Banks banking on treasuries, retail lending
Dynamics of Bangladesh money market changes amid plummeting demand for formal credits due to persisting economic sluggishness, making banks look for alternatives like treasuries and retail lending, sources said. Bankers and money-market analysts have said as the investment opportunities keep squeezing following the changeover through the July-August mass uprising, commercial...
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Farm exports this FY promise billion-dollar earnings again
Bangladesh's agricultural-product export in the first half of this fiscal rebounded and showed hope of crossing a billion-dollar turnover in the terminal months of the year, insiders said Friday.After a falling trend over the last couple of years, the shipment of the country's homegrown agricultural produce showed a stunning performance...
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Special bonds dictate government's FY24 domestic borrowing
Special bonds, issued to pay mainly fertiliser importers, formed the bulk portion of the government's domestic borrowing in FY24, according to official documents.The government issued long-term fixed-income instruments - referred to as special bonds - and banks purchased those to release funds to fertiliser importers and power producers. These bonds,...
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Temp drops to season’s low at 7.3C in Tentulia
The temperature has dropped to 7.3 degrees Celsius in Panchagarh's Tentulia, the lowest temperature recorded in Bangladesh this winter. This means the district, located in northern Bangladesh and near the Himalayan foothills, is experiencing a moderate cold wave.When the minimum temperature drops below 6 degrees Celsius over a significant area...
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Air tankers fight Los Angeles fires from frantic skies
CALABASAS, United States, Jan 10 (AFP): In the skies above Los Angeles, air tankers and helicopters silhouetted by the setting California sun dart in and out of giant wildfire plumes, dropping much-needed flame retardant and precious water onto the angry fires below.Looking in almost any direction from a chopper above...
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Prayer Timings (2025-01-11)
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