New UK finance minister vows to power economy
New UK finance minister Rachel Reeves vowed Monday to immediately 鈥榝ix the foundations鈥� of Britain鈥檚聽economy, fuelled by onshore wind power and house building, after her...
Tags : ECONOMY
US jobs market sees gradual cooldown in June
US job gains eased slightly in June while unemployment edged up, government data showed Friday, in a sign that the world鈥檚 biggest聽economy聽is cooling steadily as policymakers hope...
Bangladesh to seek $7b from China to boost trade in business summit during PM鈥檚 visit
Bangladesh will host a trade and investment summit in Beijing during prime minister Sheikh Hasina鈥檚 upcoming state visit to China....
German industrial orders decline again in May
German factory orders fell for a fifth consecutive month in May, official data showed Thursday, the latest sign that the recovery in Europe鈥檚 biggest聽economy聽was struggling to gain momentum...
Blue economy crucial for Bangladesh鈥檚 growth: Speaker
Speaker Shirin Sharmin Chaudhury emphasised the critical role of the blue economy in Bangladesh鈥檚 economic growth and sustainable development during her speech at the 鈥業nternational Conference on Ocean Prosperity: Catalysing Blue Economy in Bangladesh鈥� held at the Bangabandhu International Conference Centre in the capital Dhaka on Wednesday...
Govt has horde of issues to mend to save economy from declining
THE shortage of the dollar that has persisted for more than two years has severely constrained the economy, with a deleterious impact especially on trade. Now, it is the shortage of the taka, or liquidity crisis, in banks that is said to be further constraining the economy. The situation has left the government in a tight spot...
Banks鈥� liquidity crisis puts Bangladesh's economy in red聽
The financial sector in Bangladesh is in the grip of a severe liquidity crisis, posing significant challenges to the economy.
Cement sheets can boost livestock, poultry production: experts
The use of cement sheets in the livestock and poultry sectors to combat heat stress could increase annual production of approximately Tk 12,000 crore, speakers highlighted at a seminar titled 鈥楪reen Construction: How Cement Sheet is Transforming Bangladesh鈥檚 Agricultural Economy鈥� held at the Economic Reporters鈥� Forum on Monday...
Passage of budget retains largely all ills opposed to and criticised
THE Finance Bill 2024 has been passed. But the budget for the 2025 financial year in its passage has retained a controversial provision that economists have always been opposed to. The passage of the bill has also failed to handle a few other issues that were considered beneficial for the economy...
ICCB executive board discusses ways to address challenges for Bangladesh economy
International Chambers of Commerce Bangladesh (ICCB) president Mahbubur Rahman has said since the Russia-Ukraine war broke out in February 2022, Bangladesh has been experiencing economic crisis due to escalated prices of global commodities since the country鈥檚 foreign currency reserves depleted fast amid higher import bills...
UK economic recovery improves as election looms
The UK聽economy鈥檚 recovery from recession was stronger than previously thought in the first quarter, official data showed Friday, partly lifting embattled prime minister...
IMF slightly downgrades US economic forecast for 2024
The IMF said Thursday it expects the US聽economy聽to grow a bit more slowly than previously forecast, while praising the way it has remained 鈥榬obust, dynamic, and adaptable to changing global conditions.鈥�...
Pakistan鈥檚 quest for political transformation
AS THE economy begins to matter more and more, Pakistan 鈥� the sixth-largest country in the world in terms of population 鈥� is in dire condition. With a debt-to-GDP ratio of 84.8 per cent 鈥� $278 billion in 2019 鈥� Pakistan is trapped in a vicious cycle where there is limited possibility of the economy improving if policies continue...
German economic recovery gaining strength: researchers
Leading researchers on Thursday said they were now more optimistic about this year鈥檚 outlook for the German economy, as lower inflation boosts...
China waits for economic plan as gloom reigns
Rows and rows of partially inhabited high-rises sprawl into the suburbs of the northern Chinese metropolis of Tianjin, their empty balconies emblematic of a slowing聽economy聽that has not kept pace with the country鈥檚 ambitions...
Bank sector needs overhaul to rescue economy
Economist Ahsan H Mansur on Wednesday said that the country鈥檚 economy would collapse if a strategy for restructuring the ailing banking sector was not taken straightaway...
Country heads towards unethical economy: economists聽
Speakers in a post-budget discussion on Monday said that the country was heading towards an unethical economy as corruption has been encouraged under...
Inflation unlikely to ease soon: Kholiquzzaman
Economist Qazi Kholiquzzaman Ahmad highlighted on Monday that Bangladesh鈥檚 economy was trapped in a 鈥榲icious circle,鈥� rendering inflation control policies ineffective, unlike the successes seen in Sri Lanka, India and Pakistan...
2nd Bangladesh Circular Economy Summit in Dhaka June 11
The second Bangladesh Circular Economy Summit will be held in Dhaka on June 11 in an effort to accelerate the momentum circularity in the apparel and textile industries of the country....
Reform urgent for economic recovery: SANEM
The South Asian Network on Economic Modeling (SANEM) has stressed the urgent need for reforms in the banking and revenue sector to steer the...
Perils and promise of emerging multipolar world
THE World Bank鈥檚 release on May 30 of its latest estimates of national output, up to the year 2022, offers an occasion to reflect on the new geopolitics. The new data underscore the shift from a US-led world economy to a multipolar world economy, a reality that US strategists have so far failed to recognise, accept or admit...
Most parties reject budget
Most of the political parties in the country rejected the proposed national budget for the financial year 2024鈥�25 on Thursday, saying that it was not pro-people and would rather encourage corruption...
Global stocks retreat, Mumbai tumbles 7pc
Stock markets fell Tuesday as investors worried that headwinds are gathering for the US聽economy, outweighing hopes that recent weak data would prompt the Federal Reserve to start cutting interest rates...
Govt must attend to a few issues to save economy
THE picture of the economy that the Centre for Policy Dialogue portrays in its report is alarming. While high and unchecked inflation, especially food inflation, has pushed millions of low- and fixed-income people into a difficult position, macro-economic mismanagement has put the economy in a tight spot...
Reset looms of unfit global monetary system
SINCE 2008, our world has been in a permanent crisis. There is, however, no consensus about the reasons for the constant presence of an economic crisis. Some think that during the past decade or so there have been several crises; others say that these are only different stages of the same crisis...
Bangladesh鈥檚 20 units get industrial dev award
Twenty industrial units under six categories have received 'President's Industrial Development Award-2021' for their outstanding contribution to the national economy.....
Science museum DG emphasises technology to stop marine pollution
National Museum of Science and Technology director general Muhammad Munir Chowdhury said that modern technology was needed to stop marine pollution...
BNP expresses concern over country鈥檚 economy
Accusing the government of creating a serious crisis through a lopsided election on January 7, BNP secretary general Mirza Fakhrul Islam Alamgir on Tuesday voiced concern that the country鈥檚 economic situation is now very 鈥榓larming鈥�...
UK economy exits recession
Britain has emerged from a short-lived recession with better-than-expected growth in the first quarter, official data showed Friday, boosting embattled prime minister Rishi Sunak before this year鈥檚 general election...
Philippine economy grows 5.7pc in Q1
The Philippine聽economy聽grew slightly less than expected in the first three months of the year, data showed Thursday, owing to persistent inflation and a widespread drought...