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Russian President Vladimir Putin said on Wednesday that banks from BRICS nations can freely connect to the System for Transfer of Financial Messages (SPFS), Russia’s alternative to SWIFT. While addressing a BRICS business forum, Putin said that together with its partners – Brazil, India, China and South Africa – Moscow …
Read More »BRICS developing new global reserve currency – Putin
President Vladimir Putin said on Wednesday that the BRICS countries – Brazil, Russia, India, China, and South Africa – are currently working on setting up a new global reserve currency. “The issue of creating an international reserve currency based on a basket of currencies of our countries is being worked …
Read More »Russia strictly complies with its energy resource supply commitments — Kremlin
Russia strictly follows all its commitments of energy supplies to Europe, Kremlin spokesman Dmitry Peskov told reporters on Thursday, reports TASS. “The Russian Federation strictly performs all its commitments. Being a fairly reliable and proven supplier of energy resources to Europe over decades, Russia treats its reputation in this regard …
Read More »Russian Finance Ministry paid Eurobond coupon in rubles
The Russian Finance Ministry has honored commitments under Eurobonds mature in 2027 and 2047 totaling 12.51 bln rubles ($234.89 mln), the Ministry said on Thursday, reports TASS. “The Russian Finance Ministry informs that in accordance with the Executive Order of the President of the Russian Federation dated June 22, 2022 …
Read More »Use of gas in electricity generation to save Tk 1,998bn in 5-yr
As the international oil market becomes unstable, Bangladesh plans for generating power from 14 duel-fuel plants that will use gas instead of costly diesel. This will save the country more than Tk 1,997.69 billion in next five years, said a report prepared by the Bangladesh Power Development Board (BPDB). BPDB …
Read More »SME stocks keep rising amid bearish market
Stock prices of Small Capital Platform are soaring in recent times amid an influx of investors despite the main trading board is incurring losses. Market insiders said participation of investors is rising on the SME board as the stock market regulator relaxed some conditions for trading shares on the SME …
Read More »Nutrition interventions sought for boosting overall economy
Nutrition interventions play a crucial role in empowering women, ensuring dietary diversity, building a climate-resilient food system, and boosting the overall economy, said experts at a seminar in the city. Jointly organised by the International Fund for Agricultural Development (IFAD) and BRAC James P Grant School of Public Health on …
Read More »Cattle farmers struggle to arrange feed amid floods
Sharif Hossain, a cattle farmer in Boro Koyra village under Sirajganj sadar upazila, was preparing 10 cows for sale during the upcoming Eid-ul-Azha but early floods this year have completely submerged nearby grazing lands, making it difficult for him to arrange feed amid a lack of funds. With his house …
Read More »Salt prices shoot up
With just around two weeks left for Eid-ul-Azha, price of unrefined salt has shot up, at least in the wholesale hub of Narayanganj’s Nitaiganj, in what appears to be an attempt at cashing in on the upcoming seasonal rise in demand for preserving hides of sacrificial animals. Nitaiganj caters to …
Read More »CAB urges govt to readjust edible oil prices
The Consumers Association of Bangladesh (CAB) urged the government to readjust edible oil prices in the country following a downward trend of their rates in the international market. Vice-President of CAB central committee S M Nazer Hossain came up with the call through a statement on Friday. He said as …
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