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BPDB seeks Tk 30bn loan to pay outstanding bills

State-owned Bangladesh Power Development Board (BPDB) seeks Tk 30 billion loan from Power Sector Development Fund (PSDF) to pay bills of purchasing costly electricity from the private sector power producers. BPDB Secretary Mohammed Salim Reza wrote an official letter to the Power Division’s secretary recently in this matter. This development followed the private sector power producers’ call for the power ...

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Economy moving to comfortable zone as inflation eases: Planning Minister

Planning Minister MA Mannan on has said that Bangladesh economy is moving toward a comfortable position with the restoration of global food supply after Russia’s recent deal with Ukraine allowing export of food grains. The minister said this at a press briefing at his office in Sher-e-Bangla Nagar, while releasing the inflation data prepared by Bangladesh Bureau of Statistics (BBS) ...

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Gold price goes up by Tk 1,050 per bhori

Jewellers have raised the price of gold by Tk 1,050 to Tk 82,348 per bhori (11.664 grams) due to a hike in the price of the precious metal in the international market. The price of 22-carat gold is now Tk 7,060 per gram while it is Tk 6,740 for 21-carat gold, according to a press release issued by Bangladesh Jewellers ...

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Bangla Trac Group founder Aminul Huque passes away

Bangla Trac Group founder, group chairman and former chairman of Prime Bank Limited Aminul Huque passed away in Dhaka on Wednesday. Aminul Huque was also the founder of Bangla Trac Group’s business establishments. Aminul Huque was born in 1940. He got his B.Sc. in Mechanical Engineering from Bangladesh University of Engineering and Technology (BUET) in 1962. He was involved in ...

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TCB starts selling essentials across country

The state-run Trading Corporation of Bangladesh (TCB) has started selling essential items to family cardholders across the country at a subsidized rate. Commerce Minister Tipu Munshi formally inaugurated the operations of the Programme at Babor Road area in the capital’s Mohammadpur on Tuesday morning. Some one-crore families across the country having cards would be able to buy such essential items ...

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TCB’s product sale deferred by one day

Trading Corporation of Bangladesh (TCB) will start selling sugar, lentil and soybean oil at subsidised prices to one crore low-income families from Tuesday (August 2) instead of Monday. Although the allocation has started, the products will be available at the consumer level on Tuesday after Commerce  minister will inaugurate the program, TCB said on Monday morning. Only family cardholders can ...

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Russia cuts off gas supplies to Latvia

Russian state-run company Gazprom has said it has stopped sending gas to Latvia after accusing it of violating supply conditions, a move the Baltic country said would have little impact on its gas supplies. Russia has already cut off gas supplies to Poland, Bulgaria, Finland, Netherlands and Denmark, which refused to pay for gas in line with an order by ...

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Edible oil still being sold at previous rates

Edible oil is still being sold at the previous higher prices, even though the government has announced a reduction in prices of the goods in the country. Consumers are still buying the goods at their previous higher prices, as the markets are yet to see an increase in oil supply. The government and the Bangladesh Vegetable Oil Refiners and Banaspati ...

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Apple and Amazon sales up despite rising prices

Amazon and Apple posted better than expected sales, reassuring investors that the tech giants will be able to weather slowdowns in global economies. Amazon forecast in a trading update that higher fees for its Prime membership would boost its bottom line, while Apple said demand for its all important iPhone remained strong. Both firms said they were making progress controlling ...

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