Economy

Rise in exports, remittance eases dollar crisis

Shawdesh Desk: The Bangladesh economy has shown signs of improvement in overcoming the deepening dollar crisis caused by the Russia-Ukraine war, with an improvement in forex supply at banks. This

11 Bangladeshi auto mechanics get job in Japan

Shawdesh desk: Eleven auto mechanic students who graduated from Japan Automechanic School (JAS) in Dhaka, are all set to leave for Japan to start their professional career. These students received

ADB, IFC push Bangladesh for blue economy

Shawdesh desk: Asian Development Bank (ADB) and International Finance Corporation (IFC) are keen to facilitate Bangladesh’s blue economy. They proposed to finance commercial exploitation of vast resources in the Bay

World Bank agrees to finance for development of metro rail-centric communication

Shawdesh desk: The World Bank has agreed to provide fund for developing the metro rail-centric communication system, constructing walkways beside canals and procurement of electronic buses. It will provide support

Lebanese pound hits historic low of 100,000 to dollar

Shawdesh desk: The Lebanese pound sank to a historic low against the dollar on the parallel market Tuesday, the latest sombre milestone in an economic meltdown that has plunged most

Some directors behave like ‘owners’ of banks going beyond limit

Shawdesh Desk: Bangladesh Bank Governor Abdur Rouf Talukder said a section of directors in banks are considering themselves as ‘owners’ while other bankers facilitating the irregularities. “Ethics and good governance

Sri Lanka leader says IMF deal imminent after China’s pledge

Shawdesh desk: Sri Lanka’s president said Tuesday that China has given crucial debt restructuring assurances that mean the bankrupt Indian Ocean nation could get its $2.9 billion bailout package approved

Foxconn: iPhone maker sees revenue slump as demand weakens

Shawdesh desk: Apple’s biggest supplier Foxconn says its revenue last month fell by 11.65% compared to the same period in 2022 due to weaker demand for electronics. However, February revenue