Local currency near-competitive with dollar in foreign trade
A price correction in March brings the Bangladesh currency to a more competitive level in foreign trade, after having stayed significantly overvalued against the US dollar in January and February.The real effective exchange rate (REER) index dropped to 101.90 in March 2025, implying that the taka is now overvalued just...
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Commerical banks boast upswing in forex holdings despite big outgoings
Commercial banks boast an upswing in their foreign-exchange holdings despite rises in import orders and settlements mainly as record remittance inflows coupled with steady export-receipt growth help out, sources said.Economists also see some curbs on leaks of foreign exchange through illegitimate transfers through hundi and trade-based money laundering as a...
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Structural, policy flaws clip pvt airlines' wings
Notwithstanding some infrastructural development in Bangladesh's aviation sector over the decades, local airlines have been struggling to achieve sustainability for reasons that include policy flaws and cost escalation. Officials say at least eight airlines that entered the market have been shut down in the last two decades. There are also...
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India rejects BD's remarks on West Bengal incidents as 'unwarranted'
India has rejected the remarks made by the Bangladesh side in regard to the incidents in West Bengal and encouraged Bangladesh to focus on protecting the rights of its own minorities, reports UNB."We reject the remarks made by the Bangladesh side with regard to the incidents in West Bengal," said...
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To make a living, members of a family on two boats collect plastic bottles
To make a living, members of a family on two boats collect plastic bottles discarded into the Buriganga River by launch passengers, a livelihood that also plays a small but meaningful role in containing river pollution. The photo was taken in Sadarghat terminal area in the capital on Friday. —...
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Prayer Timings (2025-04-19)
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