Economy

China’s economy hits target despite uneven recovery

Shawdesh desk: China’s economy for the October-December quarter grew at a quicker rate, allowing the Chinese government to hit its target of about 5% annual growth for 2023 even though

World’s richest five men double fortune since 2020, says Oxfam

Shawdesh desk: The world’s wealthiest five men have more than doubled their fortune since 2020, the charity Oxfam said on Monday, as it called on nations to resist the ultra-rich’s

RMG owners want continuation of policy support from new govt

Shawdesh desk: The country’s readymade garments (RMG) and textile businessmen would like to get policy support from the new government like previous years, and relief from tax and customs harassments

China’s BYD overtakes US electric vehicle giant Tesla

Shawdesh desk: China’s BYD has overtaken US electric vehicle giant Tesla as the world’s leading EV deliverer, according to recent sales figures. Here’s what you need to know about the

Bangladesh fails to meet IMF’s forex reserves target in 2023

Shawdesh desk: Despite relaxed conditions for net reserves by the International Monetary Fund, Bangladesh could not meet the foreign exchange reserves target at the end of 2023. According to the

BGMEA chief terms Guardian article on Bangladesh’s RMG workers as offensive

Shawdesh desk: A recent article published by The Guardian, framing the lives of female garment workers in Bangladesh between factory and brothel, is not only offensive but also a gross

Sri Lanka increases taxes ahead of foreign debt deal

Shawdesh desk: Sri Lanka slapped a new 18 percent value added tax on fuel, mobile phones and computers from Monday to raise desperately needed revenue ahead of a foreign debt

Prices of vegetables, garlic go up

Shawdesh desk: The prices of vegetables, onion and garlic went up while the prices of rice, atta, edible oil and sugar remained high on the kitchen markets in the capital