Biz World
Biz World
Adani’s financial scams puts Modi at high risk
Gautam Adani and Modi trusted duo Asifiqbal Thakoor: School dropout Gautam Adani has become Asia’s richest man. But with what happened last week, the Indian national faced the biggest challenge of his business career so far.It’s been a rollercoaster week for one of the world’s richest men. He saw his…
Read More »IMF likely to approve $4.5 b loan for BD
Industry Desk: The Executive Board of the International Monetary Fund (IMF) has agreed in principle to approve $4.5 billion loan for Bangladesh, Finance Ministry officials said yesterday.Several Finance Ministry officials said they have received indications that the multilateral lender’s board has agreed in principle to approve Bangladesh’s loan request.An IMF…
Read More »Dollar being wasted in import of non-essential products
Industry Desk: A huge amount of foreign currency is being wasted by importing non-essential products which are being produced in the country.According to a data of Bangladesh Bank, 45 percent of the total import expenditure was spent in such products in the fiscal year 2021-22. About 4,900 crore dollar worth…
Read More »Crimes rising for random
use of cryptocurrencyGolam Mostafa Jibon: Despite the ban, the use of Cryptocurrency especially Bitcoin is still going on in the country causing expansion of criminal activities.Experts said that, the rampant use of illicit virtual currency is helping to instigateseveral types of crimes including illegal arms and drug trade, money and human trafficking…
Read More »Amazing trade relationship of BD with Brazil, Argentina
Bangladesh exports to Brazil and ArgentinaRMG, medicines, plastic products, leather products, shoes, children’s toys, mattresses and medical equipment. Bangladesh imports from Brazil and Argentina: 51 pc of annual import of soybean oil comes from Argentina and 24 pc from Brazil. Ibrahim Khalil Jewel: When the football world cup comes, the…
Read More »Rat-cat game over strong branded rod prices
Construction works of pvt and govt sectors hit hard Golam Mostafa Jibon: A rat and cat game is going on in the rod market of the country as a syndicate has increased the prices of all strong branded rods with a view to create an anarchy in the market that…
Read More »Bangladesh RMG sees highest growth in EU
Industry Desk: Bangladesh’s readymade garment (RMG) exports to the European Union (EU) has reached a stunning milestone – as in January-August 2022, the country’s largest apparel export destination witnessed a 45.26% year-on-year growth in the EU – surpassing the leading apparel exporter China’s apparel growth in the period.As per the…
Read More »ADB to invest $2b in BD edu sector
Diplomatic Correspondent: Asian Development Bank (ADB) President Masatsugu Asakawa has told Education Minister Dr. Dipu Moni that ADB will invest 2 billion dollars in the next 3 years in Bangladesh’s education sector.Dr. Dipu Moni held a meeting with Masatsugu Asakawa on friday at the ADB office. During the meeting, the…
Read More »Indian mills default on sugar export deals
Industry Desk: Indian sugar mills have been renegotiating and defaulting on contracts to supply 400,000 tonnes of the sweetener to overseas buyers as prices jumped after the government cut this year’s export quota, five dealers told.The renegotiations and defaults by mills in India, the world’s second biggest sugar exporter, could…
Read More »Developing countries burdened with debt: WB
Industry Desk: Developing countries are facing an economic crisis, heavy debt burdens, high inflation, and climate change. It is a crisis facing development itself, said World Bank President David Malpass.He said this while participating in the 27th climate conference organized by the United Nations in the Egyptian city of Sharm-al-Sheikh…
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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 …
