Bangladesh has very recently made its first payment in the local currency, taka, for a predominantly foreign loan-funded project — indicating a possibility of being quite a game-changer. The project in question involves the construction of a 24-kilometre elevated expressway connecting Dhaka to Ashulia, with an estimated cost of Tk17,653 crore (approximately $1.2 billion). China…
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Representatives from the brokerage and merchant banking sectors reiterated their recommendations to foster a vibrant capital market during a meeting with the Dhaka Stock Exchange (DSE) on Sunday (18 June). The meeting, chaired by DSE Acting Managing Director M Shaifur Rahman Mazumdar, highlighted concerns regarding the proposed income tax act’s impact on new investor encouragement,…
According to the Novosti UZEX newspaper , the volume of sales of the domestic exchange market of non-ferrous metals in January-May 2023 exceeded 45.6 thousand tons. The largest volume in the sales structure falls on cathode copper, whose share is 69%. The following positions are occupied by zinc with a share of 23% and copper rod with…
Mohammad Kabir Hossain learned the nuts and bolts of bus building from his guru Ladla at the Ryad Engineering Workshop in Savar. Although Ladla is an expert in building AC buses, he also taught Kabir how to build non-AC buses and minibuses. “In 2000, at the age of 20, I joined the workshop as a…
The elections were held in an overall orderly and festive atmosphere, said Kazi Habibul Awal, the chief election commissioner After a day-long vote in Khulna and Barisal amid a peaceful atmosphere on Monday, the two ruling Awami League-nominated mayoral candidates became victorious, defeating their closest contestants from Islami Andolan Bangladesh (IAB) by a margin of…