Economy
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Bangladesh Bank inks deal with 49 banks for Tk10,000cr export fund
Jan 30, 2023Bangladesh Bank (BB) today inked “Participation Agreements” with 49 commercial banks for Taka 10,000 crore Export Facilitation Pre-finance Fund (EFPF). The central bank formed the EFPF fund for exporters to continue the development and expansion of... -
Bangladesh’s London mission for increasing remittance flow legally
Jan 29, 2023A particular initiative has been initiated by the Bangladesh High Commission in London to improve the flow of remittances from the UK and Ireland through authorized routes. According to a news release, the high commission organized... -
IMF announces visit to crisis-hit Pakistan
Jan 28, 2023An urgently needed bailout scheme will be discussed in Pakistan by a delegation from the IMF next week, as a foreign exchange crisis has all but stopped imports. The South Asian country is in serious financial... -
World output growth projected to decelerate from an estimated 3.0 percent in 2022 to 1.9 percent in 2023, UN report says
Jan 27, 2023World output growth is projected to decelerate from an estimated 3.0 percent in 2022 to 1.9 percent in 2023, marking one of the lowest growth rates in recent decades, according to a UN report launched on... -
The Philippines’ economic growth beat expectations last year
Jan 27, 2023The Philippines’ economic growth beat expectations last year, fuelled by strong consumer spending despite rising consumer prices, officials said Thursday. Gross domestic product expanded 7.6 percent in 2022, the state statistics agency said in a briefing,... -
US media rocked by layoffs amid economic gloom
Jan 22, 2023US media institutions, from CNN to the Washington Post, have all announced layoffs this winter due to concerns about an impending economic collapse. Vox Media, the company behind the popular websites Vox and The Verge as... -
Sales of existing homes in the United States fell for the 11th straight month
Jan 22, 2023Sales of existing homes in the United States have fallen for the 11th straight month, with the past year logging the biggest annual drop since 2008, according to industry data released Friday. The slide came as... -
The managing director of the World Bank arrives in Dhaka
Jan 21, 2023Axel van Trotsenburg, the managing director of operations at the World Bank, made his first official trip to Bangladesh today and touched down in Dhaka. Van Trotsenburg will participate in a public event tomorrow in Dhaka... -
Japan’s consumer prices rose four percent in December from a year earlier
Jan 21, 2023Japan’s consumer prices rose four percent in December from a year earlier, a level not seen since December 1981, fuelled in part by higher energy bills, government data showed Friday. The acceleration came after a 3.7... -
Sri Lanka urged China and India to agree a write-down of their loans as soon as possible
Jan 12, 2023Sri Lanka’s central bank has urged China and India to agree a write-down of their loans as soon as possible. The crisis-hit Indian Ocean state defaulted on its debt repayments and negotiated a $2.9bn (£2.4bn) bailout....
