Biz World
Biz World
Gold falls on strong US dollar
Industry Desk: Gold futures on the COMEX division of the New York Mercantile Exchange fell yesterday as the U.S. dollar strengthened.The most active gold contract for December delivery fell 16.80 U.S. dollars, or 0.87 percent, to close at 1,919.80 dollars per ounce.U.S. dollar index has risen to 10-month high, and…
Read More »Asylum applications in Europe increasing rapidly
Bangladeshis are ahead Batan Biswas, Swden: In the first six months of this year, the number of asylum seekers in the European Union (EU) increased by 28 percent compared to last year. In this case Bangladeshis are number six among the top applicants. These data are revealed in the statistics…
Read More »Dollar being sold at highest price
Syed Nasir Hossain: The dollar crisis is still evident in commercial banks. This crisis has been going on for almost a year and a half. Various measures to increase the supply of dollars are not working. Meanwhile, banks are struggling to meet outstanding loans and import expenses. As supply falls…
Read More »Teesta project to change northern economy
India main barrier to implement Special Correspondent: Demands for the implementation of the Teesta Master Plan have emerged strongly from the leaders of various parties. They think that Sheikh Hasina, as the daughter-in-law of Rangpur, will announce the fulfillment of the long-standing demands of the people of this region today.…
Read More »Indian rice export ban may lead to global food shortage
Asifiqbal Thakoor: India has banned the export of rice, an essential food product for billions of people around the world. This could lead to global food shortages. British media BBC reported this information in a report yesterday.On July 20, India banned the export of non-basmati white rice. Basically, the country…
Read More »Rising RMG exports to new markets
A real boon to economy Staff Correspondent: Rising apparel shipments to non-traditional markets offer a new ray of hope for the country’s export sector amid the global economic crisis.Despite falling global demand and an energy crisis, Bangladesh witnessed a 10 percent growth in RMG exports in FY23, with increased exports…
Read More »US$ losing dominance in international business
Mahfuja Mukul: The dominance of the dollar in world trade transactions is waning. The dollar’s share of global reserves is also declining. As the value of the dollar rose sharply, import costs and external liabilities of many countries increased. In this situation, many countries are now trying to use alternative…
Read More »JICA committed total 331 b Yen across 5 crucial projects
Industry Desk: The Japan International Cooperation Agency (JICA) has reported that during the Japanese Fiscal Year 2022, spanning from April 2022 to March 2023, both its commitment and disbursement have reached the second highest levels since its ODA loan support in Bangladesh began in March 1974.For the said FY, JICA…
Read More »Finance ministry disagrees with IMF terms on social security spending
Industry Desk: The finance ministry has not agreed on the International Monetary Fund’s term to exclude pension and savings certificate interest payments from the social security budget.“We have not agreed to accept the IMF’s condition to separate the allocation for social security from the allocation for pension and savings certificates…
Read More »WB approves $1.25b financing in 3 projects for Bangladesh
Industry Desk: The World Bank has approved $1.2 billion financing for Bangladesh in three new projects under a new Country Partnership Framework for Bangladesh (2023-2027).The approval came on Thursday at a meeting of the global lender’s Board of Directors in Washington, said WB press release.The Country Partnership Framework (CPF), anchored…
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Hotels to be converted for Covid hospitals
Hospitals overwhelmed Staff Correspondent: The government is going to rent hotels for providing treatment …
