Regional & International Economy

India’s prime minister said Saturday his country has done well in containing the coronavirus pandemic and announced $1.46 trillion in infrastructure projects to boost the sagging economy, reports AP.

This is expected to have knock-on benefits for a further 300,000 people in Bangladesh’s poorest communities

Finance Minister AHM Mustafa Kamal today expressed his satisfaction at the 5.24 percent GDP growth rate and $2,064 per capita income attained by the country in the last fiscal year (FY20).

For years, Bryant Park Grill & Cafe in midtown Manhattan has been one of the country’s top-grossing restaurants, the star property in Ark Restaurants’ portfolio of 20 restaurants across the United States. But what propelled it to the top has vanished.

Well thought-out investment planning helps raise economic growth rates, increases competitiveness, offers new economic opportunities, and bolsters improvements in human capital, said a new World Bank report.

Energy giant Saudi Aramco said on Sunday its second-quarter profits plunged a massive 73 percent due to sharply lower oil prices as the coronavirus crisis undercuts global demand.

The Asian Development Bank (ADB) has approved additional $3 million as grant assistance for procuring urgently needed medical supplies for emergency response to the coronavirus (COVID-19) pandemic in Bangladesh.The Government of Japan is financing the grant assistance sourced from the ADB-administered Asia Pacific Disaster Response Fund, said an ADB press …

The government’s borrowing in July, the first month of the current fiscal year 2020-21, stood at Tk 18,056 crore that included Tk 13,087 crore it borrowed through treasury bills and bonds and Tk 4,969 crore given by the Bangladesh Bank.

The country’s trade deficit widened by 12.79 per cent year-on-year in the last fiscal year 2019-2020 due mainly to a plunge in export earnings during the countrywide shutdown amid the coronavirus pandemic.

The country’s foreign exchange reserve reached an all-time high of $37.10 billion on Tuesday amid falling import payments and moderate inflow of remittance.