Banks’ excess liquidity shrinks as cheaper credits fare well
The overall excess liquidity with the commercial banks fell substantially in November this year mainly due to higher credit growth, particularly in the private sector.Officials said the central bank also sold significant amount of US dollar in the recent months, contributing to help the commercial banks reduce their liquidity.The excess...
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Applications seeking IDRA clearance on the rise
A number of fresh applications from big infrastructures projects were submitted to the insurance regulator, seeking its approval for insuring with foreign insurers which, industry insiders say, is a clear violation of the existing act.People familiar with the development told the FE that such two applications seeking 'no objection certificate...
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Smuggled gold haul up fivefold in a year
Gold haul on Bangladesh frontiers has increased over fivefold in a year, leading the watchers to believe that the glitter of the precious metal covers an increased trend in money laundering.Customs intelligence seized some 623 kilograms (kg) of gold worth Tk 3.04 billion in the fiscal year (FY) 2016-17 against...
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PM to open first 6-lane flyover at Mohipal Jan 04
FENI, Dec 25 (UNB): Prime Minister Sheikh Hasina will inaugurate the country's first six-lane flyover at Mohipal here on January 04 to ensure smooth traffic on Dhaka-Chittagong Highway.Road Transport and Bridges Minister Obaidul Quader came up with the disclosure after visiting the spot on Monday morning."The first six-lane flyover of...
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BD backpedals on mobile internet while neighbours advance fast
While the world mobile-download speed increased over 30 per cent in 2017, Bangladesh backpedaled more than 7 per cent to stand ahead of only two war-torn countries, reveals a survey.Pakistan, meanwhile, has seen its mobile-download speed shoot up by 56.2 per cent during the same period, while In India, it...
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News Watch (26-12-2017)
BGB sets free BSF troopers Three troopers of BSF, held for trespassing into Bangladesh, were sent back Monday. Early in the day, the Border Guard Bangladesh (BGB) members in Rajshahi's Paba Upazila detained Sub-Inspector Ramnath Singh and Constables Rakesh Kumar and Santosh Kumar. They were sent back around 1am after...
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Prayer Timings-26-12-2017
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An insect flies towards a flower for procuring nectar
An insect flies towards a flower for procuring nectar at a winter vegetable field in Keraniganj off the capital on Monday. — FE Photo by Shafiqul Alam
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