Regional & International Economy

Bangladesh has asked the European Union (EU) to extend International Support Measures (ISM) for six more years after its graduation from the least developed countries grouping, in view of the current global economic situation. The request was made when PM’s Principal Secretary M Tofazzel Hossain Miah held meetings with the …

India’s new foreign trade policy, to be adopted from Apr 1, will take steps to support international trade using the rupee currency, the government said on Friday, as it looks to boost exports amid slowing global trade. FE The South Asian nation is prepared to trade in rupees with nations …

Fashion retailer H&M reported a surprise operating profit for the December to February period as cost-cutting measures started to bear fruit despite consumers curbing spending, but said a cold spell was holding back sales in March. While H&M showed signs of bringing its costs under control, it still struggled to …

Prime Minister Sheikh Hasina yesterday emphasised on enhancing economic cooperation between Bangladesh and Vietnam for the mutual benefit of the two countries. She made the observation while outgoing Ambassador of Vietnam Pham Viet Chien called on her at Gono Bhaban, Ihsanul Karim, the PM’s press secretary, told reporters. During the …

Asian Development Bank (ADB) is working to provide around $2 billion in budgetary support to Bangladesh this fiscal year in a co-funding initiative it plans to lead, a move that would to some extent relieve the existing pressure on the foreign exchange reserve. “We are working on it. I am …

The National Board of Revenue (NBR) has made electronic payment mandatory for all types of taxes in order to ensure real-time receipt and improve government’s overall cash flow. Officials at the tax administration said until now taxpayers have to pay up to Tk 500,000 through automated challan (A-Challan) or e-payment. …

Gold and silver prices rose in intraday trading on Friday on the back of an easing bank crisis and the interest rate hike by the European Central Bank (ECB). Gold prices reached as high as Rs 58,277 per 10 grams in intraday trade. The gold futures contract for April 2023 …

Bangladesh is expecting to achieve a major breakthrough in the free-trade negotiation with the Eurasian Economic Union (EAEU) scheduled to be held in Dhaka late this month. Signing a free-trade agreement (FTA) will top the agenda of the second meeting of the Joint Working Group (JWG) of Bangladesh and the …

The Bangladesh Garment Manufacturers and Exporters Association has apprehended that the export earnings’ growth might decline in March as global buyers changed their sourcing strategy due to geopolitical tensions and production plan in apparel factories were being disrupted. BGMEA president Faruque Hassan at a press conference on Saturday held at …

Turkey on Saturday announced that the extension of a deal that had allowed exports of Ukrainian grain to resume following Russia’s invasion, but it was unclear if it had been prolonged for 60 or 120 days. Russia said that it had agreed to a 60-day extension, while Ukraine’s infrastructure minister …