Banks begin lowering both deposit, lending rates

A downturn in gains from investment in government securities prompts banks to begin lowering deposit and lending rates both with their attention now switched to private-sector lending, sources say. According to bankers and money-market analysts, initially, the commercial lenders are cutting down rates on deposit and advances for corporate entities...

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Uphold law, monitor mkts, Dr Yunus tells DCs

Chief Adviser Prof Muhammad Yunus on Monday urged Deputy Commissioners (DCs) to strictly uphold law and order and protect the rights of all people, including minorities, and strengthen market monitoring across the country to keep prices stable and give people comfort, reports UNB.While inaugurating the three-day DCs Conference at Shapla...

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Gold import not affordable now

Luxury loses priority for now as the government is unable to facilitate gold import presently for foreign-currency crunch as import essentials like rice, fuels and so weighs on uncomfortable level of reserves. Chairman of the National Board of Revenue (NBR) Md Abdur Rahman Khan Sunday unveiled such priority reset as...

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US company wants undoing of PPA termination

Five years after the power-purchase agreement (PPA) was terminated, SunEdison USA has sought permission to build a 200-megawatt solar power plant in seaside Cox's Bazar. After the regime change in Bangladesh the Missouri-based renewable energy giant, which wanted to invest US$200 million in the stalled project, has submitted an appeal...

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Dhaka, Delhi recognise importance of working together

Bangladesh and India on Sunday recognised the challenges the two neighbours are facing in terms of bilateral relations and discussed the necessity to work together to address those, reports UNB .On the sidelines of the 8th Indian Ocean Conference (IOC), Foreign Affairs Adviser Md Touhid Hossain met his Indian counterpart...

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Prayer Timings (2025-02-17)

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