Current News

Bangladesh is expecting to achieve a major breakthrough in the free-trade negotiation with the Eurasian Economic Union (EAEU) scheduled to be held in Dhaka late this month. Signing a free-trade agreement (FTA) will top the agenda of the second meeting of the Joint Working Group (JWG) of Bangladesh and the …

Human activities – from destroying forests to burning gas, oil and coal for energy – are disrupting the rainfall the world depends on, fuelling huge economic, health and social stability threats, scientists and economists warned on Friday. “We’ve built our economies on the assumption we can rely on precipitation,” said …

The Bangladesh Garment Manufacturers and Exporters Association has apprehended that the export earnings’ growth might decline in March as global buyers changed their sourcing strategy due to geopolitical tensions and production plan in apparel factories were being disrupted. BGMEA president Faruque Hassan at a press conference on Saturday held at …

Turkey on Saturday announced that the extension of a deal that had allowed exports of Ukrainian grain to resume following Russia’s invasion, but it was unclear if it had been prolonged for 60 or 120 days. Russia said that it had agreed to a 60-day extension, while Ukraine’s infrastructure minister …

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) will start lobbying with major trading partners and blocs from next month to help get extension of the least-developed country benefits for six more years after Bangladesh’s graduation to a developing nation. The local apparel exporters think they will face tough competition …

The OECD raised its global economic growth forecast on Friday as inflation eases and China emerges from Covid restrictions but warned of vulnerabilities as seen in the US bank sector turmoil. The Organisation for Economic Co-operation and Development said it now expects the global economy to grow by 2.6 per …

Bangladesh needs to take cautious steps and ensure proper coordination among macroeconomic policies to face the challenges brought on by the Russia-Ukraine war, experts said yesterday. Owing to the fallout of the coronavirus pandemic, Bangladesh had been facing serious challenges even before the war broke out. The conflict, however, has …

The SME Foundation in partnership with the International Trade Centre has launched SheTrades Bangladesh Hub to address the barriers women face to access economic opportunities. The hub was launched at an event in the capital on March 15, according to a press release. This is the 13th hub under the …

Reforming economic policies in Bangladesh to avoid corruption and disparity and ensure good governance requires strong political will, not the conditions of the International Monetary Fund (IMF), said economists yesterday. Their comments came at a webinar titled “IMF’s loan: who consume, who repay” organised by the Forum for Bangladesh Studies, …

In a first for Bangladesh, a consignment of watermelon has been shipped to Malaysia through Chattogram port by Sattar International, a vegetable exporter based in the port city. The consignment of more than 13 tonnes of watermelon and 5 tonnes of tomato had reached a private inland container depot last …