Bangladesh Bank has formed a special refinancing fund of Tk 1000 crore for the development of rural and local industries of the country. Entrepreneurs will get loan facility at maximum 5 percent interest from this fund. The central bank has issued a circular in this regard on Monday. According to the circular, a green transformation fund of Tk 5000 crore has been formed to increase the pace of sustainable growth in export and production-oriented industries to establish an environment-friendly and sustainable economy in the country. From this fund, eligible customers have the facility of refinancing capital equipment and parts in…
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Power, Energy and Mineral Resources Minister Iqbal Hasan Mahmud has announced plans to generate 5,000 megawatts of electricity from solar energy in the next five years. Highlighting the government’s goodwill on solar power, the minister said that Prime Minister Tariq Rahman raised the issue of solar power in his second cabinet meeting after taking charge. He asked us for a specific plan on how to increase solar power generation. He said these things at a seminar organized by Dhaka Center on the occasion of the 78th founding anniversary of Engineers Institution, Bangladesh (IEB) in Dhaka on Monday afternoon. President and…
The Iran war has entered its third month. And China is learning from this war. The country is getting an opportunity to observe how the US military capabilities work in the face of war. CNN spoke to various experts from China, Taiwan and other places. They warned China of its lack of understanding of its own power, lack of experience, and clinging to a very narrow view of the Iran war and its consequences. Fu Qianshao, a former colonel in China’s air force, said his main realization from the fighting so far is that the People’s Liberation Army cannot forget…
The ‘Gold Card’ program launched by President Donald Trump with the promise of the fastest permanent residence (residency) in the United States is falling apart. This card worth 1 million dollars has failed to attract the world’s millionaires and billionaires, according to a report by the American media CNBC. At the launch of this visa program in December last year, its official website promised to confirm the US residency within ‘record time. But a document submitted to the court recently shows that despite spending this huge amount of money, there is no guarantee of getting a visa quickly. The number…
Two Bangladeshi expatriates were killed in an Israeli airstrike in southern Lebanon. Both the deceased are residents of Satkhira. The attack took place at their residence in Jibdin area of Nabatiyeh district on Monday (May 11) afternoon. The deceased are Shafiqul Islam and Md. Nahidul Islam. Shafiqul Islam’s house is in Bhaluka Chandpur area of Satkhira Sadar. His father’s name is Afsar Ali and mother’s name is Azeya Khatun. On the other hand, Nahidul Islam’s house is in Kadakati area of Asashuni. His father’s name is Abdul Quader and mother’s name is Nurunnahar Khatun. This information was informed in a…
At least 40 people have died in southern Spain after a high-speed train derailed and collided with an oncoming one on Sunday night in one of the worst railway accidents in Europe in 80 years. Twelve were in intensive care after the accident near Adamuz in the province of Cordoba, about 360 km (223 miles) south of Madrid, according to emergency services. Experts say a faulty rail joint might be key to determining the cause of the crash. “The train tipped to one side… then everything went dark, and all I heard was screams,” said Ana Garcia Aranda, 26, who…
The United Nations Development Programme will move close to 400 staff from its New York headquarters to Germany and Spain, it said late on Monday, following funding cuts by the United States. “The move is part of an ongoing effort to adapt to an evolving financial and development landscape, strengthen partnerships, and maximize UNDP’s ability to support the world’s most vulnerable people,” the organisation said. Germany’s Foreign Minister Johann Wadephul said in a separate release that the move, which will be carried out over two years, shows confidence in German diplomacy as “the UN system and multilateral principles are under…
The International Monetary Fund again edged its 2026 global growth forecast higher on Monday as businesses and economies adapt to US tariffs that have eased in recent months and a continued AI investment boom that has fueled asset wealth and expectations of productivity gains. The IMF in its World Economic Outlook update forecast global GDP growth at 3.3 percent in 2026, up 0.2 percentage point from its last estimate in October. That’s even with 3.3 percent growth in 2025, which will also beat the October estimate by 0.1 percentage point, the IMF said. The global crisis lender forecast 2027 growth…
We had a cordless landline telephone in the house. Whenever it rang, I would run over and check the tiny screen for the number. From the number alone I would try to figure out who it was. Then I would pick up the phone and see whether I got it right. Like most kid’s games, ‘Guess Who Called’ wasn’t the most complex or deep. Still, I remember how proud I was at being correct most of the time. Even when I got it wrong and belted out a cheery hello to the wrong person, it felt like learning something and…
A love note, a gladiatorial combat scene, a barrage of insults and everyday confessions have emerged on a wall in Pompeii, thanks to new imaging technology that has revealed nearly 80 previously unseen inscriptions. The once-thriving city of Pompeii, near Naples, was buried in the eruption of Mount Vesuvius in AD 79, preserving buildings, objects and graffiti under metres of ash. Rediscovered in the 18th century, it is now one of the world’s most significant archaeological sites. The latest discoveries were found etched into the plaster of a long corridor connecting Pompeii’s theatres to the city’s busy Via Stabiana that…