Regional & International Economy

The finance ministry has already begun drafting the budget for FY 2023-24 to combat war-induced economic woes and meet election-year demands. According to ministry sources, Finance Minister AHM Mustafa Kamal will hold two meetings on Tuesday – one with the council for the coordination of fiscal, monetary, and exchange rate …

Economists on Monday said that institutional failure on the part of the National Board of Revenue had been affecting domestic resource mobilisation negatively over the years, which, in turn, resulted in an increase in the government debts. Due to a lack of resource mobilisation, Bangladesh’s current tax-GDP ratio remains far …

EU member states and parliamentarians on Sunday announced an agreement for a major reform to the bloc’s carbon market, the central plank of its ambitions to reduce emissions and invest in climate-friendly technologies. The deal aims to accelerate emissions cuts, phase out free allowances to industries and targets fuel emissions …

Following a series of global crises, Bangladesh’s government efficiently handled its foreign aid when it was predicted that it would start to drop from the end of the previous fiscal year. However, the adverse effects of those crises are now quite evident from the current fiscal year FY23. In the …

The European Union has adopted a plan for a global minimum 15% tax on big business. Leaders gave their final approvals on Thursday after months of political wrangling. The landmark deal between nearly 140 countries aims to stop governments racing to cut taxes in a bid to attract companies. It …

The ongoing football World Cup in Qatar has led local sportswear markets into a frenzy but failed to boost television sales as soaring inflation dents people’s purchasing power. Craze for Jersey Hundreds of fans rummaging through piles of jerseys to find their favourite ones despite high prices has become a …

Planning Minister MA Mannan on Saturday claimed that despite the nation’s economy being surrounded by dark clouds, there remained a ray of hope. “There have been many changes in people’s lifestyles which are impressive. As a conscious citizen, we must admit it,” he added. He spoke as the chief guest …

Farida Parvin, a housewife in Sultanpur village under Sadar upazila of Satkhira district, now has her own source of income — making jute products for a private organisation involved in exporting those. Like Farida, a number of women in the village are now earning money after receiving training from ‘Rishilpi …

The reopening of Mogalhat, a decommissioned land port on the Bangladesh-India border in Lalmonirhat, has been stalled for a long time now even though resuming trade and immigration activities would be of great benefit to local businesspeople, according to officials. The now defunct transit point is about 10 kilometres away …

The export of tea has slightly increased in recent times apparently for quality enhancements, focus on retail packs and production being higher than domestic consumption. Manufacturers are expressing optimism, saying that if the amount of investment in gardens increases in the coming days, Bangladesh would be able to attain its …