Regional & International Economy

Bangladesh logged higher growth in gross domestic product (GDP) in 2021-22 fiscal year compared to the previous year, but it was 15 basis points below the provisional estimate. The economy grew by 7.1 per cent in 2021-22 fiscal year, up from 6.94 per cent the previous year. However, the provisional …

Prime Minister Sheikh Hasina yesterday asked the National Board of Revenue (NBR) to launch campaigns at the grassroots level and motivate people to pay tax as the country’s socioeconomic condition has improved radically in the last 14 years. “If you carry out campaigns there [at the upazila and union levels] …

Bangladesh produced 93.8 million kg of tea in one year. However, Tea production in the country has reduced by 2.67 million kg. Despite the target of producing 100 million kg of tea in 2022, the country’s tea gardens have failed to meet the target due to adverse weather conditions and …

Cash-strapped Bangladesh asked Saudi Arabia for extended credit on oil supplies, Dhaka’s foreign ministry said, as the South Asian nation grapples with dwindling foreign exchange reserves. Saudi Arabia supplies more than half of Bangladesh’s crude imports, but Bangladesh has been hit hard by the global surge in energy and food …

Bengal Polymer Wares was awarded the second prize in the Premier Pavilion category at the Dhaka International Trade Fair. The closing ceremony of the 27th Dhaka International Trade Fair 2023 was organized at the Bangabandhu Bangladesh China Friendship Exhibition Centre, Purbachol where the award was handed over, reads a press …

Despite facing external economic shocks that have led to a dollar crisis, Bangladesh’s export earnings and foreign remittances increased in the first month of 2023. The Export Promotion Bureau (EPB) reported that Bangladesh’s export earnings rose by 5.89 percent to reach $5.13 billion in January 2023, compared to $4.85 billion …

Despite the persisting volatility in the global economy and higher consumer prices in the western markets, Bangladesh’s merchandise shipment grew 5.89 per cent year-on-year to $5.13 billion in January, official data showed yesterday. This was the second-highest single-month shipment in the history of the country. The previous highest was recorded …

Bangladesh can now export vegetables and fruits directly to the Middle East, Agriculture Minister Abdur Razzaque has said. An agreement has recently been signed with Dubai in this regard, he told reporters at the secretariat on Wednesday. “If we can export directly instead of going through Singapore, our ships will …

The government has resumed purchasing liquefied natural gas from the spot market ending more than six months suspension since its price went up in the global market. A cabinet committee on government purchases on Wednesday approved a proposal from the energy division to import one cargo of LNG from the …

Remittance flow to Bangladesh rose to a five-month high in January as banks have made an all-out effort to mobilise US dollars from abroad to overcome the stress in the foreign exchange market. Expatriates sent home $1.95 billion last month, the highest since September when $1.53 billion flew into the …