Tue, 21 Jan 2025, 07:35 am
Economy

Bangladesh Bank announces 4 pc export subsidy on bicycle, cement sheet, and MS steel

Bangladesh Bank has announced 4 per cent cash subsidy on exporting cement sheet, bicycle and its parts, MS steel and tea to encourage exporters. The exporters of Specialized Zone (BEZA,

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Tesla share price falls after Elon Musk’s Twitter poll

Tesla shares have fallen by 4.9% after Twitter users voted in favour of boss Elon Musk selling 10% of his stake in the carmaker in order to pay tax, BBC

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Bad loans bite Bangladesh banks hard

In any country, a safe and sound banking system is the sine qua non of a strong economy. By channelising funds from savers to borrowers, banks help keep the wheels

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Foreign labour market shrinking

The foreign labour market for Bangladeshi workers is shrinking alarmingly and remittance has dropped significantly over the last few months due to the closure of several large labour markets and

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Tipu Munshi woos Canadian entrepreneurs to invest in Bangladesh

Commerce Minister Tipu Munshi, now in Canada, has said ample opportunities are there for Canadian entrepreneurs to invest in Bangladesh. The commerce minister came up with the remakes during a

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Country’s per capita income now stands at $ 2554

The average per capita income of people of the country has stood at $ 2554 at the end of the outgoing fiscal year (2020-2021), said Bangladesh Bureau of Statistics (BBS).

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Facebook to shut down face-recognition system, delete data

Facebook said it will shut down its face-recognition system and delete the faceprints of more than 1 billion people amid growing concerns about the technology and its misuse by governments,

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Hasina urges expatriates to invest more in Bangladesh

Prime Minister Sheikh Hasina has urged the expatriate Bangladeshis all over the world to invest more in Bangladesh as investment opportunities for them have increased in all sectors. “We’ll find

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Japan ruling coalition holds power as PM Kishida touts ‘trust’

Japan’s ruling coalition celebrated holding on to a strong majority in weekend elections, with Prime Minister Fumio Kishida hailing the results as a “big deal” for trust while saying he

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IMF head urges COP26 leaders to ramp up climate ambition

IMF chief Kristalina Georgieva on Sunday urged world leaders gathered at the COP26 summit in Glasgow to show greater policy ambition, calling climate change a “grave threat to macroeconomic and financial

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