Economy

Bangladesh-WB signs $2.25 billion loan deal for 5-dev projects

Shawdesh desk: The World Bank (WB) has agreed to provide a loan of 2.25 billion US dollars to Bangladesh for its five development schemes on regional trade and connectivity, disaster

No export-import at Hili land port on May Day

Shawdesh desk: On the occasion of International Labour Day (May Day), all activities including the import and export of goods between Bangladesh and India through Hili land port in Dinajpur

ECB, IMF welcome EU proposals to revamp spending rules

Shawdesh desk: The European Central Bank and the International Monetary Fund on Friday welcomed the EU’s proposals to overhaul its fiscal rules to boost growth, but the IMF called for more action.

BAT to pay over $600 million for violating North Korea sanctions

Shawdesh desk: British American Tobacco has agreed to pay over $600 million to settle charges it sold cigarette materials to North Korea for years in violation of US sanctions, the

Economists see hope in alternatives to US dollar

Shawdesh desk: Economists have praised the move to adopt alternative currencies, such as the Indian Rupee and Chinese Yuan, in foreign projects and bilateral trade to ease the foreign exchange

Rise in remittance eases pressure on forex reserves

Shawdesh desk: Bangladesh’s foreign currency reserve has experienced a slight respite due to the inflow of remittances ahead of Eid-ul-Fitr, with expatriates sending over $1.1 billion during the first 17

Many US-based clothing brands yet to join accord in Bangladesh: HRW

Shawdesh desk: Human Rights Watch, in a report on Tuesday said that many clothing brands, mostly from the United States, had not joined the accord on health and safety in

Bangladesh to import sugar from Malaysia at cheap price

Shawdesh Desk: Bangladesh government has decided to import sugar from Malaysia at comparatively low cost. The sugar will be sold at open market through TCB at low price. Cabinet Committee