When will Bangladesh curb dependency on high-cost imported electricity?

Even before Bangladesh starts getting electricity, Bangladesh Power Development Board finds itself paying Tk 1,219.1cr for power not used. How did this happen? And when can Bangladesh come out of high-cost import-based electricity?

1d ago| Economy

Remittance to rise this fiscal year: BB

Remittance inflow may rebound significantly in Bangladesh in 2022-23 fiscal year as increased number of people flew abroad for jobs, Bangladesh Bank Governor Fazle Kabir said yesterday. 

1d ago| Global Economy

Global crop problems point to years of high food prices

Eric Broten had planned to sow about 5,000 acres of corn this year on his farm in North Dakota, but persistent springtime rains limited him to just 3,500 in a state where a quarter or more of the planned corn could remain unsown this year.

1d ago| Europe

Sweden sets sharpest rate hike since 2000

Sweden’s central bank announced Thursday its steepest interest rate hike since 2000 to combat inflation, as monetary policymakers worldwide scramble to tame runaway prices.

1d ago| Business

Foggy stance of Bangladesh Bank on exchange rate

A key objective of issuing a monetary policy statement on the eve of the new fiscal year is to provide forward guidance to the public about the likely future course of monetary policy. When credible, individuals and businesses use this information in making decisions about spending and investments.

GP says SIM ban unexpected

Leading mobile phone operator Grameenphone termed the telecom watchdog’s latest ban on its SIM sales as an unexpected move, stating that it will take its next course of action after assessing the regulator’s letter related to the bar.