Sun, 24 Nov 2024, 07:12 am
Economy

IFC provides $50 million to Prime Bank to support Bangladesh’s trade, forex liquidity

To support export and import-based businesses to cope with global uncertainties brought on by the Covid pandemic, IFC is providing $50 million to Prime Bank Limited in Bangladesh. This IFC

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Buy gold, land as most reliable assets: BAJUS President

Bangladesh Jewellers Association (BAJUS) President Sayem Sobhan Anvir suggested people to buy gold and land as these two items are most reliable assets for future economic safety. He was addressing

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Govt should keep commercial gas price minimal: BGMEA

Despite the increased cost of liquefied natural gas (LNG) imports, the government can increase commercial gas price at a lower rate, apex body of apparel exporters said on Tuesday. “We,

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ADB predicts tourism in Asia-Pacific to rebound to pre-pandemic level by 2024

Tourism recovery in Asia and Pacific region has picked up speed and might rebound to the pre-pandemic level by 2024, according to a report released by the Asian Development Bank

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Shell reports highest profits in 115 years

Oil and gas giant Shell has reported record annual profits after energy prices surged last year following Russia’s invasion of Ukraine. Profits hit $39.9bn (£32.2bn) in 2022, double last year’s

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Adani is no longer Asia’s richest person: Forbes

Indian billionaire Gautam Adani on Wednesday lost his position as Asia’s richest person, as shares of his listed companies slide further while his empire fights allegations of serious fraud made

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Fake notes infiltrate banks, ATMs!

Lack of sophisticated detection devices and sheer negligence of authorities have enabled a quarter to inject fake notes into banks and automated teller machines (ATMs). Banks say they lack advanced

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Economy on brink of destruction as import of 330 luxurious goods goes unabated

Import of 330 luxurious goods continues putting the vital sectors and country’s economy in jeopardy. Bangladesh Tariff Commission earlier suggested for controlling import of unnecessary products to save foreign currencies

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Gold prices hover near 9-month peak

Gold prices held steady on Wednesday, hovering near a nine-month peak touched in the previous session on expectations of slower interest rate hikes from the U.S. Federal Reserve. FUNDAMENTALS *

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Bangladesh bleeding dollars for luxury imports

Despite the ongoing dollar crisis in the country, the import of luxury goods has not stopped. A significant amount of hard-earned foreign currency, specifically US dollars, is being spent unnecessarily.

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