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April 3, 2025

US overtakes UAE as largest source of remittances to B’desh

Bangladeshi expatriates in the United States (US) sent home the highest amount of remittances in February, totalling US$491.26 million, according to data from Bangladesh Bank (BB).

Following the political transition in August, remittance inflows from the US have significantly increased, enabling the country to surpass the United Arab Emirates (UAE), which had long been the leading source of expatriate income.

The UAE ranked second, with expatriates send...

Trump inks executive order to form ‘Strategic Bitcoin Reserve’

US President Donald Trump signed an executive order Thursday for establishing a "Strategic Bitcoin Reserve," forcefully endorsing a currency once shunned as a tool for money launderers. The government stockpile, which backers liken to a "digital Fort Knox," will be composed of digital currency seized in US criminal proceedings, said David Sacks, the White House's crypto "czar," emphasizing in a social media post that Thursday's move made good on a Trump campaign promise. The use of these assets "means it will not cost taxpayers a dime," Sacks said in a post on X. "The purpose of the Stockpile is responsible stewardship of the government's digital assets under the Treasury Department."

Automation reshapes RMG industries, but at what cost?

In one of Dhaka’s largest garment factories, a young woman swiftly sewed a piece of grey fabric and passed it down the production line. She impatiently awaited the next piece, willing her colleague to work faster.

Above her sewing machine, a screen emitted a red warning—she had completed only seven pieces so far, against a daily target of 101. The screen’s colour would shift to orange as she progressed and turn green if she met her target. Failure to maintain pace consistently could result in dismissal.

    * Automation in garment factories is leading to job cuts, especially for women.

    * Smart surveillance devices monitor workers as factories struggle t...

NCP hosts Iftar, policy discussion in Laksam

The National Citizens' Party (NCP) hosted an Iftar and policy discussion at the Greenview Restaurant in Laksam on Thursday, marking a crucial step in promoting the party's vision of a "Second Republic" for Bangladesh. The event attracted a distinguished gathering of political leaders, social activists, and student representatives, all united to deliberate on the future of Bangladesh and the NCP’s blueprint for socioeconomic reform.

Barrister Mazharul Islam Sohel, Central M...

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