Sun, 24 Nov 2024, 05:38 pm
Economy

The gas war between Russia and the West

Natural gas has emerged as a weapon of war between Russia and Europe since Moscow’s February 24 invasion of Ukraine. Here is how the stand-off developed: – Nord Stream 2 halted –

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Govt may approve costly $3.1bn loan as forex reserves shrink

The government is likely to approve a costly $3.1 billion non-concessional loan to mostly support fuel imports and ease the pressure on foreign reserves and the balance of payment. The

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No chance of fuel crisis as Bangladesh has diesel stocks for 32 days, jet fuel stocks for 44 days

Chairman of Bangladesh Petroleum Corporation (BPC) ABM Azad on Wednesday said that there is no chance of a fuel crisis in Bangladesh as the country has enough diesel and jet

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Imported inflation doubled amid soaring dollar value

The country’s economy has been facing unexpected imported inflation which almost doubled due to the rising US dollar value that traded at Tk 112 per unit in the open market

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The Mobile Phone Is Asia’s Hedge Against the Dollar

Currency values fluctuate all the time, but some changes leave a lasting impression on the banking industry. In the Bretton Woods-era of fixed exchange rates, the 1967 devaluation of the

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Power crisis will not last long: Nasrul Hamid

State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said the ongoing power cuts in the country will not last long. “We’re sorry to our consumers for the

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Govt sets export target of $67 billion for FY23

Bangladesh has set an ambitious export target of $67 billion for goods and services for the current fiscal year. This target, announced by Commerce Minister Tipu Munshi on Wednesday, shows

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Dollar crisis deepening

Even after some preventive measures taken by the government, the local currency taka has continued its free fall against the greenback on the back of acute US dollar crisis in

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Govt to extend tenure of 4 costly rental plants again

The government is likely to extend tenure of four costly oil-based rental power projects having combined capacity to generate 300MW of electricity amid BPDB’s non-payment of $1.7 billion electricity bills.

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CAB urges govt to readjust edible oil prices

Consumers Association of Bangladesh (CAB) has urged the government to readjust edible oil prices in the country following their continuous downward trend in the international market. SM Nazer Hossain, Vice-President

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