Japan provides $1.063b for budget support, railways upgrade

Japan agrees to lend Bangladesh US$1.063 billion mainly for bankrolling budget and railway upgrade, summit talks in Tokyo Friday yielded several accords of cooperation in various fields.Of the total amount, as agreed, $418 million will come as a budget-support credit, $641 million for upgrading the Joydevpur-Ishwardi section into a dual-gauge...

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BB rules out merger of National Bank with Islamic banks

Bangladesh Bank has said there is no possibility of the conventional National Bank merging with Islamic Shariah-based banks, shrugging off recent media reports suggesting otherwise, reports bdnews24.com.On Friday, central bank spokesperson Arief Hossain Khan said some newspapers had reported, quoting the governor, that six weak banks would be merged under...

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Territorial integrity will be at stake if polls not held by December

BNP Standing Committee Member Mirza Abbas on Friday warned that the country's territorial integrity would be at risk if the national election is not held by December this year.Mr Abbas voiced the warning in reply to the comment Chief Adviser Muhammad Yunus made at the Nikkei Forum in Japan on...

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Rising lending rates strangle SMEs

Mohammad Rasel, who owns a handicraft production unit in the Mirzapur upazila of Tangail district, secured a bank loan amounting to Tk 0.4 million from the local branch of a commercial bank in January this year with the hope of changing his fortune further by expanding his business. But his...

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Buildings to eat up highest 16.10pc funds in ADP

Constructing residential and non-residential buildings alone costs 16.10 per cent of the funds in the upcoming development budget as the interim government has made the highest allocation for this purpose, insiders said Friday.Such penchant for buildings is evident from a project proposed in advance for the next fiscal year. Construction...

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Prayer Timings (2025-05-31)

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