Regional & International Economy

Jewellers have cut the prices of gold by Tk 1,166 per bhori after the prices went up several times this year. Bangladesh Jewellers Samity (Bajus) in a media statement on Tuesday also said the per bhori price of silver will remain unchanged. It said the new rates will be effective …

Improved access to the internet across the country has transformed the country’s rural economy. The landscape of works and employments in rural areas has changed radically as the government reached broadband interment up to unions. Till now, some 3800 unions have been connected with high-speed internet which was a daydream …

A Preferential Trade Agreement (PTA) between Bangladesh and Nepal is in the final stage, said the Commerce Secretary of Bangladesh Tapan Kanti Ghosh. Being present as the chief guest, he made this remark today at the business networking meeting between the Dhaka Chamber of Commerce and Industry (DCCI) and the …

The Asian Development Bank warned Tuesday that the highly mutated Omicron coronavirus variant could have a “substantial” economic impact, as it trimmed its 2021 and 2022 growth forecasts for developing Asia. Despite a sharp drop in infections and increased vaccination across the region stretching from the Cook Islands in the …

A persistent higher rate of inflation, the upward trend of the foreign exchange rate and deepening liquidity crunch could pose major challenges to the economy as the government looks to keep up the current economic recovery and accelerate it further. Both the government and the Bangladesh Bank should address the …

Auditing firms should play a vital role for Bangladesh’s smooth graduation to a developing country from the LDC and for achieving other development goals by discharging their duties with professionalism, said speakers at a programme on Saturday. However, there are some unscrupulous auditing firms who present doctored reports to misguide …

The new Omicron variant of Covid-19 could slow the global economic recovery, just as the Delta strain did, IMF chief Kristalina Georgieva said Friday. “A new variant that may spread very rapidly can dent confidence and in that sense, we are likely to see some downgrades of our October projections …

Finance Minister AHM Mustafa Kamal has urged the World Bank to extend loans against projects under budget support to ensure speedy implementation of development schemes. The minister made the call in a meeting between the Bangladesh delegation and the World Bank delegation held on Sunday at a city hotel, reports …

Cross-border trade through Hili land port in Hakimpur upazila of Dinajpur has been suspended indefinitely as Indian truckers are protesting allegations of weight tampering in export shipments, according to local businesspeople. Bangladeshi importers recently alleged that Indian trucks carrying their goods weighed less upon entry than the amount stated on …

The country’s exports jumped 31.25 per cent year-on-year to $4.04 billion in November, propelled by robust growth in apparel shipments and modest growth in other sectors. Exports stood at $3.57 billion in November 2020, provisional data of the Export Promotion Bureau (EPB) showed on Thursday. The apparel sector fetched $3.23 …