Economy

Bank of Japan hikes main interest rate for first time in 17 years

Shawesh Desk: Japan’s central bank on Tuesday scrapped its negative interest rate policy and hiked borrowing costs for the first time in 17 years. “The Bank will encourage the uncollateralised

Prices of some commodities hike again

Shawdesh Desk: The prices of some of the essential commodities, including onion, potato, aubergine, tomato, broiler chicken, beef, and dates, witnessed a further rise at the start of the Muslim

Bangladesh invites international bids to explore offshore oil and gas

Shawdesh desk: Petrobangla, the oil, gas and mineral resources’ corporation of the country, has floated the offshore bidding, inviting international oil and gas companies to explore in the Bangladesh maritime

Gold price hits record high in international market

Shawdesh Desk: The price of gold reached an all-time high in the international market on Friday. The price of the safe-haven metal rose 0.4 percent in the spot market on

Egg, beef to be sold at low prices in Dhaka from 10 March: Minister

Shawdesh Desk: The government is taking an initiative to sell commodities like egg, broiler chicken, beef, and mutton at low prices in Dhaka from 10 March in view of the

WTO talks end with no major win

Shawdesh Desk: A high-level WTO conference ended on Saturday with a temporary extension of an e-commerce moratorium but no deals on agriculture and fisheries, throwing into doubt the effectiveness of

Govt for offshore banking to tackle dollar shortage

Shawdesh Desk: The government on Wednesday approved the ‘Offshore Banking, Bill 2024’ aimed at increasing the inflow of foreign currency against the backdrop of the prolonged financial crises affecting the

Govt cuts soybean oil price by Tk10 per litre

Shawdesh Desk: The government has reduced soybean oil prices by Tk10 per litre ahead of the holy month of Ramadan. The new rate will come into effect from 1 March,