Economy

Expatriate Bangladeshis sent home a record US$2.64 billion as remittances in December, which was around 32 per cent higher than the corresponding month of the previous year. The wage earners sent around $2 billion remittance to...

Singapore’s economy beat forecasts to grow 4.0 percent in 2024 despite a slowdown in the fourth quarter, preliminary government data showed on Thursday. The trade-reliant city-state’s economy accelerated from the 1.1 percent growth registered in 2023,...

For the first time, a woman is in charge of the financial sector after Syrian authorities named Maysa Sabreen as the country’s temporary central bank governor, a bank official told AFP on Tuesday. According to a...

Over 10 lakh income tax returns have been filed online, and over 16 lakh people have registered to file their returns online. The National Board of Revenue (NBR) claims that individual taxpayers can quickly and easily...

There was a record 18% rise in homelessness in the U.S. in the last year, driven by factors like unaffordable housing, high inflation, systemic racism, natural disasters and rising immigration, the U.S. Department of Housing and...

The UK will end a tax exemption for private schools on Wednesday, the centre-left Labour government has announced, in a move set to raise over o1.5 billion ($1.9 billion) for public education. After years of worsening...

Expatriate Bangladeshis sent over US$2.4 billion remittances during the first 28 days of December in the 2024-25 fiscal year. Of this, remittances through state-owned and specialised banks accounted for $782.27 million, while private banks received $1,631.36...

China revised upwards on Thursday the size of its economy by 2.7%, but said the change would have little impact on growth this year, as policymakers pledged more stimulus to spur expansion in 2025. Policy support...

The number of Americans filing new applications for jobless benefits dipped to the lowest in a month last week, consistent with a cooling but still-healthy U.S. labor market that is likely to keep Federal Reserve officials...

The International Monetary Fund said on Tuesday that it has reached a deal with Egyptian authorities allowing the country access to about $1.2 billion. The funding access is subject to executive board approval, reports BSS. “The...