Economy

World Bank cancels loan for controversial Lebanon dam

Shawdesh Desk: The World Bank on Friday said it was canceling a loan to fund a dam in Lebanon that environmentalists claimed could destroy a valley rich in biodiversity. The

Bangladesh receives $1.96 billion remittance in August

Shawdesh Desk: Expatriate Bangladeshis sent around US$1,963.94 million remittance during the month of August in the fiscal 2020-21 which is the second highest in the country’s history, according to the

Forex reserves hit record $39.4 billion

Shawdesh Desk: The country’s foreign exchange reserves exceeded the $39 billion-mark for the first time on Tuesday thanks to continued positive trend in remittance inflow. In the first 27 days of

Govt spending Tk 3,280cr to protect coastal areas

Shawdesh desk: The government is constructing 139 polders in the coastal belt to protect the areas from tidal surges and floods, State Minister for Water Resources Zaheed Farooque said Saturday.

US proposes to hold TICFA int’l meeting every three to four months

Shawdesh dEsk: The United States (US) has proposed to hold the Trade and Investment Cooperation Forum Agreement (TICFA) International meeting in every three to four months to increase trade and

Brexit: UK hopeful of EU trade deal next month, says No 10

Shawdesh desk: The UK still believes it can agree a post-Brexit trade deal with the EU next month, according to Downing Street. The PM’s spokesman said UK negotiators

‘Don’t be complacent’: Economists about robust remittance inflow

Shawdesh Desk: The record inflow of remittance in the last two months should not give any sense of complacence for Bangladesh as the situation in overseas labour market remains fluid

US sees manufacturing growth ahead of Fed meeting, GDP data

Shawdesh desk: The Federal Reserve is set to meet this week ahead of a key GDP estimate as new data shows recovery in US manufacturing, although surging coronavirus cases threaten