deposits and advances increased in the fourth quarter (October-December) of 2024, according to a latest report of Bangladesh Bank.Bankers said some banks that are grappling with liquidity shortage offered higher rates to attract deposits, pushing the rates higherThe average deposit rate at the...

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UN ready to assist national dialogue, peace, healing, says Guterres

Visiting United Nations Secretary- General Antonio Guterres assures that the UN stands ready to assist in fostering peace, national dialog, trust and healing as Bangladesh is poised for transition after a changeover.He also expresses the UN's readiness and to be Bangladesh's steadfast partner, and to work alongside ''the government and...

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RADP sees highest block allocation

Although all of the ministries and divisions of the government collectively placed their demand for Tk 1.91 trillion to implement all of the ongoing development projects in the current fiscal year, the Planning Commission has allocated Tk 248.87 billion (13.02%) more than the requested amount in the Revised Annual Development...

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Prayer, Sehri, Iftar Timings (2025-03-16)

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