Corporate foreign borrowing falls amid business slowdown

Corporate borrowing from external lenders to meet their needs squeezes significantly with the stock of short-term overseas debts having dropped to $11.19 billion as of last August, as entrepreneurs make a pause in business expansion.Officials and money-market analysts say such continuous decline in private-sector foreign debt, despite interest rates on...

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Gas supply likely to rise this week

Countrywide gas supply is set to increase from this week as Bangladesh started importing liquefied natural gas (LNG) on Thursday after a hiatus of more than three months, according to a senior Petrobangla official."Gunvor Singapore Pte Ltd started delivering its spot LNG cargo on Thursday and re-gasification of the LNG...

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WB projects lower growth, higher inflation for Bangladesh in FY'25

Bangladesh's economy faces downgrades for the past political upheaval that prompts the World Bank to lower its growth forecast to 4.0 per cent for the current fiscal year, but sees a silver lining on the horizons. The global development financier has downgraded Bangladesh's growth forecast by 0.4-percentage points from its...

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Indian business titan Ratan Tata passes away

MUMBAI, Oct 10 (AFP): Indian industrialist Ratan Tata, who is credited with transforming the Tata Group into a globally renowned conglomerate, has died at age 86, the company said late Wednesday.Under Tata, the company grew into a sprawling international enterprise with a portfolio ranging from software to sports cars."It is...

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Rain, running out summer crops raise veg prices

Heavy rain and end of summer crops have caused a sharp rise in vegetable prices in the capital over the past week.In addition to these natural factors, many city wholesalers are manipulating the market due to a lack of proper monitoring, according to market observers.Brinjal is retailing at Tk 120-180...

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Prayer Timings (2024-10-11)

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Briefing 2024-10-11

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