Economy

Chinese factories boom while Japan’s are in reverse

Shawdesh desk: Manufacturers in Asia’s two biggest economies are performing very differently after the pandemic. Factory activity in China expanded last month at the fastest pace in more than a

Remittance hits $1.33bn in 24 days of Feb

Shawdesh Desk: In a positive development for the economy, Bangladesh has maintained healthy growth in foreign remittance inflow, which is expected to somewhat alleviate the dollar crisis. The latest data

Remittance hits $1.05bn in 17 days of February

Shawdesh desk: Despite global economic crisis, Bangladeshi expatriates have continued sending home remittances, providing a boost to the economy amidst a shortage of dollars. Bangladesh received over $1.05 billion or

Energy firms not doing enough to cut methane: IEA

Shawdesh Desk: Oil and gas companies are not doing enough to cut methane emissions the International Energy Agency (IEA) said Tuesday, despite high energy prices making abatement measures mostly pay

Anxiety over mysterious bank loans

Shawdesh desk: #Thousands of crores of taka released in the name of grocers and betel leaf salers #Banking experts want strong position of Bangladesh Bank The directors of various banks

Govt to procure 33.60 lakh MMBtu LNG, 1.10cr litres soybean oil, 8,000 MTs lentil

Shawdesh Desk: The Cabinet Committee on Government Purchase (CCGP) approved separate proposals for procuring some 1 cargo or 33.60 lakh MMBtu LNG from the spot market, 1.10 crore litres of soybean

IFC provides $50 million to Prime Bank to support Bangladesh’s trade, forex liquidity

Shawdesh desk: To support export and import-based businesses to cope with global uncertainties brought on by the Covid pandemic, IFC is providing $50 million to Prime Bank Limited in Bangladesh.

Buy gold, land as most reliable assets: BAJUS President

Shawdesh Desk: Bangladesh Jewellers Association (BAJUS) President Sayem Sobhan Anvir suggested people to buy gold and land as these two items are most reliable assets for future economic safety. He