Government borrowing from commercial banks has risen by 74% in the current financial year, driven largely by sluggish private sector credit growth and a strategic move to reduce its debt to the central bank under a contractionary monetary policy.
According to data from Bangladesh Bank, the government secured Tk78,832 crore from commercial banks through the issuance of Treasury bills and bonds between July and 20 February, compared to Tk45,231 crore in the same period the previous year. Currently, the government's total outstanding borrowing from commercial banks amounts to Tk3.97 lakh crore.Govt debt strategy reduces central bank borrowing by 40pc
Mark Carney wins to replace Trudeau as Canada PM
Canada's Liberal Party overwhelmingly elected Mark Carney as the country's next prime minister Sunday, as the former central banker warned of "dark days" brought on by the United States under President Donald Trump.
Carney lost no time taking a defiant stance against a US president he accused of "attacking Canadian workers, families, and businesses."
"We cannot let him succeed," added the 59-year-old, who will take over from outgoing Liberal leader, Prime Minister Justin Trudea...
B’desh sees highest child marriage rate in Asia
A new global report, "Girl Goals: What has changed for girls? Adolescent girls’ rights over 30 years," released by UNICEF, UN Women, and Plan International to mark International Women’s Day on Saturday, recognises the benefits to communities that invest in girls, particularly adolescent girls. It emphasizes the benefits extend beyond the individual, to the stability and economic development of their communities and countries. The report highlights improvements in areas such as life expectancy but calls for serious attention to be paid to adolescent girls in Bangladesh, who still grapple with persistent inequalities, violence, child marriage, a lack of education and limited opportunities.
Firms sign contracts with Starlink
Several Bangladeshi firms have partnered with Starlink to support the setup of ground stations in Bangladesh. The firms have signed contracts with Starlink for collaboration, as a US telecommunications service provider team is currently visiting Bangladesh.
The visit of the Starlink tea...
The collaboration includes space allocation, construction support, and ongoing infrastructure maintenance, said a press release issued by the Chief Adviser's Press Wing on Saturday.
Biman’s ‘All Women Flight’ marking Int’l Women’s Day
Biman Bangladesh Airlines is operating a special flight today with all women cockpit and cabin crews on the occasion of International Women's Day.
The special Dhaka-Bangkok-Dhaka flight BG-388 is being commanded by Capt...
The national flag carrier is operating the flight expressing solidarity with gender equality, women's empowerment, and the elimination of all forms of violence and discrimination against women, Biman said in a release.
OIC endorses alternative to Trump’s Gaza takeover plan
The Organisation of Islamic Cooperation (OIC) on Friday endorsed an Arab League counter-proposal to US President Donald Trump's controversial plan to take over Gaza and displace its residents, two ministers told AFP.
The decision by the 57-member grouping came at an emergency meeting in Jeddah, Saudi Arabia, three days after the Arab League ratified the plan at a summit in Cairo.
The Egyptian-crafted alternative to Trump's widely condemned take...
