Regional & International Economy

Prime Minister’s Energy Adviser Tawfiq-e-Elahi Chowdhury has said the dependence on imported liquefied natural gas (LNG) will continue some more time as there is no immediate possibility of gas exploration from the country’s offshore areas. “So, the government has taken initiative to set up more floating storage and re-gasification units …

Customs Bond Commissionerate (Dhaka) of the National Board of Revenue has so far locked a total of 3,270 business identification numbers of bonded warehouse licence holders for non-compliance with conditions of the license and other irregularities. With the locked BINs, there are 7,127 BIN holders in the country. Of the …

World Bank has sought to know about Bangladesh’s current economic situation, especially the state of forex reserve and inflation, ahead of providing $250 million in budgetary support. A 10-member delegation of the international lender held a meeting in this regard with State Minister for Planning Shamsul Alam at his office …

The government’s borrowing from the Bangladesh Bank increased to Tk 64,589 crore on September 8, 2022 compared with that of Tk 23,749 crore on the same day of the past year due to liquidity pressure in the banking sector. According to a Bangladesh Bank data, government’s borrowing from central bank …

Commerce Minister Tipu Munshi today said that the government has a target of attaining manufacturing goods exports worth $80 billion by 2024 and $100.0 billion by 2026. The Minister said this while speaking at the “Meet the Overseas Correspondents Association of Bangladesh (OCAB)” at Jatiya Press Club in the city …

Egypt plans to raise fees for ships passing through the Suez Canal by 15 per cent in 2023, the canal authority’s chairman Osama Rabie said on Saturday. Transit fees for bulk and tourist ships will be raised by 10 per cent, Rabie added. The fee increase will be applied starting …

Ukrainian President Volodymyr Zelensky said Thursday his war-scarred country wanted to join the European single market ahead of a decision on whether to grant Kyiv full EU membership. Zelensky was speaking at a press conference with EU president Ursula von der Leyen who came to Kyiv to work out a …

A high-level business delegation of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) left Dhaka today for the United States (US) to attend the 77th General Assembly of the United Nations (UN) as the entourage of Prime Minister Sheikh Hasina. FBCCI President Md Jashim Uddin is leading the …

Bangladesh Bank (BB) has allowed banks to maintain accounts in Yuan with their corresponding branches abroad to settle cross border transactions in Chinese currency. “To bring wider scope, it has been decided that Authorized Dealers (ADs) may maintain accounts in Chinese Yuan Renminbi (CNY) with their correspondents or branches abroad …

Speakers at a seminar on Friday (Sept 16) said there are ample opportunities to increase economic cooperation between Bangladesh and Thailand Addressing a seminar on “Trade and Investment Opportunities” was organised by the Ministry of Foreign Affairs of Thailand, they also highlighted the socio-economic development of Bangladesh. The seminar was …