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Sri Lankan casino magnate Dhammika Perera entered parliament on Wednesday with a mandate to revive the bankrupt island nation’s wrecked economy — working alongside a premier who once accused him of corruption. The 54-year-old Perera is a long-time loyalist of the powerful Rajapaksa clan, whom protesters have accused of mismanaging …

Oil prices plunged more than five percent Wednesday as traders grow increasingly worried that demand for the commodity will take a hit from a possible recession caused by a sharp hike in interest rates aimed at reining in inflation. West Texas Intermediate lost 5.09 percent to $103.92 a barrel, while …

The labour ministry in collaboration with the International Labour Organisation on Tuesday launched an employment injury protection scheme in the readymade garment sector to provide income protection to the victims of work-related accidents and occupational diseases. With the inauguration of the ILO scheme in association with the Netherlands and Germany, …

The government is implementing a 30-year master plan slated from 2016 to 2045 to modernize the country’s rail communication system aiming at making the transportation service a people-friendly one. The information was revealed at a seminar titled ‘Railways in development progress: Challenges and remedies’ at the CIRDAP auditorium in the …

Laptop users in Bangladesh are set for a bigger hit as the imposition of a 15 per cent value-added tax at the import stage of the essential digital device would lift the prices further. Even before the budget for the next fiscal year was unveiled on June 9, laptop prices …

Government borrowing from banking sources has gone up significantly this month as it is now on a spending spree to materialise different development and non-development programmes by the time this fiscal year ends. The government had borrowed Tk 26,741 crore from banks from July 1 to May 26 of fiscal …

The mobile network operators have resumed the operation of 989 towers in Sylhet, Sunamganj and Netrokona in the last few days after most of the sites became dysfunctional on Thursday and Friday following a power outage due to the floods. Out of 25,280 sites in the three districts, 1,687 sites …

The currency of Bangladesh has depreciated further against the US dollar, hitting Tk 92.95 on the interbank platform yesterday. The exchange rate stood at Tk 92.90 per dollar on Monday before slipping by another Tk 0.05 yesterday, the 16th decline of the taka this year. The local currency is losing …

The long-cherished Padma Bridge is set to be inaugurated on June 25 next creating employment opportunities for thousands of people living it the country’s southwestern region as establishment of industries will begin there from now on. “The Padma Bridge will connect the country’s northern and southern regions. Rapid progress will …

The Bangladesh Bank has said that the country’s growth prospect is clouded by a number of uncertainties, including higher input costs and a decline in exports in Europe amid the Russia-Ukraine war. The central bank came up with the caution in its January-March quarterly report of 2022. The caution came …