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Yesterday’s opening of the Padma Bridge gave connectivity a shot in the arm since it is going to cut the time needed to move goods between the southwestern region of Bangladesh and the capital city by two to four hours, thus cutting the cost of doing business. And businesses say …
Read More »Rajshahi markets see ample supply of mangoes
Both wholesale and retail mango markets in Rajshahi and its adjacent districts particularly Chapainawabganj and Naogaon are seen bustling with all varieties of mangoes during the current peak season of the delicious fruit. Huge supply of different varieties of mangoes like Langra and Khirsapat, superior varieties of mango known for …
Read More »Migrants sent $605 bn home in 2021, more by mobiles: UN
Migrant workers sent home an estimated $605 billion to low- and middle-income countries last year, a UN study said Thursday, boosted by an increase in payments sent via mobile phones. Global remittances rose 8.6 percent compared to 2020 and are projected to grow to $630 billion in 2022, according to …
Read More »Ctg to benefit greatly from Padma Bridge
The Padma Bridge, which will connect 21 south and southwestern districts, will help expand businesses, reduce transportation costs and time and accelerate growth, businesspeople in Chattogram have observed. Although the entire country will be benefited from the mega project being implemented braving many conspiracies at home and abroad, Chattogram will …
Read More »Bourses witness positive trend at opening
Stocks opened higher on Thursday as bargain hunters showed their buying interest in lucrative issues after recent price erosion. Following the previous day’s modest gain, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 32.63 points or 0.51 per cent to stand at 6,350, after the …
Read More »ADB may lend $2.3b under development recipe
The Asian Development Bank (ADB) may pledge to lend Bangladesh US$2.3 billion during 2023-2025 under an overall development recipe, at a time when the country launches a search for foreign-exchange support. Regarding the financing programme the ADB is finalising indicative country pipeline and monitoring (ICPM) report for the period, officials …
Read More »Lending thru agent banking surges
Banks’ lending through their agent banking channel rose by 177.53 per cent or Tk 1,274.7 in the January-April period of 2022 as a number of banks started exploring the cost-effective way of banking after the Covid outbreak. The latest Bangladesh Bank data showed that the banks’ lending through the agent …
Read More »Default loans now stand at Tk 126,389cr
Finance Minister AHM Mustafa Kamal told parliament yesterday that people had defaulted on repayments against loans amounting to Tk 126,389 crore in the country as of March this year according to Credit Information Bureau. Banks and financial institutions are unable to realise another Tk 21,046 crore due to High Court …
Read More »Padma Bridge breathes hope into southern farmers
Farmers and traders of agricultural products in Barishal, Jhalakathi and Pirojpur are counting the days until June 25, when Prime Minister Sheikh Hasina will officially open Padma Bridge, as the resulting increase in connectivity will ensure better prices for their produce. “The wholesale price of guava was Tk 10 to …
Read More »RMG exports to Russia on decline
The ongoing Russia-Ukraine war has started to have a heavy impact on garment shipments to Russia as export earnings are declining significantly from this promising market for Bangladeshi apparel goods. In the July-February period, earnings from garment export to Russia stood at $482.23 million, meaning that the average monthly earning …
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