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Banks managed to post 8.95 per cent credit growth in the last fiscal year despite a steep fall in business in the last quarter owing to the coronavirus pandemic.
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Development expenditure dropped 10.18 per cent year-on-year to Tk 5,097.79 crore in August as activities are yet to pick up because of the lingering coronavirus pandemic.
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The government yesterday gave its nod to a proposal to set up the country’s first ever waste-based power plant.
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Government projects tend to witness increases in implementation costs for a myriad of reasons, including changes in design and land prices and tendering delays.
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Bangladesh might have already started rebounding from the persisting coronavirus pandemic as the Asian Development Bank said the economy would see a gradual recovery in the first two quarters of the fiscal year.
