Inflation overshadows BD's economic stride in 2024
Bangladesh's economy in 2024 faced major challenges, as rampant inflation not only eroded purchasing power but also overshadowed the country's progress in other areas, underscoring the growing struggle to balance development amid rising economic pressures, reports UNB.The rising cost of living, driven by domestic and international factors, strained households and...
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BGMEA seeks back-to-back L/C facilities for non-bonded factories
The apex body in the apparel sector -- BGMEA -- has urged the government to allow non-bonded factories sourcing raw materials under back-to-back L/C (letter of credit).Bangladesh Garment Manufacturers and Exporters Association (BGMEA) made the plea when a delegation led by its administrator Anwar Hossain called on the National Board...
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CCC to construct 38 footbridges
CHATTOGRAM, Dec 25: Chattogram City Corporation (CCC) will build as many as 38 overbridges, which they say, will help curb road accidents.The bridges will be constructed under the project titled 'Development of various roads including airport road and development of various important infrastructure' at a cost of Tk 25 billion....
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South Asia Insurance expects to achieve Tk 1.0b premium income in 2025
The third-generation South Asia Insurance Company believes it would achieve the target of Tk 1.0 billion premium income in 2025 as it has adopted cutting-edge technologies and increased the quality of customer service.The insurance company is among the 46 non-life insurance companies in Bangladesh started its journey in December 1999....
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StanChart hosts training for women entrepreneurs
Standard Chartered Bank, in collaboration with SME Foundation, organized a three-day training programme on 'Online Business Management and Financial Inclusion' for women entrepreneurs of Bogura recently. A total of 36 women participated in the training. They are engaged in a variety of ventures, including home-made food, handicraft products manufacturing, boutique...
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AL-ARAFAH ISLAMI BANK SIGNS DEALS WITH RADISSON BLU
Al-Arafah Islami Bank PLC has signed a 'Buy One Get One' (BOGO) agreements with Radisson Blu Chattogram and The Peninsula Chattogram recently. Deputy Managing Director of the bank Mohammed Fazlur Rahman Chowdhury and Operation In-Charge of Radisson Blu Jamir Uddin Qureshi and General Manager of The Peninsula Sumedha Gunawardana signed...
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S Arabia top buyer of Russian fuel oil in Nov
MOSCOW, Dec 25 (Reuters): Saudi Arabia was the top destination for Russian sea-borne fuel oil and vacuum gasoil (VGO) exports in November, according to LSEG data.Total fuel oil and VGO exports from Russian ports last month rose by 6 per cent from October to about 4.26 million metric tons, according...
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