Regional & International Economy

At the gates of the Black Sea, trade is in full swing as freighters and oil tankers sail from the heart of Istanbul to Russian and Ukrainian ports. Just after the Russian offensive in Ukraine on February 24 and the first Western sanctions, the largest vessels of international companies plying …

The government has set an inflation target of 5.5 per cent for the next fiscal year although the prices of basic commodities are sitting at elevated levels for higher commodities prices globally amid lingering supply chain disruptions and the Russia-Ukraine war. And economists say the goal for FY2022-23 might not …

Keeping consistency with the market, banks will determine the US dollar price. The instruction was given to banks of the country, on behalf of Bangladesh Bank, on Thursday (June 2). In this regard, Executive Director and spokesperson of Bangladesh Bank Sirajul Islam said the banks may fix dollar price keeping …

World food prices fell slightly for the second consecutive month in May but wheat prices rose again as Russia’s war in Ukraine rages on and India banned exports of the commodity, a UN agency said Friday. Russia’s invasion of Ukraine sent food prices to a record high in March as …

Foreign assistance disbursement jumped 58 per cent in the current fiscal year’s July-April period thanks to spending for vaccination, one-time budget support and implementation of mega projects, including that of the Russia-funded Rooppur nuclear power plant. Development partners disbursed $7.71 billion, up from $4.86 billion in the previous fiscal year, …

Export earnings, the largest source of foreign currencies for Bangladesh, slowed in May reflecting the fall in demand in western economies reeling from the crisis caused by higher inflation, the Russian–Ukraine war and supply chain bottlenecks. The country earned $3.83 billion in merchandise exports last month, up 23.24 per cent …

Bangladesh’s trade deficit shot up 53 per cent year-on-year to $27.5 billion in the July-April period of the current fiscal year as the surge in imports continued against lower export receipts, exceeding last year’s total shortfall. Bangladesh paid $68.67 billion in import bills in the 10 months ending in April, …

Finance Minister AHM Mustafa Kamal has said the upcoming national budget for the fiscal year 2022-23 will focus on economic recovery from uncertainties due to the Covid-19 impact and the Russia-Ukraine war. “We’ll try to bring dynamism to the economy,” he told reporters while briefing about the outcomes of the …

Remittance flows to Bangladesh declined 13.15 per cent year-on-year in May as higher rates of US dollars in the informal markets are prompting many migrant workers to shun formal channels, creating additional pressure on the country’s already heated foreign exchange market. The inflow stood at $1.88 billion last month compared …

Finance Minister AHM Mustafa Kamal today said that the government is trying hard to keep the impacts of the global economic situation on the common people at a minimum level through ensuring stabilization of economy and also maintaining growth. “We’re trying our best so that the country’s people are not …