Call money rate holds steady before Eid as banks tap BB support
On the eve of the long Eid-ul-Azha holiday, Bangladesh's inter-bank call-money market showed signs of stability, with banks successfully managing their liquidity needs, thanks in part to timely support from the central bank.The weighted average rate (WAR) of call money inched up to 10.44 per cent on Wednesday, the last...
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FICCI fears extra tax burden on individuals and businesses
The Foreign Investors' Chamber of Commerce and Industry (FICCI) has expressed its mixed reactions on the proposed national budget for fiscal year (FY) 2025-26.It hailed the government for its intentions towards reforms and fiscal consolidation in the proposed budget that was presented by the Finance Adviser Dr. Salehuddin Ahmed on...
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Few measures may raise business costs, deter investment: ICAB
Chartered accountants on Wednesday raised concerns that several proposed fiscal measures in the FY26 budget may lead to higher costs for businesses and reduced private-sector investment, especially amid the ongoing economic uncertainties.At a press conference held at its office in the capital, the Institute of Chartered Accountants of Bangladesh (ICAB)...
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Conventional, devoid of parties, people's opinions: BNP
Calling the interim government's maiden budget conventional, the BNP on Wednesday said the proposed budget for the 2025-26 fiscal year was placed without the opinions of political parties and the people.BNP Standing Committee member Amir Khasru Mahmud Chowdhury said this at a post-budget press conference at the party chairperson's Gulshan...
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Mujibnagar govt leaders were FFs: Adviser
Reports indicating that the interim government had revoked the "freedom fighter" status of Bangabandhu Sheikh Mujibur Rahman, the four national leaders, and other members of the administration that coordinated the 1971 war effort, popularly known as Mujibnagar government, are wide of the mark, according to Liberation War Affairs Advisor Faruk...
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Trains, buses, launches packed with homebound travellers
As Eid-ul-Azha approaches, a familiar rhythm has returned to the capital - trains humming out of the city, buses packed to the brim, and launches leaving Dhaka's shores under a dusky sky. On Wednesday, thousands of people began their long-awaited journey home to spend the festival with loved ones, bringing...
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Ex-Nagad MD Tanvir sued
The Anti-Corruption Commission (ACC) has prosecuted former Nagad managing director Tanvir Ahmed Mishuk and eight other top officials for allegedly embezzling Tk 6.45 billion over a period of nearly four years, reports bdnews24.com.
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Saudis use AI, drones, cameras to keep hajj pilgrims safe
MECCA, , June 4 (AFP): Working day and night in front of maps, screens and seemingly endless data, Saudi officials have harnessed artificial intelligence to help manage the million-strong sea of pilgrims during the hajj.The technology has proven pivotal to track the overwhelming amount of footage from more than 15,000...
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