Regional & International Economy

Earnings from merchandised exports from Bangladesh soared 51.18 per cent year-on-year in April to $4.73 billion helped by higher shipment of garments, home textiles and footwear, official figures showed yesterday. The higher flow of export receipts continues despite persisting global uncertainties emanating from the Russian-Ukraine war, dragging supply chain disruptions, …

Finance Minister AHM Mustafa Kamal has sought more development assistance from the Asian Development Bank (ADB) to properly address the challenges of the country’s graduation from the least developed country to the developed country. Kamal made the plea at a view exchange meeting with the visiting ADB Vice-President (Operations 1) …

None of us want to make the mistake — one of the mistakes — that Sri Lanka recently made concerning foreign exchange. They have a shortage of it there but, as I’ve said before, this is something that’s impossible with a free market. It’s only if you try to fix …

Bangladesh has received USD $2.09 billion in remittances in April, the highest amount in a single month of the current fiscal year. Bangladesh Bank (BB) published the updated information on Thursday (May5). According to the sector insiders, expatriates usually send more remittances to the country on the occasion of Eid …

The upcoming national budget for the 2022-23 fiscal year will put special focus on job creation as a tool for Covid-19 recovery while combining popular measures targeting the next elections. The Budget Monitoring and Resource Management Committee has primarily estimated the budget size at Tk 6,778.64 billion which is 15.4 …

Bangladesh is likely to get another $500 million worth of budget support from the Asian Development Bank (ADB) within this calendar year as the government has recently completed negotiations in this regard with the lender, officials said on Thursday. In the first tranche, they said, the Manila-based multilateral development bank …

The Advanced Chemical Industries (ACI) has recently got approval from the US Food and Drug Administration (FDA) to export its product directly from Bangladesh to the United States of America. ACI Healthcare Ltd, one of the subsidiaries of ACI Ltd, obtained the FDA approval for its healthcare establishment at Tripordi …

Almost 1,400 IP address has been used by hackers of Russia and Ukraine to launch cyberattacks on each other. This revelation comes after a recent investigation conducted by Bangladesh Government’s e-Government Computer Incident Response Team (BGD e-GOV CIRT or BD CIRT). Ever since the conflict erupted, according to several media …

The government needs to increase health sector budget to help citizens get rid of “out of pocket” health expenditure burden, former Bangladesh Bank governor Dr Atiur Rahman said. He cited that of the total health expenditure in Bangladesh, 73 percent comes from the pockets of the citizens and the remaining …

The government is likely to frame an expansionary Tk 2.46-trillion annual development programme (ADP) for the next fiscal year (FY), 2022-23, to facilitate economic recovery from the COVID-19 pandemic losses, officials said on Tuesday. The transport and communications sector is going to grab an allocation of Tk 698.69 billion in …