Overnight cash rates have shot up on Bangladesh's interbank money market largely for expensive dollar buy by banks and cash holdback, amidst the ongoing global crunch. Sources say the bank-to-bank lending rates have marked a steep rise by 31 per cent since last June and over 148 per cent since...
Read morePrime Minister and Awami League (AL) President Sheikh Hasina Friday said BNP can wage movements as her party believes in democracy, reports BSS."But, the BNP men who are involved in killing and terrorism, including arson attacks and militancy, would have to face the music. They will not be spared," she...
Read moreThe International Monetary Fund (IMF) says its support programme for Bangladesh will help the country replenish its foreign-currency reserves and enhance the capacity to deal with economic downturn feared ahead.While launching its 'Regional Economic Outlook Report for Asia and the Pacific' in Singapore Friday, the IMF officials said the war...
Read moreA Jamuna River-based economic corridor meant for boosting Bangladesh's economy seems in the offing as the World Bank (WB) agrees to assist the country in implementing the project, which has regional dimensions. Economic Relations Division (ERD) officials said Friday the WB would help Bangladesh improve the Jamuna-river communications system aimed...
Read moreStocks fall as investor sentiment dipsStocks ended the outgoing week in the red, extending the losing streak to a third week, as the investors continued selloffs on sector-specific shares amid the ongoing earnings season. Of the five trading days during this week, the first two sessions suffered losses while the...
Read moreTwo youths collecting used plastic bottles thrown into Buriganga river by launch passengers to sell them to recycling facilities in order to earn a living. Such a practice also helps keep plastic pollution out of the river. The photo was taken from Sadarghat launch terminal area in Dhaka city recently...
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