Biz World
Biz World
Ban cryptocurrency growing fast in BD
Golam Mostafa Jibon: Despite the ban, the use of Cryptocurrencies is increasing day by day in different crime related money transactions in the country causing concern to the elite persons.Experts said, although, the country’s laws prohibit the use of virtual currencies, money transactions related to crimes through Cryptocurrencies are on…
Read More »Food price reduction saves some 100 m people from extreme poverty: UN
Staff Correspondent: The Ukrainian grain export deal led to a reduction of food prices that prevented about 100 mln people from falling into extreme poverty, Spokesperson for the United Nations Secretary General Stephane Dujarric said in a statement.“The resumption of exports has significantly contributed to lower prices of wheat and…
Read More »Pound sinks as UK economic uncertainty rises
International Desk: The pound fell against the dollar on Friday as new figures showed a gloomy picture for the UK economy.Sterling slipped to $1.11, after rallying on Thursday as Prime Minister Liz Truss resigned, reports BBC.However, it clawed back losses on Friday evening and was back up to around $1.12…
Read More »BD seeks new investments from UK
Diplomatic Correspondent: Bangladesh has sought new and enhanced investments from the UK in different sectors, including clean energy, ICT and agriculture.Foreign Minister AK Abdul Momen had a meeting with Lord Karan Faridoon Bilimoria, a crossbench member of the British House of Lords and former president of the Confederation of British…
Read More »World facing 5th wave of debt crisis: WB Chief
Industry Desk: The world is facing a “fifth wave of debt crisis,” World Bank President David Malpass warned Friday, calling for more support for countries in distress.The pandemic forced many countries to take on more borrowing, and the World Bank and International Monetary Fund have warned that many are already…
Read More »WB cuts BD GDP growth forecast to 6.1pc for 22-23
Industry Desk: Beset with Sri Lanka’s economic crisis, Pakistan’s catastrophic floods, a global slowdown, and impacts of the war in Ukraine, South Asia faces an unprecedented combination of shocks on top of the lingering scars of the COVID-19 pandemic.Growth in the region is dampening, says the World Bank in its…
Read More »Hilsa export to India
BD earned $1.36cr Staff Correspondent: Bangladesh government has earned 1.36 crore US dollars from exporting 1,352 tonnes of hilsa fish to India this year so far, Fisheries and Livestock Minister SM Rezaul Karim said yesterday.Hilsa production has doubled in last 12 years and the rate of production is now 90…
Read More »BD eyes bigger slice in Korean RMG market
Industry Desk: South Korea with its $10.53 billion apparel market can be a preferred export destination for Bangladesh and the apparel sector expects to hit the $1 billion mark export to Korea in the current fiscal year.South Korea currently sources 34% of its apparel items from China, but due to…
Read More »BD performing well in 3 economic sectors
Staff Correspondent: Bangladesh is performing well in three important indicators of the economy amidst the global financial crisis. The latest data of different economic indicators show that despite the global crisis, Bangladesh is turning around in export of garment items.In the first five months of this calendar year, Bangladesh’s garment…
Read More »BD continues to remain top denim shipper to USA
Industry Desk: Bangladesh continues to persist as the top denim exporter to the USA. The recently released statistics by OTEXA showed that in H1 (January-June) of 2022 Bangladesh exported $445.50 million worth of apparel items. Witnessing a 57% growth in the period.OTEXA data showed that overall the USA imported $2…
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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 …
