Dhaka | Dhaka City | Bangladeshi News
Dhaka | Dhaka City | Bangladeshi News
“We wanted to do a different kind of flower arrangement (for Valentines), especially since onion prices have gone up and we want to join the trend,” Nits Evangelista, a 25-year-old florist, told Reuters. Earlier this month, a branch of Japan Home Center, a popular chain of retail stores in Manila, accepted onions as pay-a-day, offering […]
“In today’s high-inflation environment, firms are more likely to implement large price increases when they reset their prices, when inflation was low and stable, with seasonal factors leading to lower inflation at the beginning of the year.” occur when price resetting is more common,” economists at Goldman Sachs wrote in a note. The Department of […]
The expenditure weights used to calculate the CPI were also updated with the January report. The new weights, which were published on Friday, reflect consumer spending in 2021. The share of housing in the CPI has now been increased, but the weightings for transport and food have been reduced. The revision, updated seasonal factors and […]
The Bangladesh Garment Manufacturers and Exporters Association fears law and order could worsen as labor unrest erupts due to an “extraordinary” increase in gas prices and high inflation. The country’s largest apparel exporters group has advised the government to increase prices in a phased manner instead of imposing an abnormal cost hike in one go. […]
The CAB in its report on Saturday said non-food inflation has hit the middle class more than food inflation in Dhaka. Increase in prices of non-food items, such as electricity, soaps, hygiene products, personal hygiene items, mosquito coils, sprays, clothing and footwear, and increase in transportation costs are mainly responsible for the rise in overall […]
This increase in the price of gas within a week of the increase in electricity rates will lead to an increase in the cost of production. As a result, the price of goods is likely to increase once again, which will affect the inflation rates. It is the people who ultimately suffer. Since 2009, the […]
President Ranil Wickremesinghe has raised taxes and made drastic spending cuts to ease the way for an expected International Monetary Fund bailout following a government debt default. Sri Lanka’s armed forces are on the chopping block, with the Defense Ministry announcing it will retire 65,000 soldiers from its 200,000-strong army over the course of a […]
The government responded to high global energy prices with blackouts and factory closures to reduce energy consumption, froze purchases of vehicles, and made it harder to buy luxury goods, among other measures to preserve international reserves. . In October, the World Bank cut its forecast for Bangladesh’s economic growth for the fiscal year 2022-23 by […]
China’s growth to fall to 2.7% in 2022, its second slowest pace since 1970, in 2020, says World Bank report, amid zero post-COVID restrictions, asset market turmoil and Drought hits, in the form of production and investment. It predicted a rebound of 4.3% for 2023, but that is 0.9 percentage-point lower than its June forecast […]
Mohammad Hatem, president of the Bangladesh Knitwear Manufacturers and Exporters Association, said the government had promised not to raise electricity prices for industries. “But if the price increases for us, the cost of production will go up and add to the current crisis.” At Sunday’s hearing, Professor Shamsul Alam, energy advisor to the Consumers Association […]
hunting for savings At the end of the scale the stores did even better than Next. B&M, which sells products ranging from toys to frozen goods and garden furniture, reported a 6 per cent rise in comparable Christmas sales, and Greggs whose snacks and coffee are cheaper than many rival cafes, said That its sales […]
A YouGov poll published in December showed two-thirds of Britons supported the nurses’ strike. A majority of those surveyed said the government is most to blame for the action and Prime Minister Rishi Sunak could suffer if the disruption lasts until 2023. Mick Lynch, head of the RMT rail union, said the government was satisfied […]
