Regional & International Economy

International Trade Union Confederation (ITUC) has found fresh evidence of violation of workers’ rights in three major industrial sectors of Bangladesh. The three sectors are: readymade garment (RMG), ship-breaking and leather sectors where it also found unfair labour practices, anti-union discrimination, unsafe workplaces, violence against workers and non-payment of wages …

The Russian rouble fell in light trading in Moscow on Friday, with trading on separate exchanges stabilising beyond 100 to the dollar, after the central bank opted to hold rates at 20 per cent and said it would start purchasing OFZ government bonds. The central bank kept its key interest …

State-run Trading Corporation of Bangladesh (TCB) will begin its sale by trucks on Sunday to provide essential items to some one crore low-income group families ahead of the forthcoming holy month of Ramadan. The essential items will be sold in two phases. In the first phase, TCB will sell the …

Rangpur, known as the largest potato producing area of the country, has begun exporting improved varieties of potatoes to several countries in the Middle East and Southeast Asia, including Saudi Arabia, Malaysia and Indonesia since Thursday. An initial order of 4,500 tons of potatoes has been received, according to local …

State-owned Bangladesh Shipping Corp is seeking $22.4 million from its insurer for a cargo ship hit by a missile in March, government officials with knowledge of the talks said, in the first major marine insurance claim from the conflict in Ukraine. The UN’s shipping agency said last week it would …

Oil prices tumbled to their lowest levels in almost three weeks on Tuesday as supply disruption fears eased and as surging Covid-19 cases in China spurred demand concerns. Brent futures were down $6.40, or 5.9 per cent, to $100.50 a barrel at 1308 GMT, while US West Texas Intermediate (WTI) …

Medicine exports to the developed countries are steadily growing riding on the attainment of regulatory approval from the US, European and some other countries helped by Bangladesh’s capacity to produce high-quality drugs at affordable prices. As a result, shipment rose significantly in the markets of the US, the UK, Australia, …

Korean Ambassador to Bangladesh Lee Jang-keun stressed that the Ready-Made-Garments cooperation has been the symbol and model of successful bilateral ties between Korea and Bangladesh for the past five decades. The South Korea envoy told this during his meeting with Commerce Minister Tipu Munshi on Sunday (March 13). Mentioning that …

Container storage rent at the Chattogram port from tomorrow could quadrupled for stays of excessive periods as Chittagong Port Authority (CPA) looks to force importers to promptly take deliveries and free up space. Over the past couple of weeks, importers had been apparently slow in picking up their goods every …

Crude prices surged Tuesday as the US banned Russian oil imports, while nickel prices rocketed to a record peak on Russian supply fears. While remaining below Monday’s peak of $139.13 per barrel, the main international oil contract, Brent, jumped 6.8 per cent to $131.63. The main US contract, WTI, rose …