The resumption in purchases shows the People’s Bank of China is still keen to diversify its reserves and guard against currency depreciation, even with gold at historically expensive levels. China’s central bank expanded its gold reserves in November, ending a six-month pause in purchases after prices for the precious metal rose to a record. Bullion […]
Read MoreKolkata has been a gateway of trade between India and Bangladesh for decades, gateway for a wide range of goods. Indian businesses in Kolkata have begun to to feel the pinch as trade between India and Bangladesh continues to slow down. Kolkata has been a gateway of trade between India and Bangladesh for decades, gateway […]
Read MorePresident Anura Kumara Dissanayake has directed rice traders to sell Nadu rice to consumers at a wholesale price of Rs. 225 per kilo and a retail price of Rs. 230 per kilo. The President also instructed the officials Consumer Affairs Authority to closely monitor the situation over the next ten days and strictly enforce the […]
Read MoreOfficials from the Ministry of Information and Culture have announced the commencement of the National Archive restoration project at a cost of 4.6 million afghani. According to the ministry’s spokesperson, the aim of the restoration is to protect the documents and storage facilities of the National Archive from damages caused by climate change. The National […]
Read MoreThe Seti Hydropower Project, located in Machhapuchchhre Rural Municipality, Kaski, has officially started generating electricity for commercial use. With a capacity of 25 megawatts, the project began power generation after completing necessary tests for the power plant, interconnection, and commissioning. Jag Bahadur Pokharel, Chairman of the project company, said that the generated electricity has been […]
Read MoreOn December 5, President Shavkat Mirziyoyev reviewed a presentation outlining key priorities for the automotive industry ahead of 2025. The discussion, which built on instructions given last month, emphasized enhancing production capacity and improving vehicle quality. With over 400,000 vehicles sold annually, the automotive sector is poised for continued growth, driven by increasing consumer incomes. […]
Read MoreCeylon Electricity Board (CEB) has decided not to change electricity tari for six months and to go for a revision by mid next year, it was revealed yesterday. This was revealed in the tari revision proposal which was handed over to Public Utilities Commission (PUCSL) by the CEB. The proposal signed by CEB General Manager […]
Read MoreFor Saydi Emin, a farmer living on the southern edge of the Taklimakan Desert, known as the “Sea of Death,” sandstorms were a constant menace. They would rip away the plastic film covering his fields and destroy cotton seedlings, often leading to reduced or zero yields. These challenges left him with lingering fears. But now, […]
Read MoreThe International Monetary Fund (IMF) has set Bangladesh’s revenue growth target for the current fiscal to an amount which is 27% higher than what was collected last year. In the last fiscal year 2023-24, the National Board of Revenue (NBR) collected revenue of Tk3.62 lakh crores. To achieve the target, the NBR will now have […]
Read MoreBangladesh should be a much more open economy to escape the middle-income trap, Indermit S Gill, chief economist of the World Bank Group, has said. Six billion people in middle-income countries are in a race against time and the external environment is making things harder, he said at the Annual BIDS Conference on Development (ABCD) […]
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