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UNICEF will provide $306 million financing to Bangladesh in next five years under its new country programme document (CPD) 2022-2026. The Bangladesh-UNICEF country programme document 2022-2026 was signed at Economic Relations Division (ERD) on Sunday. The new CPD 2022-2026 has outlined an indicative budget of $306 million, says an ERD …
Read More »World class shipyard to be built in Patuakhali near Payra port
The government is planning to build a world class shipyard near Payra seaport in Patuakhali costing around Taka 14,000 crore. Gentium Solutions, a Singapore and Australia-based company, and Damen Shipyards Group, a Netherlands-based company, are willing to finance the Taka 14,000 crore foreign direct investment (FDI) project. It will be …
Read More »Reconditioned vehicle import rises by 54.8pc in July-Dec
Reconditioned vehicle import from July to December of the ongoing fiscal year increased by 54.8 per cent compared with that in the same period of the previous fiscal year. In July-December of FY22, a total of 8,768 reconditioned vehicles were imported from different countries like Japan, China, South Korea, Germany, …
Read More »Banks asked to run with 50pc staff
Bangladesh Bank yesterday asked banks to run operations with 50 per cent of their workforce until February 6 by introducing alternate-day duty rosters immediately in order to tackle the third wave of the coronavirus pandemic. However, banks can also decide for themselves the number of employees they will have in …
Read More »FAO regional confce starts on March 8 in Dhaka
Bangladesh will host the 36th Regional Conference for Asia and the Pacific of the Food and Agriculture Organization (FAO) for the first time since it joined the organisation in 1973. Allan Dow, head of communications of the FAO’s Asia-Pacific regional office, made the announcement at a virtual press conference yesterday. …
Read More »Rice farmers delighted at Kataribhog’s price hike
Farmers in Dinajpur who cultivate aromatic Kataribhog rice are now delighted at prices having substantially increased recently as demand has gone up. While this is a blessing for growers, consumers are expected to feel the pinch in their grocery budgets. Dinajpur Kataribhog is recognised as a Geographical Indication (GI) product …
Read More »BFIU seeks bank account details of Dr Yunus
The Bangladesh Financial Intelligence Unit (BFIU) has asked banks to provide detailed information about the accounts and transactions of Nobel laureate Dr Muhammad Yunus for the last two years. On January 20, the agency, which works to curb money laundering and terrorist financing, ordered banks to furnish it with the …
Read More »BB introduces new credit guarantee facility to pace loans disbursement among marginal groups
Bangladesh Bank has introduced a new credit guarantee facility to speed up loan disbursement to landless farmers, low income professionals, school banking account holders and small traders. The SME & Special Programmes Department of BB issued a circular on Sunday titled “Financial Services Credit Guarantee Scheme” in imitation of the …
Read More »Bangladesh now ranks 41st economic power amid pandemic: Lawmakers
Amid the ongoing corona pandemic, lawmakers in the Jatiya Sangsad today said Bangladesh has been able to keep its economy upward and now the country remains 41st position economically across the world. “Bangladesh now becomes an ‘emerging tiger’ across the world under the leadership of Prime Minister Sheikh Hasina while …
Read More »Bitumen, fuel to get costlier
The price of bitumen is likely to rise by Tk 1,000-1,200 per barrel coupled with a further hike in fuel tariff in the country as the global price of crude oil, the raw material for producing bitumen, has jumped by 23 percent in the last one month. The crude oil …
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