Regional & International Economy

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) will start lobbying with major trading partners and blocs from next month to help get extension of the least-developed country benefits for six more years after Bangladesh’s graduation to a developing nation. The local apparel exporters think they will face tough competition …

The OECD raised its global economic growth forecast on Friday as inflation eases and China emerges from Covid restrictions but warned of vulnerabilities as seen in the US bank sector turmoil. The Organisation for Economic Co-operation and Development said it now expects the global economy to grow by 2.6 per …

Bangladesh needs to take cautious steps and ensure proper coordination among macroeconomic policies to face the challenges brought on by the Russia-Ukraine war, experts said yesterday. Owing to the fallout of the coronavirus pandemic, Bangladesh had been facing serious challenges even before the war broke out. The conflict, however, has …

Reforming economic policies in Bangladesh to avoid corruption and disparity and ensure good governance requires strong political will, not the conditions of the International Monetary Fund (IMF), said economists yesterday. Their comments came at a webinar titled “IMF’s loan: who consume, who repay” organised by the Forum for Bangladesh Studies, …

In a first for Bangladesh, a consignment of watermelon has been shipped to Malaysia through Chattogram port by Sattar International, a vegetable exporter based in the port city. The consignment of more than 13 tonnes of watermelon and 5 tonnes of tomato had reached a private inland container depot last …

According to recent data given by the Commerce Department’s Office of Textiles and Apparel (Otexa), garment exports to the United States increased by 15.43% year on year to $867.64 million in January, the first month of 2023, up from $751.67 million in the same month in 2022. Bangladesh ranked third …

The Department of Justice (DOJ) of the Philippines has said it will provide assistance to Bangladesh over the Bangladesh Bank heist in 2016. “We are trying to be of assistance to them. When our foreign friends ask for assistance, we do that. Tinutulungan talaga natin kasi (We help because) it’s …

After completion of the capital dredging of the Karnaphuli River, the shipping cost has come down as 10-metre draft vessels can now berth at the Chittagong port. FE Earlier, lighter ships used to transport goods to and from larger vessels anchored at the outer anchorage of the port, increasing the …

The government’s tax revenue earnings from the Dhaka Stock Exchange decreased by 17.22 per cent or Tk 3.42 crore in February, compared with that of January of the current financial year, as turnover decreased significantly amid confidence crisis among investors. In February of the current financial year, tax revenue from …

The government has approved the purchase of another shipment of liquefied natural gas (LNG) from the international spot market, the fourth since February, to ramp up electricity production ahead of Ramadan and the summer season. The cabinet committee on purchase, during a meeting yesterday, approved the procurement of 33.60 lakh …