Forex floats on market in safe landing under surveillance
Country's forex market did not witness any unbecoming development on Thursday following the introduction of market-based Taka- Dollar exchange rate, as the regulator watched with adequate intervention bucks, officials and market players said.It gives a sign of stability on the foreign-exchange market mainly because of higher supply but lower demand...
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Regulator ready with enough greenbacks to forestall taka slide
Bangladesh Bank is armed with adequate bucks to intervene if the local currency depreciates deeply following the introduction of market-driven foreign-exchange regime, one of major financial-sector reform undertakings. Deputy Governor of the central bank Dr Habibur Rahman explained Thursday the switch from managed-to-monitored dollar-taka exchange rate, launched on the day...
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Duty-free trade facilities for BD in post-graduation era signalled
Japan is intent on step up engagement with Bangladesh under the heretofore-dormant Bay of Bengal Industrial Growth Belt (Big-B) initiative and also signals continued duty-free trade facilities even after Bangladesh's LDC graduation. The desires of the host were expressed during the 6th round of Foreign Office Consultations (FOC) with Bangladesh,...
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Fast tracks, slow payback
Dhaka’s metro rail is operating at a daily loss of nearly 47 per cent, raising concerns about the long-term financial sustainability of the capital's high-profile mass-transit project, according to officials at Dhaka Mass Transit Company Limited (DMTCL).The state-owned operator reports the average daily ticket sales amount to Tk 6.68 million,...
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BD moves to renegotiate power tariffs with plant owners
Bangladesh has initiated the move to re-negotiate tariffs with the power-plant owners to reduce "excessive" tariffs or "additional" costs as inscribed in the power-purchase agreements (PPAs) inked during the previous Awami League government.State-run Bangladesh Power Development Board (BPDB) has picked the 718MW JERA Meghnaghat plant as the first one to...
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Prayer Timings (2025-05-16)
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