Economy

Govt sets export target of $67 billion for FY23

Shawdesh Desk: Bangladesh has set an ambitious export target of $67 billion for goods and services for the current fiscal year. This target, announced by Commerce Minister Tipu Munshi on

Dollar crisis deepening

Shawdesh Desk: Even after some preventive measures taken by the government, the local currency taka has continued its free fall against the greenback on the back of acute US dollar

Govt to extend tenure of 4 costly rental plants again

Shawdesh Desk: The government is likely to extend tenure of four costly oil-based rental power projects having combined capacity to generate 300MW of electricity amid BPDB’s non-payment of $1.7 billion

CAB urges govt to readjust edible oil prices

Shawdesh desk: Consumers Association of Bangladesh (CAB) has urged the government to readjust edible oil prices in the country following their continuous downward trend in the international market. SM Nazer

Gas supply to power plants falls to four-year low

Shawdesh desk; Natural gas supply to power plants has dropped to four-year low as Bangladesh suspends import of around 250mmbtu Liquefied Natural Gas (LNG) from costly international market. In 2019,

Dollar-Euro parity may affect Bangladesh’s export income

Shawdesh desk: Bangladesh’s export income is likely to be affected by the increasing dominance of the US dollar over the Euro, forcing the European buyers to devalue their orders to

Buying of salted rawhides starts Thursday

Shawdesh Desk: A total of 154 tanneries across the country will start buying salted rawhides from Thursday. Shahin Ahmed, Chairman of Bangladesh Tanners Association (BTA) and also Director of Federation

Elon Musk pulls out of $44bn deal to buy Twitter

Shawdesh Desk: Elon Musk is seeking to end his $44bn (£36bn) bid to buy Twitter, alleging multiple breaches of the agreement. The announcement is the latest twist in a long-running