Economy

Rising imports squeeze forex reserves

Shawdesh Desk: The country’s foreign exchange reserve dropped to $41.90 billion amid rising imports. Bangladesh Bank on Thursday paid $2.24 billion Asian Clearing Union (ACU) import bills for the March-April

Soybean oil still out of stores

Shawdesh Desk: Bottled soybean oil products have vanished from the market mysteriously despite a price hike of Tk 38 per litre last week. The wholesale merchants claim that the shortage

Nigerian airlines to halt domestic flights over jet fuel hikes

Shawdesh Desk: Nigeria’s airlines are to stop domestic operations from Monday in protest at the spiralling cost of jet fuel. It has risen almost fourfold this year, which was unsustainable,

TCB to expand edible oil sale at Tk 110 per litre from June

Shawdesh Desk: Apart from continuing the edible oil sale at Taka 110 per litre through Trading Corporation of Bangladesh (TCB) trucks, the corporation is going to expand the selling at

Farmers start harvesting Boro paddy with jubilation in Rajshahi

Shawdesh Desk: Farmers have started harvesting Boro paddy at present with festivity by dint of satisfactory yield in the region including its vast Barind tract. Now, most of the farming

Govt tightens grip on ADP allocation for FY23

Shawdesh Desk: The government is going to make conservative allocation on the Annual Development Programme (ADP) for FY23 considering the impact of corona on the economy, the Russia-Ukraine war and

Elon Musk says he’ll buy Coca-Cola next “to put the Cocaine Back in”

Shawdesh desk: After shaking up one of the world’s most prominent social media platforms and snagging Twitter for $44 billion in a bizarre hostile takeover on Monday, billionaire Tesla founder

Australian inflation hits 20-year high

Shawdesh Desk: Australia’s annual inflation rate hit 5.1 per cent in the March quarter, the highest recorded since 2001, according to official data released Wednesday. “The CPI recorded its largest