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Lessons from Bangladesh’s tussle with Adani Power
“Did you hear that Adani is refusing to supply Bangladesh with electricity?” a friend asked me recently. I knew it was a loaded question, my friend being a nationalist. “You recall wehad no power because we couldn’t pay for shiploads of fuel and coal just a few years back?” I asked back.
ISPR requests not to get misled by rumours over security of St. Martin’s
Inter Services Public Relation Directorate (ISPR) has urged all not to be misguided by rumours spreading through social media over the security of St. Martin’s island centering Myanmar's ongoing internal conflict near the island.
Multifaceted pressures on country's economy
The inflation rate in government surveys is nearing 10 percent. Middle and lower-income groups are struggling to cope with rising expenses. The devaluation of money is rampant, with the exchange rate of the dollar being misused. Over the past three years, the value of the dollar has increased by 30 taka. Alongside a decline in revenue in several key sectors, there's an active stream of income from expatriates, affecting the country's foreign currency reserves
Dollar price in open market Tk125
Just a day after the central bank fixed the dollar price at Tk 117 using crawling peg method, the exchange rate of a dollar in the open market today (May 9) has skyrocketed to Tk 125, increasing by Tk 7 per dollar.
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