Fitch forecasts macroeconomic pickup if reforms run

Global credit-rating agency Fitch forecasts macroeconomic pickup in Bangladesh from the political transition-time setback, provided that the reforms spearheaded by the interim government sail through. On the downside of the current situation, Fitch Ratings in its latest report notes that Bangladesh's political transition in August 2024 has heightened economic policy...

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President's remark irks interim govt

President Shahabuddin's remark that there is no documentary evidence of deposed Prime Minister Sheikh Hasina's resignation triggered tempests in the interim administration and social media, calling in question his presidency. Law Adviser of the post-uprising interim government Prof Asif Nazrul and other legal experts termed the President's speech "self-contradictory" and...

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Ten public banks get new MDs to promote changes

The government Monday appointed new managing directors (MDs) and chief executive officers (CEOs) to ten public banks, officials said, amid sweeping changes in the post-uprising interim period.The Financial Institutions Division (FID) of the Ministry of Finance appointed four MDs through departmental promotion while sending names of six bankers to the...

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$1.53b remittance in 19 days of Oct

Expatriates sent nearly $1.53 billion in remittances to Bangladesh during the first 19 days of October in fiscal year FY 2024-25, according to Bangladesh Bank (BB) data released on Monday.On average, daily remittances amounted to $80.70 million during this period. In comparison, remittances in the first 19 days of September...

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Prayer Timings (2024-10-22)

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