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IFAD prioritises BD investment

Reehana Rifat Raza, the Regional Director of the Asia and Pacific Division at the International Fund for Agricultural Development (IFAD) has said IFAD prioritises investment in Bangladesh, reports UNB.She mentioned areas of cooperation such as climate change, youth, gender, food security and nutrition in its current and future development goals,...

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Sri Lanka fuel shortage set to ease

COLOMBO, May 20 (Reuters): Sri Lanka's central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages, its governor said on Thursday, but police fired tear gas and water canon to push back student protesters.Most of Sri Lanka's petrol stations have run...

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Inflation crimps Indian firms as rural millions cut spending

Surging inflation is forcing many poor Indians to rein in spending, threatening a slowdown for companies such as Godrej Appliances which saw bumper sales as recently as March and April after a brutal heatwave spiked demand for its cooling products, reports reuters.The Ukraine crisis and global supply chain disruptions have...

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BBS reports fall in April food inflation amid price hikes during Ramadan

The Bangladesh Bureau of Statistics has reported a fall in food inflation in April, despite a hike in prices caused by the heightened demand in Ramadan and a global shortage due to the Ukraine-Russia war, reports bdnews24.com.General inflation, however, increased to 6.29 percent, the highest in one and a half...

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Pak current account deficit narrows 39pc

Pakistan's current account deficit - the gap between foreign expenditures and income - narrowed 39% month-on-month to $623 million in April on the back of historic high workers' remittances and a reduction in the import bill, reports The Express Tribune."Current account deficit shrank to $623 million in April 2022; only...

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Singapore to help BD build e-commerce ecosystem

Singapore has assured Bangladesh of extending its utmost cooperation to build an ecosystem for the development of the e-commerce sector, reports UNB. The Ministry of Trade and Industry of Singapore gave the assurance while a Bangladesh delegation led by State Minister for ICT Zunaid Ahmed Palak sat in a meeting...

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