Regional & International Economy

Oil prices have dropped by a quarter since June and could fall further if a nuclear deal is reached with Iran as it would bring more crude to the market, yet inflation remains stubbornly high. Crude prices soared to $140 per barrel in early March after Moscow invaded Ukraine, raising …

The Chattogram seaport has became the 64th busiest port among the top 100 container ports across the world. The ranks have been detected in terms of annual container handling in 2021, according to Lloyd’s List, one of oldest shipping journals in the world. In 2020, the port held the 67th …

Inward remittance has continued the rising trend in the current fiscal year starting from July 1, which may help overcome acute foreign exchange crisis in the country. Inward remittance grew 16.30 percent year-on-year to $1,171 million or Tk 111.24 billion (Tk 95 per US Dollar) in the first 16 days …

The duty-free treatment of 98 per cent tariff lines goods will help Bangladesh to further increase its export to China, says the Chinese Embassy in Dhaka on Tuesday. State Councilor and Foreign Minister Wang Yi during his recent visit to Bangladesh, announced that the duty-free treatment of 98 per cent …

The currency of Bangladesh has depreciated further against the US dollar, hitting Tk 95 on the interbank platform yesterday. The exchange rate was Tk 94.70 per dollar on Sunday. With yesterday’s decline, the local currency has depreciated by 12.02 per cent in the platform in the last one year. The …

A much-needed move to sign free trade agreements (FTAs) and preferential trade agreements (PTAs) with potential countries and economic blocs is not moving as desired by Bangladesh, mainly due to lack of responses. Although the government had taken initiatives to sign such deals to boost bilateral trade with other countries, …

Officials were likely to face difficulties in cross-checking financial details furnished in the value added tax (VAT) returns filed by the global technology giants as the companies did not have local offices in Bangladesh. The main obstacle that the officials would face is to communicate with the representatives of the …

The readymade garment (RMG) and its associated industries, including accessories makers, are set to face a fresh blow due to the latest price hike of fuel oils. The hike came at a time when the country’s largest foreign currency earning sector started receiving lower work orders and opened the fiscal …

Even after the latest hike in fuel prices in Bangladesh it is equal to India and comparatively lower than the other neighbouring countries, said Information Minister Hasan Mahmud, reports UNB. He made the remark Saturday at a seminar marking Sheikh Kamal’s 73rd birth anniversary at Dhaka University. Hasan Mahmud said …

Prime Minister Sheikh Hasina again proposed Nepal to use Mongla and Chattogram seaports alongside Syedpur airport for mutual benefits. “Nepal can take advantage of using our Mongla and Chittagong ports,” she said while a visiting parliamentary delegation from Nepal paid a courtesy call on the Prime Minister at her official …