News
BB rolls out Tk 22,500 crore refinancing for CMSMEs
2+ hour, 55+ min ago (482+ words) Bangladesh Bank has launched three refinancing facilities totalling Tk 22,500 crore to expand low-cost credit for micro, small and medium enterprises, aiming to support industrial growth, boost investment and create jobs. All three facilities will be financed from Bangladesh Bank's own…...
Indonesian economic growth tops 5pc on consumption boost
3+ hour, 25+ min ago (354+ words) Indonesia's economy picked up pace last year to grow more than five per cent, data showed Thursday, thanks to a pick-up in consumption following a huge government stimulus package. The government unveiled a $1.5 billion package of economy-boosting measures in June…...
Russian pensioners turn to soup kitchen as war economy stutters
3+ hour, 30+ min ago (546+ words) Dishes clatter, steam bursts from large cooking pots and music is seeping through the bustling chatter of Russian pensioners, hunched over bowls of free meals in a Saint Petersburg soup kitchen. The general mood is upbeat but the place, at…...
Rice, red lentils maintain high prices
1+ day, 3+ hour ago (756+ words) The prices of the old variant of Miniket rice and Nazirshail rice have remained high for the past few weeks on the capital's kitchen markets, ranging between Tk 70 and Tk 85 a kilogram. However, prices of newly arrived variants of Miniket…...
Eurozone inflation slows to 1.7pc in Jan
3+ day, 4+ hour ago (240+ words) Eurozone inflation eased to 1.7 per cent in January, official data showed Wednesday, thanks to a faster decline in energy costs. The rise in consumer prices dipped from 2.0 per cent the month before, and fell below the European Central Bank's target…...
IMF cautions BB over unsecured funding to weak banks
1+ week, 2+ hour ago (684+ words) Tight policy, banking reforms urged The International Monetary Fund has cautioned the Bangladesh Bank against unsecured liquidity support to weak banks, saying such actions undermined tight monetary policy and threatened financial stability. The observation came after IMF executive board completed…...
Mexican economy posts worst GDP growth since Covid
1+ week, 3+ hour ago (319+ words) Mexico's economy put up its worst performance last year since the Covid-19 pandemic, growing 0.7 per cent year-on-year as trade tensions with the United States took a toll. The GDP figure for Latin America's second-largest economy was its worst since an…...
Eurozone growth beats 2025 forecasts despite Trump woes
1+ week, 22+ hour ago (581+ words) Eurozone growth beat expectations to reach 1.5 per cent last year, official data showed Friday, picking up pace for a second year running in spite of a bruising trade standoff with the United States. Europe is working to close the gap…...
Narrow tax base hinder revenue growth: taskforce
1+ week, 2+ day ago (375+ words) Chairperson of the National Taskforce on Restructuring the Tax System and chairman of the Policy Research Institute, Dr Zaidi Sattar, on Thursday said that Bangladesh's revenue mobilisation efforts were being undermined by weak tax policy design, narrow tax bases and…...
India expects robust growth despite US tariff storm
1+ week, 2+ day ago (338+ words) India's economy is set to power ahead in the next fiscal year despite bruising US tariffs and a jittery global outlook, a government report said Thursday. Growth is expected in the range of 6.8 and 7.2 per cent in the financial year…...