Sat, 23 Nov 2024, 03:41 am
Economy

Forex holding by banks hits 14-month low

The volume of foreign currencies held by the country’s commercial banks hit a 14-month low in April due to increased demand, driven by a severe shortage of dollars. The gross

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Conservative Gulf gets first local beer

Inside his Abu Dhabi gastro pub, Chad McGehee inspects shiny steel tanks fermenting a special brew: the first beer made in the conservative Arab Gulf, where alcohol has long been

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Price of broiler keeps rising

The price of broiler chickens witnessed a further rise on the kitchen markets in the capital Dhaka by up to Tk 20 over the past two weeks, which caused lower-income

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Employment measures in FY25 budget receive top response

Measures for decent employment in the upcoming budget received the highest response among 14 areas in an online survey made by the Citizen’s Platform for SDGs Bangladesh. About 21 per

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Donors, ADB agree to replenishment of $5bn for vulnerable in Asia and Pacific

Donors and the Asian Development Bank (ADB) have agreed to a replenishment of $5 billion for ADB’s Asian Development Fund (ADF) 14 and Technical Assistance Special Fund (TASF) 8. The

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Fiscal space falling due to interest payment: PRI

The fiscal space of the country is declining due to rising interest payments, said Ahsan H Mansur, executive director of Policy Research Institute of Bangladesh, on Tuesday. In the keynote

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ADB provides $121.55m for Bangladesh’s solar power generation

The Asian Development Bank (ADB) has signed a $121.55 million financing package with Dynamic Sun Energy Private Limited to build and operate a 100-megawatt (MW) grid-connected solar photovoltaic power plant in Pabna, Bangladesh.The plant

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China keen to import mangoes from Bangladesh

China expressed its keenness to import mango from Bangladesh this year, said Chinese ambassador to Bangladesh Yao Wen. The Chinese ambassador came up with the information while talking to the

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Price fall in large-cap securities drives stocks down

Bangladesh’s bourses—the Dhaka Stock Exchange and the Chittagong Stock Exchange – on Thursday plunged due to mainly price fall in large-cap securities. DSEX, the prime index of the Dhaka Stock

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BB sells $11.67b to banks in 10 months

The Bangladesh Bank sold $11.67 billion from its foreign exchange reserves to banks in less than 10 months amid a severe dollar crisis faced by the country’s banks. According to

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