Economy

US adds Switzerland to currency monitoring list, eyeing China

Shawdesh desk: None of the United States’ major trading partners has been designated as manipulating its currency — including China — the Treasury Department said Friday, although Switzerland was added

Summit Oil and Shipping to build third LNG terminal in Bangladesh

Shawdesh desk: The cabinet committee on economic affairs in a meeting on Wednesday agreed in principle with a proposal to establish the third liquefied natural gas terminal by Summit Oil

5kg rice to be added to TCB card: Tipu

Shawdesh Desk: Commerce Minister Tipu Munshi today said that each of the one crore family card holders under the state-run Trading Corporation of Bangladesh (TCB) would be provided 5 kilograms

Canada unemployment rises for first time in nine months

Shawdesh desk; Canada shed 17,000 jobs in May, pushing up for the first time in several months the unemployment rate to 5.2 percent, the national statistical agency said Friday. The

Persistent inflation, rising interest rates will weigh on global economy, OECD predicts

Shawdesh desk; The global economy must steer through a precarious recovery this year and next as inflation keeps dragging on household spending and higher interest rates weigh on growth, banks

Industries hit hard by energy crisis

Shawdesh desk: Businesses are struggling to continue the operation of manufacturing units as an energy crisis and frequent power outages hit the industrial sector across the country. From apparel to

Budget to address inflation, crisis

Shawdesh Desk: A larger national budget is going to be announced for the fiscal year 2023-24 amid external economic shocks, which aims for maintaining a healthy growth along with low

Bad loans surge to Tk 1.31trn for lax governance

Shawdesh desk: The banking sector faces a surge in non-performing loans (NPLs), reaching a staggering Tk 1.31 trillion. This increase of Tk 109.64 billion in the first quarter of the