Regional & International Economy

The European Parliament’s delegation on international trade on Tuesday said that the block wants full implementation of Bangladesh government’s commitment to implement a labour roadmap. “We want the full and successful implementation of the roadmap as a clear precondition for our further trade relations,” said Heidi Hautala, MEP, head of …

A delegation of European Parliament’s Committee on International Trade began their three-day visit here on Monday. Heidi Hautala, MEP is leading the European Parliament delegation to Bangladesh. Bangladesh and the European Union (EU) will discuss mainly trade related issues during the visit. “They are interested in following trade relations between …

The Indian rupee fell to more than 80 per US dollar for the first time on record on Tuesday, as the greenback extended its rally and foreign capital outflows intensified. The rupee 80.0600 against the greenback soon after trading started, Bloomberg data showed. High inflation and rising interest rates in …

The Padma Multipurpose Bridge has opened a new avenue of creating a tourism hub centring on the dream bridge, cashing in on people’s growing interest. If there are government and private initiatives to ensure necessary facilities on both banks of the Padma River, this will attract huge tourists and boost …

Although a series of new decisions by the Bangladesh Bank (BB) are slated to temporarily increase the flow of dollars in the market, economists and bankers are unsure if these measures will offer a long-term solution to the problem. The central bank has made several policy changes, effective from Sunday, …

Bangladesh has secured the 41st position in global economy considering Gross Domestic Product (GDP) while second in the South Asia, says a global survey report. The ranking came in a report published by the Canadian-based news agency Visual Capitalist. It released a list of 191 countries based on the global …

Saudi Arabia’s Crown Prince Mohammed bin Salman said on Saturday more investment was needed in fossil fuel and clean energy technologies to meet global demand, and those unrealistic emission policies would lead to unprecedented levels of inflation. The prince said Saudi Arabia had announced raising its production capacity to 13 …

Bangladesh’s wheat import fell to its lowest in six years as many consumers switched to rice irked by surging prices of the grain. Public and private importers brought in 40 lakh tonnes in fiscal year 2021-22, down 25 per cent year-on-year as businesses drastically cut imports, according to food ministry …

Indonesia has scrapped its export levy for all palm oil products until Aug. 31 in a fresh attempt to boost exports and ease high inventories, finance ministry officials said on Saturday, adding the move would not disrupt government revenues. The decision by the world’s biggest palm oil exporter could further …

Dhaka, July 12: Bangladesh and Argentina want to strengthen the relations on all fronts including a robust trade relation with opening of an Embassy of Argentina in Dhaka soon. Bangladesh and Argentina on Tuesday signed a Memorandum of Understanding (MoU) on Foreign Office Consultation (FOC) at State guesthouse Padma. The …