ChatGPT, an AI tool developed by OpenAI, bloomed into existence seemingly without warning and took over a vast majority of our daily lives. From writing emails and resumes to creating recipes or hilarious stories of your given prompt, this technology can offer a wide range of uses as long as
Author: Nadira Tasnim
Savers turning to banks
Savers are returning to banks gradually thanks to the rise in interest rates and lack of attractive investment options in the money market, official sources at the Bangladesh Bank have said. Dull stock market and investment limits in purchasing savings certificates are motivating savers of all categories to park their money
Beximco gets JB loans in violation of BB rules
The state-owned Janata Bank (JB) has given loans worth Tk 21,978 crore to various institutions of the Beximco Group without following the appropriate rules of the Bangladesh Bank (BB), official sources said. According to BB rules, a bank can lend a maximum of 25 percent of its capital (funded and unfunded)
Shouldn’t we focus more on generating solar power?
Power generation from sunlight seems a less priority for the policymakers in Bangladesh, despite its huge potential to lessen dirty energy coming from fossil fuels. Clean and green energy saves not only foreign currency but also helps protect the climate from the devastating impacts emanating from nonrenewable fuel sources. Although
Govt eyes foreign loans to boost reserve
The government and the central bank are looking at foreign loans and grants to increase the foreign exchange reserve as exports and remittances fell in April 2023, according to official sources. The International Monetary Fund (IMF) had set a minimum net reserve target of $22.95 billion last March, which Bangladesh could
BB sees gross violation of rules by NRBC Bank
Bangladesh Bank’s (BB) inspection team has found gross violation of banking rules by the NRB Commercial (NRBC) Bank Ltd., with its Chairman Pervez Tamal and Managing Director Golam Awlia at the helm of all these irregularities, official sources said. According to the inspection report, the bank’s MD & CEO signed an