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China exports surge in 2021 as global demand picks up

Chinese exports surged in 2021 on solid global demand as countries reopened, official data showed Friday, bumping its overall trade surplus to a record high and providing a much-needed boost to the stuttering economy, but officials warned of headwinds. The world’s second-biggest economy saw a quick rebound from the coronavirus last year — after cases first surfaced in a central ...

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Oil prices shrug off Omicron to reach two-month high

Oil prices hit two-month highs on Wednesday on tight supply and easing concerns about the potential hit to demand from the Omicron coronavirus variant. US Federal Reserve Chairman Jerome Powell on Tuesday said that the economy of the United States, the world’s biggest oil consumer, should weather the current Covid-19 surge with only “short-lived” impact and is ready for the ...

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Bangladesh sets $80 billion export target for FY2024

The government has raised the annual export target to $80 billion for the fiscal year 2024 from the existing target of $60 billion. Finance Minister AHM Mustafa Kamal disclosed it while briefing journalists after two consecutive meetings of the Cabinet Committee on Economic Affairs and the Cabinet Committee on Public Purchase virtually on Wednesday. The Cabinet Committee on Economic Affairs ...

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Global economy heads for a sharp slowdown, Bangladesh to grow at 6.4%: WB

Global economic growth will dip sharply from 5.5% in 2021 to 4.1% in 2022 and 3.2% in 2023, even as Bangladesh’s annual growth is projected to be 6.4% in the current fiscal year and 6.9% in 2022-23, according to the World Bank’s Global Economic Prospects Report, released on Tuesday. Neighbouring India’s economic growth is expected to be 8.3% in the ...

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Dhaka Trade Fair to continue amid COVID restrictions

Dhaka International Trade Fair (DITF)-2022 will continue amid newly-issued 11-point restrictions by the government to tackle Omicron variant in the country. Md Hafizur Rahman, additional secretary of Commerce Ministry, on Tuesday confirmed the matter. “As per the instructions set by the government, there is no problem to continue the activities of the trade fair. But people should have follow the ...

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BB releases updated CSR guideline for banks, FIs

# Minimum 60pc CSR funds have to be spent on health, education # Environment and climate change to get 20 pc CSR funds   Bangladesh Bank has directed the financial institutions to spend a minimum of 60 per cent of their corporate social responsibility (CSR) funds in education and health sectors equally and 20 per cent on the environment and ...

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BB gives Padma Bank ‘unethical and fraudulent’ advantage: TIB

Transparency International Bangladesh (TIB) has expressed deep concern over the Bangladesh Bank’s approval to conceal the information of accumulated losses of Padma Bank Limited from its financial statement on the condition of getting a foreign loan. Terming this type of advantage as unethical and fraudulent, TIB warned BB saying this action may worsen the faith of the regulator in its ...

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Gold prices fall in international market

The price of gold has come down in the international market. The prices fell after three consecutive weeks of gains. Along with gold, silver prices have declined over the past week. At the same time, the price of platinum, another precious metal, has also come down. Last week, the price of gold in the international market has decreased by 1.6 ...

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World’s first colour-changing car unveiled

German carmaker BMW has unveiled the world’s first “colour-changing” car at the Consumer Electronics Show in Las Vegas, reports Reuters. The concept car, called the BMW iX Flow, uses electronic ink technology normally found in e-readers to transform the car’s exterior into a variety of patterns in grey and white. “This is really energy efficient colour change using the technology ...

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Biman to run spl flight on Dhaka-Ctg-Dubai route Jan 9

Biman Bangladesh Airlines will operate a special flight on the Dhaka-Chattogram-Dubai route on Jan 9 as the government has started a PCR test lab at Shah Amanat International Airport in Chattogram. The decision was taken in this regard considering the high demand from passengers, said a press release on Thursday. People can collect tickets for flights from 4.30 pm today, ...

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