Regional & International Economy

Russia’s ruble plunged nearly 30 per cent against the dollar Monday after world powers imposed fresh, harsher sanctions on Moscow over its invasion of Ukraine. The ruble was indicated to be down 27 per cent at 114.33 per dollar in offshore trading, according to Bloomberg News. The United States and …

Bangladesh will lose one of the most promising apparel export destinations if various Russian lenders are excluded from the SWIFT messaging system in response to the country’s invasion of Ukraine, entrepreneurs warned. Western nations announced on Saturday a harsh set of sanctions to punish Russia for its invasion of Ukraine, …

Bangladesh’s progress in terms of achieving the sustainable development goals (SDGs) has been quite exceptional and the country is now seen as a role model for sustainable development, particularly in terms of locally-led adaptation. While Bangladesh’s achievements have been great, there are still some challenges on the road to achieving …

Oil prices soared past $100 for the first time in more than seven years on Thursday after Russian President Vladimir Putin announced a “military operation” in Ukraine, apparently realising fears he would invade. Brent surged to $100.04 a barrel after the announcement, as concerns grew about a full-scale conflict in …

A total of 1,000 acres of land in Araihazar upazila of Narayanganj has been prepared for a special economic zone (SEZ) dedicated to Japanese investors, according to Finance Minister AHM Mustafa Kamal. The Bangladesh Economic Zones Authority (Beza) and Bangladesh SEZ Ltd will now sign an agreement to set up …

Finance Minister AHM Mustafa Kamal expressed his high optimism that Bangladesh would get more foreign direct investment (FDI) in the coming days since the country is a very good destination for making investments. “Bangladesh is a very good place for making investment. Bangladesh is not lagging behind in attracting investment …

Bangladesh recently discussed the possibility of cooperating with Australia to explore offshore gas and renewable energy sources as a part of the country’s effort to ensure energy security and address the challenges of climate change. The two countries also exchanged views on the Indo-Pacific considering the growing interest in the …

The government plans to increase the budget in the transport and communication sector by 14 per cent annually to make it cost-effective and efficient to ensure the socio-economic progress of the country. Total spending for this sector is projected at Tk 861.62 billion in FY24 while Tk 787.76 billion in …

Mapped in Bangladesh (MiB), a 5-year project has compiled and mapped some 3,630 export-oriented ready-made garment (RMG) factory data using the factory census method throughout Bangladesh. As of January 2022, it has mapped some 3,630 factories. MiB project is being implemented by the Centre for Entrepren-eurship Development (CED) of Brac …

The government is planning to boost the country’s export of leather and leather goods to US$ 12 billion by 2030, officials said. The time for fulfilling the target has been fixed between 2021 and 2030, and the timeframe would be coordinated with the export policy. The projection has been fixed …