Regional & International Economy

Ashok Lavasa, vice-president of Asian Development Bank (ADB), will arrive in Dhaka tonight to discuss Bangladesh’s requirement of USD 1 billion in loan assistance for budget implementation, Economic Relations Department (ERD) sources have said. Lavasa, in-charge of Private Sector Operations and Public-Private Partnerships, will meet the planning minister and foreign …

Asian Infrastructure Investment Bank (AIIB) will provide $250 million or nearly Tk 25 billion loan to Bangladesh as budget support to help overcome present economic crisis. The bank will start loan negotiation with Bangladesh this week and the finance ministry has already sent a summary of the loan deal to …

Bangladesh is the most ideal place for investment in the world and can become an investment centre for a market of 300 crore people, said Prime Minister Sheikh Hasina yesterday. “Due to its geographical location and infrastructural development, Bangladesh is the most attractive destination for investment. We are offering the …

Despite the raging global economic crisis, Bangladesh’s leather and leather products sector witnessed a 17.56 per cent year-on-year growth in export earnings in the first five months of the current fiscal year on the back of orders shifting away from competitors. In July-November, exporters earned $537.50 million from the shipment …

Bangladesh’s current account deficit widened further in October as imports continued to surge compared to the combined receipts from exports and remittances. The current account records a nation’s transactions with the rest of the world, specifically its net trade in goods and services. For Bangladesh, it stood at $4.5 billion …

Hatil, Bangladesh’s largest furniture brand, hosted a ‘Dealers Conference’ in Dhaka on December 3. With more than seventy showrooms across the country, the company is successfully catering to the contemporary furniture needs of the customers and expanding its business beyond the borders of the country, reads a press release. Most …

Export earnings showed a record jump in November along with remittance income rising again from higher labour migration. Moreover, inflation continued to decline in November. Latest data from Bangladesh Bank, Bangladesh Bureau of Statistics (BBS), Export Promotion Bureau (EPB) and Bureau of Manpower, Employment and Training (BMET) shows that export …

Though inflation continued to undergo a downward trend for a third consecutive month in November, non-food inflation in rural areas entered into double digits last month for the first time in recent times. Even after the decreases, inflation still remains near 9 per cent, which is much higher than recent …

Srihatta Economic Zone has become active as a door and window manufacturing company started production in the special area in Moulvibazar’s Sherpur. Double Glazing Industries Limited—a company run by a woman entrepreneur from the UK—began production in November this year in the 352-acre economic zone developed by the Bangladesh Economic …

Despite the large windfall in remittance earnings in India and Nepal, the World Bank (WB) has forecast that the remittance flow will decline in Bangladesh and the rest of South Asia, primarily due to the adverse effects of commodities prices. WB observed in its most recent report, “Remittances Brave Global …