Railway's financial strain deepens
Bangladesh Railway, a popular mode of transport known for its low fares and comfort over long distances, remains mired in heavy financial losses, prompting questions about its operational efficiency, reports UNB.Railway sources said around 350 trains, including intercity, local and freight services, operate every day across the country, carrying an...
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Trilateral deal is a milestone in energy cooperation
The trilateral energy deal under which Bangladesh has started importing hydroelectricity from Nepal is a milestone, in Nepal-Bangladesh ties, said Nepalese Ambassador Ghanshyam Bhandari, on Friday.Bangladesh has started importing hydropower from Nepal through using Indian grid under a five year deal.The import will be from June 15 to November 15...
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Guardian Life claim settlements surge in Q1 of 2025
Guardian Life Insurance Limited continues to solidify its leadership in Bangladesh's insurance industry with strong performance in claim settlement and innovative distribution strategies, says a press release. In 2024, Guardian settled insurance claims worth BDT 4.39 billion (439 crore). Continuing this momentum, in the first quarter of 2025, Guardian settled...
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NCC Bank Celebrates International MSME Day
On the occasion of International MSME (Micro, Small, Medium and Cottage Industries) Day, NCC Bank organised a customer gathering recently. The event featured an awareness workshop on CMSME financing, open loan disbursements, the unveiling of the SME Visa Multi-Currency Debit Card, the launch of the "NCC Always" app for CMSME...
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BRICS to launch guarantee fund to boost investment in member nations
BRASILIA, July 4 (Reuters): The BRICS group of developing nations is set to announce a new guarantee fund backed by the New Development Bank (NDB) to lower financing costs and boost investment, two people familiar with the matter told Reuters.The initiative, modeled on the World Bank's Multilateral Investment Guarantee Agency...
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Angola opens up to tourists in a pivot from oil
CABO LEDO, Angola, July 4 (AFP) : When Feliesiano Muteca started surfing a decade ago, he had the waves at Cabo Ledo on Angola's long Atlantic coastline pretty much to himself.Now, the unspoilt and sandy beach about 125 kilometres (75 miles) south of the capital Luanda has become a prized...
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