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Tags : ECONOMY


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Govt should renegotiate power deals early to save economy

THE capacity charge, which the government pays independent and rental power plants when they sit idle as a guarantee of returns on investment coupled with profits, is set to reach Tk 380 billion in the 2025 financial year.  This is a 46 per cent, or Tk 120 billion, increase on the capacity charge of Tk 260 billion that the government paid the power producers in the...

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Customs key to strengthening economy: Yunus

Chief adviser professor Muhammad Yunus hoped that the Bangladesh Customs would play a pioneering role in strengthening the country’s economic base and thus building an enriched state coffer...

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Taiwan economic growth accelerates in 2024

Taiwan’s economy expanded four times faster than the year before in 2024, government data showed Friday, thanks to global demand for the island’s high-tech exports.

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Teacher shortage in technical institutions unacceptable

A SERIOUS shortage of teachers in government technical and vocational educational institutions is unacceptable. It shows the government’s lack of commitment to a sector that has a high potential to contribute to the economy. About three-fourths of the sanctioned positions for teachers in government technical and vocational educational institutions have been...

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UK finance minister begins China visit

British finance minister Rachel Reeves began a visit to China on Saturday, seeking to revive dialogue with the world’s number two economy as UK borrowing costs soar.

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Farmers at a crossroads

AS AN agrarian nation, Bangladesh’s economy is deeply intertwined with the agricultural sector. Agriculture remains the primary source of income for many, with a significant portion of the population depending on it. According to Bangladesh’s 2018 Economic Survey, agriculture employs 40.6 per cent of the workforce and contributes 14.10 per cent to...

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German factory orders fall

German industrial orders fell 5.4 per cent in November, official data showed on Wednesday, in the latest sign of the headwinds facing Europe’s largest economy...

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Pvt sector credit growth plunges to 7.66pc

Private sector credit growth in Bangladesh fell sharply to 7.66 per cent in November, the lowest in 41 months, intensifying challenges in the banking sector and the broader economy...

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China says ‘determined’ to open up to world in 2025

China is ‘determined’ to continue opening up its economy to the world in 2025, a top economic planning official said Friday, as Beijing steels itself for potential trade turmoil when US president-elect Donald Trump takes office.

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Migrant workers and policy gaps

Migrant workers are one of the pillars of the economy of Bangladesh, which is one of the world’s largest sources of migrant labour. Millions of Bangladeshis work in different parts of the world, including the Middle East, Southeast Asia, Europe and America. Their remittances enrich the foreign exchange reserve and pull many families out of..

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Political turmoil shakes S Korea’s economy

After South Korea’s president and his replacement were both deposed over a failed bid to impose martial law, deepening political turmoil is threatening the country’s currency and shaking confidence in its economy.

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BB asks banks not to buy dollars over Tk 123 each

The Bangladesh Bank has requested certain banks not to purchase dollars above Tk 123, amid growing criticism of its poor oversight, which has driven the greenback’s price to an alarming Tk 128 against the taka.

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Foreign-born CEO says Japan needs immigration to thrive

The Indian-born head of one of Japan’s most famous snack brands has warned that the country must change its mindset and admit more immigrants to get the economy back to the glory of its boom years...

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German exports fall more than expected in October

German exports fell more than expected in October as demand from the United States slowed sharply, official data showed Friday, in more bad news for Europe’s biggest economy...

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UK economy shrinks again in Oct

Britain’s economy shrank for the second consecutive month in October, official data showed Friday, dealing a blow to the Labour government that has made economic growth a priority. 

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BBS begins economic census 2024 today

The Bangladesh Bureau of Statistics on Monday at a press conference announced that it would begin Bangladesh Economic Census 2024 today across the country to gain a detailed perception about the structural changes in the country’s economy...

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AL crony keeps raking in abnormal profit

One of the Awami League cronies, who made it to the recently published White Paper on economy for raking in abnormal profit, continues to do so with its business monopoly as a commercial independent power producer, while paying less for years for the gas it uses in its plants.

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Russian economy shows signs of slowdown, top banker warns

The Russian economy is showing ‘significant’ signs of a slowdown in some sectors as it grapples with waning growth and high inflation, the head of the country’s biggest lender warned Friday...

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Govt should pay teachers well to up quality of education

TEACHERS need to be paid well — well enough so that they can devote their time and energy to teaching without having to worry about the sustenance of the family. This is where the quality of education has suffered, with teachers continuing to go underpaid. Whilst the average salary of schoolteachers at the primary level, which lays the foundation...

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Unchecked corruption puts food security at risk

Unbridled corruption particularly in areas related to the agriculture sector has left the country’s food security in peril, the ‘White Paper on the state of Bangladesh economy’ has observed.

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White Paper finds systematic corruption in health sector

The White Paper on the State of Bangladesh Economy finds rampant systematic corruption in health sector through procurement and supply chain management, outsourcing of services, and career mobility of young doctors....

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Policy swings, corruption lead to forex market crisis

Regulatory mood swings and corruption during the Awami League regime created disorderly conditions in the foreign exchange market, which led the foreign exchange reserves declining to levels too low for comfort, according to the White Paper on the State of Bangladesh economy submitted to chief adviser Muhammad Yunus on Sunday...

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