Regional & International Economy

The government has decided to buy 8,000 tonnes of lentil at Tk 76.64 crore and 10,000 tonnes of sugar at Tk 160 crore for the Trading Corporation of Bangladesh. The lentil will be purchased from Agrigo Trading Pvt Ltd of Chennai in India at a rate of Tk 100.8 a …

Shrimps, popularly referred to as “white gold” due to being one of Bangladesh’s most valuable export items, may face significant pressure from competitor nations after the country graduates from Least Developed Country (LDC) status in 2026. After graduating to a developing country, the nation will be required to remove subsidies …

Spending under the annual development programme (ADP) has been going slow in the current fiscal year (FY), with implementing agencies using just 31.17 percent of the total allocation till February this year, showed official figures. In the first eight months of FY2023-24, the government managed to spend just Tk 85,603 …

Despite their tireless efforts to ensure food securities for the nation, farmers themselves are among the most vulnerable to food insecurity – struggling to put enough food on their own tables. The latest report by the Bangladesh Bureau of Statistics (BBS) titled “Food Security Statistics 2023” reveals that 26.13% of …

The American Apparel and Footwear Association (AAFA) has urged Bangladesh to end the detention of the workers who were involved in the labour movement demanding a minimum wage hike last year. Stephen Lamar, president and CEO of the largest trade body in garment and shoe segments in the US, made …

Bangladesh’s exports will continue to contribute to its economic growth in the short term although high inflation, a weaker taka, and restrictions on imports will weigh down consumption and private investment, according to a new report. The report, prepared by BMI, a provider of insights, data and analytics owned by …

Per capita income of Bangladesh has increased by $643 to $2,765 in the last five years (2019-2023), according to the latest data of Bangladesh Bureau of Statistics (BBS). It was $2,122 in 2019, the first year of the 11th election, while it was only $91 in 1972, shortly after independence. …

A staggering nearly 22% of Bangladesh’s total households are grappling with moderate or severe food insecurity, highlighting a concerning trend where one in five households lacks reliable access to sufficient, affordable, and nutritious food. Rangpur division witnesses 29.98 out of 100 households facing food insecurity, with Sylhet emerging as the …

Stakeholders including experts on industries and economists underscored the need for diversifying export products to ease dependency on the garment industry and achieve industrial sustainability while economic challenges persist. They also emphasised enhancing workers’ skills, productivity and handling challenges through collective efforts. The observations came at a seminar titled, “Global …

The Anti-Corruption Commission (ACC) has filed a lawsuit against 24 individuals, including a former managing director of the Investment Corporation of Bangladesh (ICB) and the chairman and the MD of Universal Financial Solutions Ltd. The case was filed as the accused persons mutually embezzled Tk311 crore from asset manager Universal …