Economy

Amazon pledges billions for affordable homes in US

Shawdesh desk: Amazon has become the latest US tech giant to pledge billions of dollars to support affordable housing. The e-commerce giant said it was starting a fund of more

Tk 148bn stimulus packages likely in FY ’22

Shawdesh desk: The government is likely to allocate Tk 148 billion for new stimulus packages in 2021-22 fiscal to fend off the impact of coronavirus pandemic. The size of the

Economy braces for new challenges in 2021

Bangladesh’s economy achieves progress despite corona · GDP growth still better than many countries · Export diversification vital for sustaining growth Bangladesh has faced major economic challenges in 2020

Flashback in Outgoing 2020: Corona hits hard RMG sector

Shawdesh Desk: The ready-made garment (RMG) sector, the lifeline of the country’s exports, has faced its toughest year in 2020 as the entire apparel supply chain collapsed due to the

India lifts ban on onion export

Shawdesh desk: India withdrew its ban on onion export on Monday, nearly three and a half months after imposing it abruptly which sent the commodity’s price through the roof in

Remittance keeps economy strong amid corona

Shawdesh desk: Bangladesh’s economy saw robust growth in remittance inflow as expatriates have sent a record $21 billion in remittance so far in 2020 despite the global economic meltdown caused

Agent banking deposits hit Tk 137bn

Deposit collection through the agent banking outlets has exceeded Tk 137.47 billion in October 2020, up from Tk 65.05 billion in October 2019, according to Bangladesh Bank (BB) data. After

Bangladesh, India can jointly offer tough race for global competitors in textile business: Shahriar

Shawdesh Desk: State Minister for Foreign Affairs M Shahriar Alam on Saturday said Bangladesh and India can offer a tough race for other competitors in global textile business considering India