China agrees to extend loan repayment period for BD
China has in principle agreed to extend the loan-repayment period for Bangladesh.The Chinese decision was conveyed during the bilateral meeting between Bangladesh Foreign Adviser Md Touhid Hossain and Chinese Foreign Minister Wang Yi held in Beijing on Tuesday, foreign ministry officials said.Touhid requested China to reduce the interest rate from...
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Six airline operators owe CAAB Tk 77.22b
Six operational and defunct airlines owed the Civil Aviation Authority of Bangladesh (CAAB) Tk 77.22 billion in cumulative debts until last November, risking their licence renewal. The CAAB coordination meeting held on December 18 last decided to issue reminder letters to the airlines regularly to collect the dues, according to...
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Committee constituted to renegotiate tariffs to cut state debts
A six-member expert panel to renegotiate tariff rates with the power-plant owners who bagged projects under the already-annulled special law in order to reduce power-purchase costs and state debt burdens.Around a hundred power plants were awarded to private-sector entrepreneurs under the 'controversial' Quick Enhancement of Electricity and Energy Supply (Special...
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Unveiling MPS looks cloaked in uncertainty
Announcement of the monetary policy statement (MPS) for the second half of this financial year this month remains cloaked in uncertainty probably because of unavailability of updated data on key macroeconomic indicators.As a matter of fact, Wednesday's board meeting of the central bank was supposed to approve the drafted MPS,...
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