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February 1, 2023

PM Hasina warns of conspiracies to disturb stability in Bangladesh

Prime Minister Sheikh Hasina on Wednesday blasted those who argue for an unelected government, saying that many conspiracies would be hatched to disturb the current stability in the country.“Now there’ll be many sorts of conspiracy to spoil a stable en…

India to raise spending on job creation ahead of election

Indian Prime Minister Narendra Modi’s government presented to Parliament on Wednesday an annual budget of $550 billion that calls for ramping up capital spending by 33% to spur economic growth and create jobs ahead of a general election next year.Finan…

European inflation eases for 3rd month but prices still bite

Europe’s inflation rate dipped at the start of the year, giving some relief to consumers but still leaving them facing higher prices that have driven protests and will likely press the European Central Bank into another interest rate hike Thursday.The …

Bangladesh Bank simplifies receiving remittance

Bangladesh Bank (BB) has simplified the process of receiving foreign currency earned by providing services to foreign institutions, according to a circular issued by the central bank.From now on, there is no need to fill up paper forms to bring the inc…

BAB leaders seek dollar support from BB for LC opening

The country’s banking sector leaders on Wednesday urged Bangladesh Bank’s Governor Abdur Rauf Talukder to resolve the ongoing dollar crisis in the market to facilitate LC opening by importers ahead of Ramadan.Chairmen of 11 banks under the Bangladesh A…

BGMEA wants ethical prices from buyers

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has called upon global buyers to collaborate with their suppliers and pay ethical prices to enable and encourage the factories to take more initiatives for the welfare of garment wo…

Govt resumes importing LNG from int’l spot market

The government has resumed importing LNG (liquefied natural gas) from the international spot market.According to official sources, the Cabinet Committee on Government Purchase (CCGP) approved a proposal of the state-owned Petrobangla to import one carg…

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