Regional & International Economy

Abdur Rouf Talukder, new governor of Bangladesh Bank, today said containing inflation would be his top priority. Talukder, who joined the central bank as its 12th governor today morning, also stressed the need for bringing back stability in the foreign exchange market by stabilising the exchange rate between the taka …

Foreign exchange reserves in Bangladesh have slipped below $40 billion after the Bangladesh Bank cleared the import payments to the Asian Clearing Union (ACU). The country settled import payments worth $1.99 billion with the ACU last week, plummeting the reserves to $39.80 billion today for the first time in nearly …

Oil prices fell on Tuesday on a strong dollar, and expectations of weakening demand due to fresh COVID-19 curbs in top world crude importer China and fears of a global economic slowdown. Brent crude futures fell $2.32, or 2.2%, to $104.78 a barrel by 0953 GMT, while U.S. West Texas …

Bangladeshi entrepreneurs at a apparel sourcing week underscored the need for taking pragmatic initiatives with strategic planning to grab potentialities of Indian market. They made the observation while participating in the ‘Apparel Sourcing Week 2022’ concluded on Sunday at the Sheraton Grand Bangaluru, India, said a press release. Bangladesh High …

With runaway inflation eating into incomes, staple foods have vanished from the tables of Zimbabweans like Emina Chishangwe, who lives in a poor dormitory town south of the capital Harare. “I can’t remember the last time I ate meat. It has become a luxury for some of us,” said the …

Japan’s core machinery orders slipped for the first time in three months in May, hurting hopes that a pickup in business spending would offset pressure on an economy struggling with surging costs of energy and other imports due to a weak yen. Core orders, a highly volatile data series regarded …

Foreign exchange reserves in Bangladesh could slip below $40 billion for the first time in nearly two years owing to regular import payments and a slowdown in remittance flow. Bangladesh will have to settle import payments worth $1.96 billion with the Asian Clearing Union (ACU) next week. The reserve may …

Leather, leather goods and footwear exports from Bangladesh reached a 10-year-high in the just concluded fiscal year thanks to the arrival of orders that shifted away from competitors, according to industry players. Exports were at a record high of $1,245 million in fiscal 2021-22 as importing countries reduced their dependency …

Thousands of low and middle-income urban and rural families in Bangladesh, often underserved by commercial banks, are expected to be able to take out affordable housing loans through IFC’s investment in the country’s first housing bond to be issued by BRAC Bank. In a first for the country, IFC will …

The National Board of Revenue (NBR) is struggling to achieve its revenue target, slowing the growth in tax collection and widening the deficit. During the first 11 months of the just-concluded 2021-22 fiscal year, the tax regulator saw a revenue deficit of Tk 363.10 billion from its periodical target. It …