Regional & International Economy

Sri Lanka’s inflation hit a seventh consecutive record at 33.8% in April, as a petrol shortage worsened, and food prices rose sharply, shooting to 45.1% year-on-year. (DT)

Bangladesh has purchased LNG and fertiliser at lower prices from the international market compared to previous rates as prices of the two products fall on the international market. Such an indication was found from the government’s latest purchase of the two essential products. The approval of the Cabinet Committee on …

The country’s health sector needs adequate allocation in the upcoming national budget as per the recommendation of WHO to ensure proper health services for all, say experts. “Bangladesh’s budgetary allocation for the health sector is lower than other countries. I demand at least 10 percent of the total budget for …

Serbian Foreign Affairs Minister Nikola Selakovic has expressed his country’s interest in investing in the food storage industry of Bangladesh. The visiting minister expressed his interest during a courtesy call on FBCCI senior vice-president Mostofa Azad Chowdhury Babu on Thursday. Selakovic said his country’s storage companies are one of the …

South Korean company HKD Bangladesh is going to establish an industry in Bepza Economic Zone to manufacture a range of camping equipment, from tents and sleeping bags to nuts and steel wires. The company will invest $35.03 million to set up the facility where 6,650 Bangladeshis will get employment opportunities, …

Bangladesh’s national currency may weaken further against the US dollar as the central bank has moved to restore stability in the foreign exchange market. The new interbank exchange rate, the rate charged on short-term loans made between banks, could see the taka slide by another Tk 2, said the managing …

Russia’s central bank cut its key interest rate Thursday following an emergency meeting, as authorities seek to rein in the rouble which has surged in value despite the conflict in Ukraine. The Bank of Russia slashed the rate to 11 per cent from 14 per cent, saying external conditions for …

Earnings of Bangladesh Shipping Corporation (BSC) rose 183 per cent year-on-year in the January-March quarter of the current financial year on the back of a significant increase in fares in the shipping sector internationally. The state-run organisation reported earnings per share (EPS) of Tk 3.31 for the quarter, which was …

Palm oil prices in domestic wholesale and retail markets have started cooling off after Indonesia announced that it would resume exports of the product. Palm oil imports had become uncertain after Indonesia, a major global supplier of the product, banned exports on April 28. Yesterday though, loose palm oil was …

Central banks around the world have commenced hiking policy rates in order to contain the inflationary pressure stemming from the ongoing global supply chain disruption and demand recovery. Bangladesh has also not been spared from the rising prices, which have also been driven by higher commodity costs. In addition, the …