Regional & International Economy

Bangladesh’s foreign exchange reserve has started to decline once again as it stood at $39.05 billion yesterday in contrast to $39.21 billion the day before. The reserves stood at $39.59 billion at the end of July compared to $41.82 billion in June this year. The latest drop in the reserves …

The Bangladesh Investment Development Authority (Bida) has joined hands with US-based venture capital firm Anchorless Bangladesh to attract and facilitate targeted global investments and jointly promote investment opportunities in Bangladesh and abroad. A memorandum of understanding (MoU) was signed in this regard at a programme at Bida’s head office in …

The revenue collection by the National Board of Revenue (NBR) witnessed a healthy growth of 15 percent in the first month (July) of the current fiscal year (FY23) fetching Taka 17,520.45 crore. The revenue collection by the revenue board in July last year was Taka 15,344.25 crore. According to NBR, …

The price of US dollar has turned volatile again in the open market with increasing demand for imports despite the recent policy measures taken by Bangladesh Bank. The exchange rate of the US dollar in the kerb market was Tk 110.5 on Wednesday against the official rate of Tk 95.00 …

Bangladesh is in discussion with Russia to procure crude and refined oils, the Russian envoy in Dhaka said Wednesday, as alternative trading arrangement is envisaged as a last resort amid a global crisis. “A number of initiatives regarding the supplies of Russian crude and refined oil are being discussed, both …

Bangladesh’s forex dealers’ body will fix market-driven exchange rate daily for overseas exchange houses, as the central bank is in a drive to enforce discipline in dollar dealings. Bangladesh Foreign Exchange Dealers’ Association (BAFEDA) seeks active support of the central bank to maintain a uniform rate for the exchange houses. …

As the economy of Bangladesh is growing rapidly, the Netherlands is looking to enhance bilateral trade and utilise investment opportunities here with a strong focus on digitalisation and sustainability. “As longstanding partners in the multilateral sphere, we also seek collaboration with Bangladesh in promoting a rules-based international order and human …

Around 73 per cent of Bangladesh’s garment exports is still limited to nine countries for a lack of market diversification in spite of different public and private initiatives. In the April-June period of fiscal year 2021-22, some $8.2 billion out of $11 billion came from the nine export destinations — …

Dell Technologies and Microsoft’s cloud service partner Colocity Limited have brought Microsoft Azure stack hub hybrid cloud “Colcity.Cloud” to the country for the first time to help the country’s businesses to digitally transform at the speed they need. The company’s hybrid cloud is addressing business concerns of storing data at …

Awami League (AL) Presidium Member and Agriculture Minister Dr Muhammad Abdur Razzaque said the government is trying its best to reduce the price of consumer goods as those have been increased due to global crisis. “We admit that people are suffering. Those with low income are finding it difficult to …