Tue, 21 Jan 2025, 02:34 pm
Economy

Central banks must act quickly on inflation, says BIS

Central banks must not let inflation become entrenched as the threat of stagflation looms over the global economy, the Bank for International Settlements warned Sunday in its annual economic report.

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Sri Lanka banks on ‘Casino King’ to woo investors

Cash-strapped Sri Lanka’s president Friday appointed the island’s biggest casino operator Dhammika Perera as Investment minister with responsibility over a Chinese-funded tax-free enclave in the impoverished South Asian nation. The

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Bangladesh receives record $8.41 bn foreign loans in 11 months

Bangladesh received a record USD $8.41 billion in foreign loans in 11 months of current FY2021-22, the Economic Relations Division said on Thursday. At current exchange rate the amount is

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Global inflation: Five ways US rate rise will affect you

The US central bank has announced its biggest rate hike in nearly 30 years as it ramps up its battle to bring soaring consumer prices under control. It lifted the

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Iran says Iraq repaid $1.6 bn of gas debt

Iran said on Thursday it has received $1.6 billion from Iraq to settle part of the debts it has sought from its neighbour since 2020 for the supply of gas.

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Indexes show Bangladesh’s better performance in containing essentials price

Bangladesh’s performance appeared better in containing price of essentials compared to its neighbours despite a worldwide inflation, largely caused by the global political crisis, a situation that emerged when the

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BAJUS works in all dists for renovation of jewellery sector

Bangladesh Jeweller’s Association (BAJUS) leaders said the organisation is working in every district for renovating the sector under the leadership of its President Sayem Sobhan Anvir. They made the remarks

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Bangladesh becomes a major global fruit producer: Agri Minister

Agriculture Minister Muhammad Abdur Razzaque on Monday said Bangladesh is among the top ten countries in global fruit production. The fruit production rate in Bangladesh increased by 11.5 per cent

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Haval begins sales of locally produced Dargo crossover in Russia

China’s Great Wall has begun sales of its Haval Dargo crossover in the Russian market. The car, which has a 2-liter gasoline engine (192 hp), a semi-automatic transmission and two

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ADB approves $250mn for Bangladesh social resilience programme

The Asian Development Bank (ADB) on Thursday approved a $250 million policy-based loan to support social protection reforms in Bangladesh designed to protect vulnerable population against socioeconomic challenges. The loan

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