Maiden wind power project in private sector The government yesterday approved a proposal to set up a 55-megawatt wind power plant in Bagerhat, a move that may give a much-needed fillip to its efforts to tap the country’s unrealised renewable energy potential.The cabinet committee on purchase gave its consent to
Read MoreJapan approves $700b stimulus package Japan’s government on Tuesday approved more than $700 billion in fresh stimulus to fund projects from anti-coronavirus measures to green tech, the country’s third such package this financial year. The Covid-19 pandemic has wrought global economic carnage and countries across the world have announced massive
Read MoreStocks keep soaring amid rising confidence Stocks extended the winning streak for the fifth straight session on Monday as the buoyant investors continued their appetite on large-cap issues amid investors’ growing confidence in the market. DSEX, the core index of the Dhaka Stock Exchange (DSE), went up by 29.10 points
Read MoreBig companies ‘in queue’ to go public Some big companies would go public as few of those were waiting for necessary approval and others taking preparation. Presently, a good number of companies such as Rupali Bank, Union Bank, NRB Global, and Omera Petroleum were in the pipeline.The capital market experts
Read MoreBanks have to set aside more funds to absorb shocks Banks will have to keep aside more funds in provision than they usually maintain to make them well-equipped so that they can absorb shocks from any increase in bad debts caused by the business slowdown in the coming year.Banks now
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