Regional & International Economy

The USA has imported RMG items worth $7.55 billons from Bangladesh during the January-September period of the current year which is around 51 percent higher compared to the same period of last year. According to the latest statistics from the Office of Textiles and Apparel of the United States, the …

A total of 10 trade bodies have been selected for awards for their contribution to development of the country’s textiles sector, said Textiles and Jute Minister Golam Dastagir Gazi on Sunday. “We (the government) will award 10 trade bodies this year for their immense contribution to the development of the …

The Bangladesh Bank on Sunday asked banks to make the opening of letters of credit easy for importing essential products to control prices and ensure supply of the items. After a meeting of the BB with the Association of Bankers Bangladesh, BB spokesperson and executive director Md Mezbaul Haque told …

With Bangladesh rapidly improving its infrastructure and connectivity and making regulatory reforms, Japan expects massive foreign investments flowing into the country as it looks to become a regional industrial hub in a few years. “As we get out of the current economic crisis, Japanese companies will look at Bangladesh as …

The export of RMG items has witnessed 15.61 percent growth during the July-November period of this year compared to the same period last year. As per the statistics of the Export Promotion Bureau (EPB), the RMG export of Bangladesh reached US$ 18.34 billion during the mentioned period. A category-wise disaggregated …

Pakistan expects to secure $3 billion in external financing from a friendly country in two weeks, its finance minister said on Friday as the South Asian country awaits IMF funding, Reuters reports. An International Monetary Fund (IMF) review for the release of its next tranche of funding has been pending …

Russia on Saturday denounced a $60 price cap on its oil agreed by the EU, G7 and Australia, even as Ukraine suggested it was not tough enough and might have to be revisited. “We will not accept this price cap,” Kremlin spokesman Dmitry Peskov told domestic news agencies, adding that …

Bangladesh wants greater market access to the US in any format as a measure of preparations to face challenges after its United Nations status graduation from a least developed to a developing country in 2026. Senior Commerce Secretary Tapan Kanti Ghosh is going to place the demand at an upcoming …

Despite a slowdown in the US caused by declining consumer demand, Bangladesh is still the number one exporter of denim garments to the US. Data from the Office of Textiles and Apparel (Otexa) of the Commerce Department show that Bangladesh exported denim apparel to the North American country worth $738.70 …

International early-stage VC fund, Accelerating Asia has announced its latest round of investments on Tuesday, with ten new companies joining Cohort 7 of the flagship program, which includes Bangladesh-based startup Hishabee. Hishabee, is a Bangladesh-based startup that helps small businesses reduce bottlenecks, lower overheads and open revenue streams by providing …