BB reneges on printed money circulation moratorium
Six cash-hungry banks have been fed with Tk 225 billion in a regulatory somersault over a moratorium on printed-money circulation, in a last resort for banking rescue, the central bank disclosed Thursday. Bangladesh Bank (BB) Governor Dr Ahsan H. Mansur said he "temporarily backtracks" on his stance halting 'high-powered money'...
Read more
Economy gradually overcoming local-global headwinds
Bangladesh's economy is gradually overcoming local and global headwinds with foreign-exchange reserves and export-import trade showing signs of a rebound, says a leading trade body. Drawing a mixed picture of the latest situation on the economic front in its quarterly economic review for July-September period of fiscal year 2024-25, the...
Read more
State of economy more alarming than perceived: Debapriya
Bangladesh economy is left in a state even more alarming than the "dangerous economic situation" perceived by the masses because of corruption and looting during the last regime, says Dr Debapriya Bhattacharya.The CPD Distinguished Fellow and head of the committee on preparation of White Paper on the economy urges formulating...
Read more
External debt servicing hits record $1.44b in Q1
Bangladesh's debt servicing for external loans has hit a record high of $1.44 billion in the first four months, nearly 5.5 times higher than the foreign aid commitment by development partners, official data showed on Thursday.The foreign debt servicing against the outstanding medium- to long-term loans is even higher than...
Read more
ANXIOUS WAIT:
An elderly woman in a long queue of her likes looks anxiously to guess her position in the line before buying low-price commodities from an OMS (open-market sale) truck in the capital's Jatrabari area on Thursday. — FE Photo by Shafiqul Alam
Read more
ISKCON ban not on govt agenda, say advisers
Apparently brushing aside the idea of banning ISKCON, a pro-Hindu religious platform, two advisers of the government on Thursday said there were no discussions inside the government to ban the organisation."There may be demand for it but we think an organisation should not take responsibility of the misdeeds of an...
Read more
Prayer Timings (2024-11-29)
Read more