Economy

World food price dips during Dec: FAO

Shawdesh desk: The benchmark for world food commodity prices declined in December compared to the previous month, led down by a drop in international sugar quotations, the Food and Agriculture

LOOKING BACK 2024: Exports follow RMG-dependent, low diversification patterns

Shawdesh dEsk: Bangladesh’s export sector in 2024 has reflected a mixed bag of performance, marked by fluctuations, but the sector has largely followed its traditional patterns — heavy dependency on

10 banks struggling, 10 business groups face the heat

Shawdesh desk: Ten banks in the country are facing a severe crisis, driven by collusion among bank directors, top executives, nepotism, corruption, politically motivated decisions, and “media trials,” all of

Liquidity support for weak banks: BB under pressure

Shawdesh desk: The emergency liquidity support to scam hit banks against the backdrop of high presence of printing money in the economy due to record borrowing by the ousted Awami

Deposits in poors’ bank accounts drop

Shawdesh Desk: Deposits in the bank accounts of the extreme poor declined in September, driven by rising inflation and the continuous devaluation of the local currency. According to Bangladesh Bank’s

BB asks banks not to buy dollars over Tk 123 each

Shawdesh Desk: The Bangladesh Bank has requested certain banks not to purchase dollars above Tk 123, amid growing criticism of its poor oversight, which has driven the greenback’s price to

Bangladesh’s forex reserve surges by $1.5b in 22 days

Shawdesh Desk: Bangladesh’s gross foreign exchange reserves, calculated following the International Monetary Fund’s guidelines, have risen by $1.5 billion in 22 days. As per Bangladesh Bank data, the reserves stood

Two agreements worth $900 million signed with World Bank

Shawdesh Desk: Bangladesh and the World Bank signed two financing agreements totaling $900 million on Sunday to help the country achieve environmental sustainability, climate resiliency, including in urban infrastructure, and