After cloudy day, light rain surprises city
There was little sun in Dhaka on Saturday, with darkening clouds obscuring the sky. Then, just as the morning ticked over into the afternoon, light showers began to fall in several parts of the capital, reports bdnews24.com.The sudden rain caused some inconvenience for roadside traders and those who work outside....
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Fresh project on stalled refinery moves, at a cost
A Tk 364.1-billion fresh project now moves for establishing a stalled second petroleum-refining unit at the Eastern Refinery Limited (ERL), ditching detractors' subtle bids for handover of the fuel business to vested quarters, sources said. The Energy and Mineral Resources Division (EMRD) has submitted Preliminary Development Project Proposal (PDPP) to...
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DMTCL seeks one-third of cost for less important, allied works
Dhaka metro rail company has sought more than one-third of the proposed MRT-5 South line project cost for the less important and associated works, causing the Planning Commission (PC) officials to raise their eyebrows. Of the Tk447.21 billion costs estimated for the Gabtoli-Dasherkandi project, the Dhaka Mass Transit Company Limited...
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Taka stays overvalued, undercuts country’s trade competitiveness
Bangladesh's currency remains overvalued and impacts adversely the country's trade competitiveness with international trading partners, according to official statistics.According to a Bangladesh Bank's latest report, the Bangladesh Taka is overvalued by more than 3.0 per cent or Tk 3.67.The central bank of Bangladesh calculates the Real Effective Exchange Rate (REER)...
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