Economy

The Nobel Memorial Prize in Economic Sciences has been awarded to American economist and historian Claudia Goldin. Goldin “provided the first comprehensive account of women’s earnings and labor market outcomes throughout the centuries,” according to the...

Loan defaults increased by Tk 244.19 billion between April and June, totaling Tk 1.56 trillion (156,039 crores) by the end of June. Of the disbursed loans in the banking industry, these defaulted loans account for 10.11%....

Expatriate Bangladeshis sent around US$1,343.66 million remittances during the month of September in the fiscal 2023-24. As per Bangladesh Bank (BB) available data, state-owned banks brought in $118.66 million while 43 private sector banks brought $1,184.84...

New guidelines with a specified maximum rate have been implemented by Bangladesh Bank to decide the price of the dollar in the future (forward rate). According to these rules, the bank may charge a maximum of...

The New Development Bank (NDB), which is governed by the BRICS, will lend money to Bangladesh for the first time. The bank will provide USD 325 million, or roughly Tk 35 billion at the current market...

The European Bank for Reconstruction and Development on Wednesday said it expected Russia’s economy to grow in 2023 thanks to rising oil prices, having forecast a contraction earlier this year. The EBRD expects growth of 1.5...

The International Monetary Fund (IMF) stated on Wednesday that Sri Lanka has made excellent progress in carrying out challenging but essential reforms, adding that these efforts are paying off as the economy is exhibiting hesitant signs...

According to Russian Permanent Representative to the UN Vasily Nebenzya, Ukraine received more than $1.8 billion in UN help this year, which is $1 billion more than Afghanistan did. “Remarkably, Ukraine still ranks first in terms...

While battling persistently high inflation, the European Central Bank increased a key interest rate to a record high on Thursday, but it also hinted that its long-standing cycle of rate increases might be coming to an...

LPG has gained wide popularity as an environment-friendly alternative in Bangladesh as well as around the world. In addition to the government, the role of the private sector is also significant in the development of this...