Regional & International Economy

Italy has expressed interest to invest in Bangladesh’s leather industry. Italian ambassador to Bangladesh Enrico Nunziata expressed the interest today during a meeting with Bangladesh Small and Cottage Industries Corporation (BSIC) chairman Mushtaq Hasan at BSIC building in the capital, said a press release. After the meeting, the BSIC chairman …

Bangladesh’s remittance earnings from Malaysia and Singapore have suffered a major setback in the JulySeptember quarter of 2021 as fresh recruitment to the countries from Bangladesh has remained almost halted. Although the overall remittance inflow in the country dropped by 19.44 per cent year-on-year in July-September of 2021 period, the …

Different Bangladeshi products, especially the country’s traditional Nakshikantha, Jamdani Saree, Dhakai Moslin Saree, jute and wood carving crafts, would be displayed in the 40th India International Trade Fair (IITF)-2021 beginning tomorrow in New Delhi. The fair is being held from November 14-27 at the revamped exhibition halls at Pragati Maidan …

Dhaka urged the European Union (EU) to continue trade preferences to Bangladesh even after the country graduates from world’s poor-country club, under unimpeachable economic partnership. The call came from Finance Minister AHM Mustafa Kamal when newly appointed EU ambassador to Bangladesh Charles Whiteley met him in a courtesy call at …

Economists said that such an imbalance in imports and exports will likely have a major impact on the domestic dollar market The growing elasticity of trade deficit has put pressure on foreign trade, as the current deficit figure of $6.503 billion in the first quarter (July-September) of the current fiscal …

The development agency of France will provide €330 million for the implementation of development projects in Bangladesh. Bangladesh and France have signed three agreements in this regard. Of the €330 million, Agency France Development (AFD), a development bank and cooperation agency, will provide €200 million for budget support due to …

Only Pakistan and Sri Lanka sold diesel at prices lower than that of Bangladesh as of Tuesday, but diesel is more expensive in India, Bhutan, Maldives, and Nepal Despite the recent hike in the price of diesel in Bangladesh, the country still offers the fuel at a cost lower than …

The Asian Development Bank (ADB) joined today at COP26 with the government of the United Kingdom and the Nordic Development Fund (NDF) to launch the Community Resilience Partnership Program (CRPP). The programme aims to strengthen climate resilience for local communities, including for women and girls, by scaling up climate adaptation …

Kido Dhaka Company Ltd, a Dhaka-based South Korean company, is going to establish a high-end garments and sportswear manufacturing industry at Adamjee Export Processing Zone with an investment of $31.17 million. This fully foreign-owned company will annually produce two million pieces of different types of jackets made of cloth, leather, …

The country’s apparel exports to the United States, in terms of both volume and value, continued to rise and maintained a double digit growth during the first nine months of this calendar year. Bangladesh fetched US$ 5.0 billion from readymade garment (RMG) exports to its single largest destination during the …