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July 3, 2023

More ‘interest free’ loan for Bangladesh: WB

The World Bank (WB) gave approval for more $200 million ‘interest free’ loans for Bangladesh. The loan will be given for projects regarding livelihood improvement. wbBoard of Directors of WB approved the loan at a meeting in Washington on Wednesday. The loan has to be repaid by the Bangladesh Government by a period of 38 years. Grace period of 6 years starting from the time of handover of the loans was also approved. 0.75% service charge is applied on the loan. The livelihood improvement project was constructed based on the success of the ‘Social ...

Interest rebate for good borrowers

Bangladesh Bank (BB) has finally offered incentives to good borrowers, as there has been an allegation that the central bank always stands by defaulters. bbThe BB issued a circular in this regard on Thursday. “Borrowers having regular loan repayment records will be given 10 percent rebate on the interests in the 3rd year of loan repayments,” said the circular asking the chief executives of all banks to take necessary steps in this regard. This rebate will continue in the following years if the borrowers continue to be ‘good borrowers’, the BB said. ...

Protests in Bangladesh over ‘biased’ umpiring

Hundreds of Bangladesh cricket supporters Thursday burnt an effigy of Pakistani cricket umpire Aleem Dar and marched in the capital Dhaka after the country was knocked out of the World Cup. They chanted “Shame, Shame. No to ICC conspiracy,” as they shouted slogans against the umpires and the International Cricket cricket BDCouncil after Bangladesh’s best ever World Cup came to an end following a 109-run defeat against India. Opener Rohit Sharma top-scored with 137 off 126 balls and Suresh Raina hit a rapid-fire 65 from 57 balls as Indi...

UN concerned over rights situation in BD

The United Nations (UN) has reiterated its concern at the potential breach of rights, especially freedom of expression and freedom of assembly, in Bangladesh. UN-logoThe global body also urged the Bangladesh authorities to allow freedom of expression, freedom of assembly and freedom of the media. “we’re continuing to hold the authorities to those points and, of course, we would be concerned about any breaches of that,” Farhan Haq, a deputy spokesman for the UN secretary-general said during a briefing in New York on Wednesday. Dwelling on Bangladesh’...

Biman expands partnership with Travelport

Travelport (NYSE:TVPT), a leading travel commerce platform providing distribution, technology, payment and other solutions for the $7 trillion global travel and tourism industry, announces an expanded partnership with Biman Bangladesh Airlines, the national flag carrier of the People’s Republic of Bangladesh. The Airline leads in outbound flights from Bangladesh. BimanThe enhanced agreement means that all of Travelport’s 67,000 connected travel agencies can gain access to Biman Bangladesh Airlines’ full content, which will include international, domestic and ...

Potato price spirals give farmers respite from losses

Speculation of poor crops for unfavourable weather and resumption of exports have fuelled potato prices, raising farmers’ hopes of recouping the losses incurred for selling vegetables at throwaway prices early this year owing to political unrest. potato-ReutersFarmers now get up to Tk 10 (S$0.2) per kilogram for one of the popular varieties of potato, Diamant, up from Tk 8 for the same variety early this month, said Rahidul Islam, a vegetable stockist and wholesaler at Mahasthan Bazar, one of the main wholesale vegetable depots up...