Economy

China suspends economic accord with Australia

Shawdesh Desk: China said on Thursday it had suspended an economic agreement with Australia, in an apparent tit-for-tat response to Canberra’s scrapping a Belt and Road infrastructure pact and threat

Home textile: Exports soar 41.5pc in 9 months

Shawdesh Desk: Despite the Covid-19 pandemic and global economic slowdown, the demand for Bangladeshi home textile products has been rising in the global market owing to its quality and reasonable

Withdrawal limit from ATM extended to Tk1 lakh amid lockdown

Shawdesh desk: Bangladesh Bank on Monday extended the withdrawal limit from ATM booths to Tk1 lakh as all financial institutions including banks will remain shut during the weeklong strict lockdown.

Govt feels well over IMF’s latest growth projection: Kamal

Shawdesh desk: Finance Minister AHM Mustafa Kamal said the government is feeling well over the latest GDP growth projection by the International Monetary Fund (IMF) as it has upped its

Number of Japanese firms in Bangladesh up 4 times in 10 years

Shawdesh Desk: The number of Japanese companies operating in Bangladesh has increased around four times in 10 years as the government ensured better business climate for the foreign investors in

Bangladesh economy to see 3.6pc growth in 2021: WB

Shawdesh Desk: Bangladesh’s gross domestic product (GDP) will increase by 3.6 percent in 2021 supported by better than expected remittance inflows, the World Bank says in updated forecast. In its

Turkish lira falls 14pc after bank governor sacked

Shawdesh desk: Turkey’s currency has tumbled as much as 14% after President Recep Tayyip Erdogan sacked the country’s central bank governor over the weekend. Naci Agbal had been credited as

Bangladesh an economic powerhouse in South Asia: Rajapaksa

Shawdesh Desk: Terming Bangladesh an economic powerhouse of South Asia, Sri Lankan Prime Minister Mahinda Rajapaksa said his country has stood by Bangladesh to achieve greater freedom and prosperity. The