According to the latest data from Bangladesh Bank, the surge in remittance is largely attributed to the upcoming Eid celebrations, as non-resident Bangladeshis are remitting more funds to support their families.
Fed holds interest rates steady amid economic uncertainty
US Federal Reserve (Fed) has opted to maintain the target range for the federal funds rate at 4.25 to 4.5 per cent, as economic indicators suggest continued solid expansion despite rising uncertainty.Insights
- US Federal Reserve has kept interest rates steady at 4.25 to 4.5 per cent, citing strong economic activity, low unemployment, and persistent inflation.
- The Fed will slow its balance sheet reduction, cutting Treasury redemptions from $25 billion to $5 billion monthly.
- Economic uncertainty has increased, and the Fed remains flexible on future adjustments.
Bangladesh’s pharma revolution against all odds
In May 1982, a committee of eight experts submitted a report to Bangladesh’s health ministry proposing an overhaul of the country’s drug regulation regime. At the time, Bangladesh was almost entirely reliant on imports for its pharmaceutical needs, just like many poor countries in Southasia and beyond continue to be today. Most medicines on the market were expensive, and often unsafe cocktails of antibiotics, cough syrups, digestive enzymes and palliatives were ubiquitous. Some three-quarters of the country’s pharmaceuticals were manufactured by just eight multinational companies, which typically sold their products at exorbitant prices. But medicines were not always easily available even to those willing and able to pay, owing to inadequate and poorly distribute...
Renewable not fossil fuels can ensure a livable city
A policy dialogue titled "Role of Renewable Energy for a Livable City" was held today at BIP Conference Hall, Planners Tower, Bangla Motor, Dhaka on Thursday (March 20).The event was jointly organized by the Center for Atmospheric Pollution Studies (CAPS), Bangladesh Institute of Planners (BIP), Bangladesh Resource Center for Indigenous Knowledge (BARCIK), Center for Participatory Research and Development (CPRD), and Jet Net BD.
The session was Chaired and moderated by Professor ...
JKKNIU demands independence of Palestinian people
Members of the Jatiya Kabi Kazi Nazrul Islam University (JKKNIU) Teachers’ Association, vehemently denounce the current inhuman destruction committed by Israel against the civilian people of Palestine. The unjustified bombing attacks, forced displacement, destruction of homes and property, and blockade of essential fundamental resources have led to an unprecedented humanitarian crisis, brutally violating basic human rights and international laws, according to a press release.
SEU MBA Club holds Iftar Mahfil
The SEU MBA Club (Southeast University MBA Club) officially handed over its documents, including the constitution, to the esteemed Vice-Chancellor, Prof. Dr. Yusuf Mahbubul Islam, during an Iftar and Dua Mahfil event held recently. This marks a significant milestone for the club, which began its journey unofficially one year ago.
Notably, this is the first time in Southeast University’s history that a club will be managed by postgraduate students, setting a new preced...
Country set to achieve record remittance in March
Bangladesh is on track to set a new record in remittance inflows, with expatriates sending $2.25 billion through banking channels in the first 19 days of March.
This marks a significant 78.4 per cent increase compared to the same period last year.
