Staff Reporter : The World Bank (WB) has announced that it could mobilise an additional $2 billion in new financing during the current fiscal year (FY) (2024-25) to support critical reforms, flood response, improved air quality, and healthcare in Bangladesh. During a meeting at the State Guest House Jamuna in Dhaka on Tuesday, the World Bank’s Country Director, Abdoulaye Seck, assured Chief Adviser Dr. Muhammad Yunus of the bank’s commitment to providing financial assistance to Bangladesh during this crucial period....
Day: September 18, 2024
Staff Reporter : The Bangladesh Bank (BB) anticipates that the foreign exchange market, particularly the dollar rate, will stabilise in the coming days, thanks to an increased inflow of foreign currency and active interbank transactions. This was revealed by the central bank’s newly appointed spokesperson, Husne Ara Shikha, in a video message delivered in Dhaka on Tuesday. Shikha stated that the price of the US dollar is currently fluctuating between Tk 118 and 120, with the difference between the official...
BSS : Bangladesh’s foreign exchange reserves have crossed $24 billion. “According to the latest data, foreign exchange reserves amount to $24.3 billion. It is close to $20 billion according to the BPM-6 calculation standard of the IMF,” said Bangladesh Bank (BB) spokesperson Husne Ara Shikha in a video message here yesterday. Net reserves are calculated according to the International Monetary Fund’s BPM-6 measure. Subtracting short-term liabilities from gross or total reserves gives the amount of net or actual reserves. The...
Staff Reporter : The interim government in Bangladesh has admitted it is unaware of the current status of ousted Prime Minister Sheikh Hasina during her visit to India, sparking concern over the implications for the country’s leadership. A senior official from the government, who requested anonymity, stated, “We are not fully informed of ousted Prime Minister Hasina’s whereabouts or the purpose of her landing in India at this point. However, we expect to receive updates soon.” This revelation has raised...
Staff Reporter : The government has granted executive magistrate powers to commissioned officers of the Army nationwide.A gazette notification from the public administration ministry, issued on Tuesday, confirms that this authority is effective immediately and will last for the next 60 days. This move comes in response to widespread clashes related to quota reform protests. Following the deployment of the Army and the imposition of a nationwide curfew on July 19, the Sheikh Hasina government was overthrown by a student-led...
Staff Reporter : The Acting Chairman of the Bangladesh Nationalist Party (BNP), Tarique Rahman, has emphasised that the current interim...
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DU Correspondent : A recent study reveals that 83.8 percent of Dhaka University (DU) students support the complete ban of political party-affiliated student politics on campus. In contrast, only 16 percent believe such politics should exist but in a reformed manner. The survey, conducted by the Dhaka University Research Society (DURS), gathered responses from 2,237 students across 78 departments and 10 institutes. The results were disclosed during a press conference at the Dhaka University Journalists’ Association. The findings indicate that...
Staff Reporter : In separate drives, the elite force Rapid Action Battalion (RAB) has arrested two individuals accused of firing on students and the public during the Anti-Discrimination Student Movement that took place in July. In Uttara, members of RAB apprehended Delwar Hossain Rubel, who had been involved in a case related to the shooting that occurred in Uttara, Dhaka. Rubel was arrested in Gazipur’s Tongi area. According to a press release issued by RAB on Tuesday, Rubel had fired...
Court Correspondent : Former Cultural Affairs Minister Asaduzzaman Noor and 41 other Awami League leaders and activists have been sued in a case filed on Sunday over the murder of a BNP leader in Nilphamari in 2014. The victim is Golam Rabbani, Organizing Secretary of BNP’s Lakshmichap Union unit under Nilphamari Sadar Upazila. His wife Shahnahaz Begum filed the case 10 years after the murder, saying she could not file the case all this time for fear of political reprisal....
DU Correspondent : A section of Dhaka University (DU) students staged a demonstration demanding trial of former university administration including Vice Chancellor prof ASM Maksud Kamal for their controversial role and charge of failing to protect the students in the recent quota reform movement. The students organized the protest at the anti-terrorist Raju Memorial Scripture on Tuesday while they expressed that the ex-vc Maksud Kamal-led administration unleashed law enforcement on the students which hurt hundreds of students and thereby they...