Mon, 18 Nov 2024, 07:59 am
Economy

Bangladesh’s GDP growth rate may overtake China in current fiscal

The latest report of the Internal Monetary Fund on Asia-Pacific region forecasts that Bangladesh’s GDP growth rate in the current fiscal year will overtake that of China. The report also

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BMW profits plummet, sales drop in first quarter

German automaker BMW reported on Thursday a sharp drop in first-quarter profits due to an accounting effect, while sales also slipped in Europe and China. Net profits fell 64 per

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Bangladesh-WB signs $2.25 billion loan deal for 5-dev projects

The World Bank (WB) has agreed to provide a loan of 2.25 billion US dollars to Bangladesh for its five development schemes on regional trade and connectivity, disaster preparedness and

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No export-import at Hili land port on May Day

On the occasion of International Labour Day (May Day), all activities including the import and export of goods between Bangladesh and India through Hili land port in Dinajpur have been

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ECB, IMF welcome EU proposals to revamp spending rules

The European Central Bank and the International Monetary Fund on Friday welcomed the EU’s proposals to overhaul its fiscal rules to boost growth, but the IMF called for more action. The EU’s

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BAT to pay over $600 million for violating North Korea sanctions

British American Tobacco has agreed to pay over $600 million to settle charges it sold cigarette materials to North Korea for years in violation of US sanctions, the United States

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Economists see hope in alternatives to US dollar

Economists have praised the move to adopt alternative currencies, such as the Indian Rupee and Chinese Yuan, in foreign projects and bilateral trade to ease the foreign exchange reserve. As

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Rise in remittance eases pressure on forex reserves

Bangladesh’s foreign currency reserve has experienced a slight respite due to the inflow of remittances ahead of Eid-ul-Fitr, with expatriates sending over $1.1 billion during the first 17 days of

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Many US-based clothing brands yet to join accord in Bangladesh: HRW

Human Rights Watch, in a report on Tuesday said that many clothing brands, mostly from the United States, had not joined the accord on health and safety in Bangladesh, a

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Bangladesh to import sugar from Malaysia at cheap price

Bangladesh government has decided to import sugar from Malaysia at comparatively low cost. The sugar will be sold at open market through TCB at low price. Cabinet Committee on Government

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