The country’s foreign exchange reserves are in rapid decline, with growing import payments being one of the main drivers behind this declining trend. Bangladesh Bank sold $3.75 billion from reserves in the first quarter (July-September) of the 2023-24 fiscal, mostly for the purpose of meeting the country’s import liabilities. At the end
Author: Times Report
UN chief urges urgent action to prevent conflict spillover
UN Secretary-General Antonio Guterres on Wednesday voiced grave concern over the escalating conflict in Israel and Gaza and stressed the need to prevent the violence from spreading into the wider region. The UN chief raised alarm over clashes along the Blue Line, the demarcation between Israel and Lebanon, as well as
US moving quickly to boost Israel’s military
Within hours of the horrific attack by Hamas, the U.S. began moving warships and aircraft to the region to be ready to provide Israel with whatever it needs to respond. A second U.S. carrier strike group departs from Norfolk, Virginia, on Friday. Scores of aircraft are heading to U.S. military bases
Four key India-Pakistan battles at World Cup
Arch-rivals India and Pakistan meet in a blockbuster clash at the World Cup on Saturday. AFP Sport takes a look at four key battles that could decide the eagerly-awaited contest at the world's biggest cricket stadium in Ahmedabad. - Rohit v Shaheen - India skipper Rohit Sharma has struggled against Shaheen Shah Afridi's
New Zealand prepare for Bangladesh’s spin threat
New Zealand captain Kane Williamson wants to stick to the process to deal with Bangladesh spin threat in their third game of the ICC Cricket World Cup in Chennai, a venue which historically favours spinners. Bangladesh have some quality spinners with the likes of Mehidy Hasan Miraz, Mahedi Hasan, Nasum Ahmed
VAR decisions could be broadcast live says FA chief exec
Football Association chief executive Mark Bullingham says the sport's authorities may examine whether VAR decisions could be broadcast live. The Premier League was rocked by the recent VAR blunder that saw Liverpool's Luis Diaz wrongly denied what would have been the opening goal in their 2-1 defeat at Tottenham. The error was
Bangladesh face off New Zealand to hit back in to winning way in WC
Union Bank holds inaugural ceremony of Foundation Training
Recently Union Bank Training Institute organized an inaugural ceremony of a 15 days long Foundation Training Course. Managing Director & CEO of Union Bank A. B. M. Mokammel Hoque Chowdhury was present as the chief guest at the program. He advised in his speech to trainees to work with professionalism
PREMIER BANK SIGNS AGREEMENT WITH BANGLADESH BANK
Premier Bank Limited has recently signed a Participation Agreement with Financial Sector Support and Strategic Planning Department (FSSSPD) of the Bangladesh Bank for availing refinance facility in US Dollar. Under this agreement, the exporters, enterprises and other manufacturing industries in the country may avail refinance funds for supporting their business.
MIDLAND BANK SIGNED PARTICIPATORY AGREEMENT WITH BANGLADESH BANK
Midland Bank Limited signed a Participation Agreement with Financial Sector Support and Strategic Planning Department (FSSSPD) of the Bangladesh Bank for availing refinance facility in US Dollars. The fund will be provided under "Bangladesh Bank – Long Term Financing Facility (BB-LTFF)" for facilitating long term financing for firms, mainly the