The government plans to almost double power subsidies in the revised budget for FY 25 by diverting funds from its development part, finance ministry officials say.They say electricity subsidy allocations will be increased to around Tk 650 billion, up from Tk 360 billion earmarked in the original budget.Nearly Tk 300...
Read moreThe Kingdom of Saudi Arabia (KSA) will continue to recruit Bangladeshi workers, said Abdulaziz Fahad M Al Ibrahim, deputy head of Mission of the Saudi Embassy in Dhaka.Addressing a press briefing in the embassy, he said that they issue 4,000 to 6,000 visas for Bangladeshis every day.The briefing was organised...
Read moreThe government has signed a loan agreement with the Asian Infrastructure Investment Bank (AIIB), totalling US$109.78 million, EUR 29.42 million and RMB 132.49 million, for the implementation of the 'Southern Chattogram and Kaliakoir Transmission Infrastructure Development Project'.Mirana Mahrukh, Additional Secretary of the Economic Relations Division, and Rajat Misra, acting vice-president...
Read moreTaskeen Ahmed, Vice Chairman of IFAD Group, has been elected as the President of Dhaka Chamber of Commerce & Industry (DCCI) for the term 2025. In addition, Razeev H Chowdhury has been elected as the Senior Vice President and Md Salem Sulaiman as the Vice President for the same term.The...
Read moreMidland Bank PLC and Sheba Fintech Limited have signed a Memorandum of Understanding (MOU) in a significant move aimed at advancing digital banking and financial inclusion. Md Zahid Hossain, Deputy Managing Director of Midland Bank, and Ilmul Haque Sajib, Managing Director of Sheba Fintech, signed the MoU at a simple...
Read moreSarzil Sarwar, the Area Head of Information and Digital Technology at BAT Bangladesh, has been honoured as the 'Chief Digital Officer (CDO)/Digital Director of the Year' at the Bangladesh C-Suite Awards 2024 ceremony held at a city hotel recently. Bangladesh Brand Forum organised the award ceremony.
Read moreRIYADH, Dec 15 (Arab News): Increasing the use of smart technology in farming is critical if the Middle East is going to truly achieve food security, experts have told Arab News.As agricultural productivity in the region remains vulnerable to supply chain disruption, water shortages, and conflicts, the challenge of producing...
Read morePakistan has expressed interest in importing medicines from Bangladesh.Pakistan High Commissioner to Bangladesh Syed Ahmed Maroof conveyed this interest during a meeting with Health Adviser Nurjahan Begum at her office on Sunday, reports UNB. Bangladesh has made significant progress in the pharmaceutical sector, and Pakistan is interested in importing medicines...
Read moreResidents of all unions in Gaibandha district can now digitally pay their holding tax and trade licence fees exclusively through Nagad, the digital financial service of the Bangladesh Postal Department, reports BSS.This service was formally inaugurated Saturday, said a press release on Sunday.Through this system, citizens from 81 unions in...
Read moreNEW YORK, Dec 15 (Reuters): The US Treasury has informed Japan's Nippon Steel that the panel reviewing its proposed $14.9 billion purchase of US Steel has not yet come to an agreement on how to address security concerns, the Financial Times reported on Sunday.Treasury, which leads the Committee on Foreign...
Read moreDUBAI, Dec 15 (Reuters): The Iranian currency extended its fall on Saturday, hitting a new all-time low against the US dollar amid uncertainties about Donald Trump's imminent arrival in the White House and tensions with the West over Tehran's nuclear programme.The rial plunged to 756,000 to the dollar on the...
Read moreNEW YORK, Dec 15 (Reuters): US President-elect Donald Trump has in recent weeks expressed a keen interest in privatizing the US Postal Service, the Washington Post reported on Saturday, citing three people with knowledge of the matter.The US Postal Service, which has lost more than $100 billion since 2007, reported...
Read moreSUZHOU (China), Dec 15 (AFP): Dominant in the electric car sector, Chinese companies have been quietly consolidating their position in the lesser-watched trucking scene-but foreign tariffs and a perceived quality gap could signal roadblocks ahead, experts warn.The domestic supply chain and low-price strategy that helped make China's EV car industry...
Read moreWASHINGTON, Dec 15 (BBC): ABC News has agreed to pay $15m (£12m) to US President-elect Donald Trump to settle a defamation lawsuit after its star anchor falsely said he had been found "liable for rape".George Stephanopoulos made the statements repeatedly during an interview on 10 March this year while challenging...
Read moreWASHINGTON, Dec 15 (AFP): The US Federal Reserve is widely expected to announce a quarter point cut to its key lending rate on Wednesday despite a recent uptick in inflation, in the central bank's last meeting of Joe Biden's presidency.The Fed is also tipped to signal a slower path of...
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