Economy

Govt to cut cost of ministries, save Tk 35bn in FY2023

Shawdesh Desk: The government plans to cut spending on less important areas under different ministries and save around Tk 35 billion in the upcoming fiscal year 2022-23. The saved amount

Shariatpur fish traders see huge prospects as Padma Bridge opens

Shawdesh desk: Fish traders of Shariatpur, one of the two districts connected by the Padma Bridge, are expecting that their business will boom as the much-awaited bridge opened to traffic

Central banks must act quickly on inflation, says BIS

Shawdesh Desk: Central banks must not let inflation become entrenched as the threat of stagflation looms over the global economy, the Bank for International Settlements warned Sunday in its annual

Sri Lanka banks on ‘Casino King’ to woo investors

Shawdesh desk: Cash-strapped Sri Lanka’s president Friday appointed the island’s biggest casino operator Dhammika Perera as Investment minister with responsibility over a Chinese-funded tax-free enclave in the impoverished South Asian

Bangladesh receives record $8.41 bn foreign loans in 11 months

Shawdesh desk: Bangladesh received a record USD $8.41 billion in foreign loans in 11 months of current FY2021-22, the Economic Relations Division said on Thursday. At current exchange rate the

Global inflation: Five ways US rate rise will affect you

Shawdesh desk: The US central bank has announced its biggest rate hike in nearly 30 years as it ramps up its battle to bring soaring consumer prices under control. It

Iran says Iraq repaid $1.6 bn of gas debt

Shawdesh Desk: Iran said on Thursday it has received $1.6 billion from Iraq to settle part of the debts it has sought from its neighbour since 2020 for the supply

Indexes show Bangladesh’s better performance in containing essentials price

Shawdesh desk: Bangladesh’s performance appeared better in containing price of essentials compared to its neighbours despite a worldwide inflation, largely caused by the global political crisis, a situation that emerged