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Tags : 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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Rethinking growth

BANGLADESH’S recently released white paper on the economy provides an open and detailed examination of the nation’s economic progress and drawbacks. It is an urgent call to action for reform, accountability and inclusive development that benefits all citizens...

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Govt has arduous job to put economy back in shape

THE white paper on the state of the Bangladesh economy that a 12-member committee formed by the interim government has come up with presents a more appalling picture of the economy during the Awami League regime than was feared. The white paper, in short, has shed light on the dark side of the development narrative that the Awami League government, toppled by a student-mass uprising...

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SMEs hamstrung by limited access to finance over past decade

Limited access to finance has been one of the major challenges for small and medium enterprises over the past decade in Bangladesh, as banks generally favour larger and well-established companies in the country, according to the draft White Paper on the State of Bangladesh Economy submitted to chief adviser Muhammad Yunus on Sunday...

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Bangladeshi people express concern over price hike: VoA survey

Many people in Bangladesh believe that the interim government has faced challenges in managing the rising prices of essential commodities compared to the previous Awami League government, says a survey conducted by Voice of America Bangla...

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S&P maintains France economy rating and outlook

Ratings agency S&P on Friday maintained its grade for the French economy saying the outlook was ‘stable’ despite the European country’s debt mountain and political troubles...

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Economy recovering, but challenges remian: MCCI

Bangladesh’s economy has been gradually recovering from the recent political instability in the first quarter of the 2024-25 financial year, but, several challenges such as high inflation, reduced export activity, shortfall in revenue collection, diminished job opportunities and sluggish investment climate need to be addressed, said the Metropolitan Chamber of Commerce and Industry, Dhaka...

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Urgent economic matters warrant govt priority

THE interim government has been in power for almost three months. If this government stayed only for three months, it would not need to worry about the economy. But it...