Regional & International Economy

Trade between Bangladesh and India via the Benapole land port remained suspended on Saturday, with the neighbouring country celebrating Vishwakarma puja. However, movement of people via the land port remained as usual, officials said. Kartik Chakrabarty, general secretary of the Petrapole C and F Agent Staff Welfare Association, said that …

Bangladesh Bank yesterday reiterated that it does not allow holding or trading of any kind of virtual coin or cryptocurrency in the country. It has asked all to refrain from trading any kind of virtual currency as the definition of “currency” provided by the Foreign Exchange Regulation Act, 1947 does …

The taka depreciated further against the US dollar on Monday, more than a month after a similar fall. The local currency lost its value by Tk 1.0 on the interbank foreign exchange (forex) market on the day. The US currency was quoted at Tk 96.00 each on the day against …

Bangladesh’s foreign exchange reserves have declined to $37.06 billion after the Bangladesh Bank cleared import bills to the Asian Clearing Union (ACU), an arrangement to settle payments for intra-regional transactions among member countries including Bangladesh. The Bangladesh Bank paid $1.73 billion on Wednesday to clear payments for its imports from …

Bangladesh Bank on Thursday claimed that it would allow the market, meaning demand and supply, to fix the exchange rate of the US dollar against the local taka. Earlier in May, the central bank had taken the same decision but later backtracked from it to artificially keep the local currency …

The country’s overseas employments in the eight months of the current year witnessed a robust growth following demands of manpower from different job-destination countries. Bangladesh sent 783925 workers abroad in the January-August period of 2022, as against 275791 in the matching period of 2021, reflecting more than 184 per cent …

Indian businesses want to invest in energy, transport and agro-processing sectors in Bangladesh, Commerce Minister Tipu Munshi said yesterday. Besides, Adani Group has proposed to invest Tk 4,500 crore in Bangladesh, he said. The minister spoke from his residence in Rangpur while sharing the outcome of Prime Minister Sheikh Hasina’s …

whopping 158 billion euros ($158 billion) in energy exports in the six months following its invasion of Ukraine, with the EU accounting for more than half, a think tank said Tuesday. The Centre for Research on Energy and Clean Air called for more effective sanctions against Moscow after the invasion …

Asia coal price has skyrocketed to a new record amidst signs of a further price hike next year which is ominous for Bangladesh to be locked into energy crisis already crippling the country. High liquefied natural gas and diesel prices have already compelled Bangladesh to suspend electricity production at many …

Prime Minister Sheikh Hasina today (September 7, 2022) said Bangladesh-India cooperation should go beyond trade to derive larger gains. “It should include investment, finance, services, technology transfer, and be placed within the context of regional cooperation,” she said. The prime minister was addressing a business event, jointly organised by the …