Bank merger: ‘No’ to 4 of 5 weak banks
Mohiuddin Farazi: Recently, Bangladesh Bank took the initiative of merging weak banks with strong banks to restore stability in the banking sector. There was also a series of announcements to merge the five weak banks with…
Read More »DSCC accused of evicting properties in defiance of HC order
Staff Correspondent: The Dhaka South City Corporation (DSCC) and RAJUK have allegedly continued an eviction operation on Mugda Road, despite a High Court order to suspend such activities. The DSCC-led operation, overseen by Magistrate Moniruzzaman, seeks…
Read More »Cry for water
Water level dropped below 40 feetFarakka reduces 700-yr life span of rivers Mahfuz Emran: At least five lakh people live in Barisal City Corporation area. Two water treatment plants of 3.2 million liters capacity were set…
Read More »Govt borrowing from banks up by 12-time
Zarif Mahmud: The government is borrowing heavily from the commercial banks of the country. In the first 9 months and 22 days of the current financial year, the amount of loans from these banks is about…
Read More »Record load shedding of 3200 MW amid heatwave
Staff Reporter: Officials from the power utilities disclosed that at 2 pm on Monday, the National Load Dispatch Centre (NLDC) at the Power Grid Company of Bangladesh (PGCB) reported a record shortfall of 3196 MW.During the…
Read More »Foreign debt interest payment pressure mounting on budget
Syed Nasir Hossain: At present, the country’s economy has a foreign debt pressure of Tk 11.5 lakh crores. There is a provision of repaying this loan with interest at the end of the specified period.A part…
Read More »Tea leaves burning for extreme sun heat
Srimangal tea garden Staff Correspondent: In Moulvibazar, the tea plant is not getting new buds in the hot weather. Somewhere the leaves of the tea tree are getting burnt by the intense sun. The workers are…
Read More »Escalating conflict in Middle East could in crease inflation: WB
Industry Desk: If the ongoing conflict in the Middle East countries increases, the supply of fuel oil, natural gas, fertilizers, food and other products may be interrupted. This may increase the price of these products in…
Read More »Banks face liquidity crisis due to wrong policy of Cen Bank
Staff Correspondent: Cash (liquidity) crisis has become evident in the country’s banking sector due to financial irregularities, central bank’s contraction policy and wrong policy of mergers. Banks have to reach out to other banks as well…
Read More »Remittance houses under pressure from Hundi
Md Razib Mridha from KL: Malaysia is a country of workers, students, employees, traders and various professions. In all, about 15 lakh expatriate Bangladeshis live here. A large part of them need to send money to…
Read More »Half of expats sell out their Purbachal plots
Earned huge profit Mahfuja Mukul: Tanveer Mahmud was allotted a plot of 10 katha under the expatriate quota in the Purbachal New Town project of the Capital Development Authority (RAJUK). For this he deposited Tk 30…
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