News

The country’s remittance earnings from two western countries — the United States and the United Kingdom — have doubled in the last four years, a reflection of growing employment and migration of Bangladeshi nationals to these two countries.

Earnings from merchandise exports significantly rebounded in August by 14 per cent year-on- year to reach $3.38 billion, buoyed by garment shipments, particularly knitwear items.

Bangladesh stocks have continued their foray into new territory, ending yesterday with a new high amid increased participation of buoyant investors.

The world’s main central banks were seen as saviors of the global economy in the wake of the 2008 financial crisis and when the coronavirus pandemic hit last year, but they are less than unified when it comes to addressing climate change.

Land prices in Dhaka are currently on an upward incline, driven by a population growth that currently stands at over 20 million, says London-based Research Intelligence Unit

Remittance inflow declined 8 per cent year-on-year in August to $1.8 billion, the lowest in the past six months, as money transfers through informal channels such as “hundi ” have increased, according to various experts.

Fisheries and Livestock Minister SM Rezaul Karim said that marine fisheries have a huge role to play in the development of blue economy.

Garment exporters have been feeling the pinch of an unusual rise in the cost of production fuelled by hikes in yarn prices and freight charges in the wake of a recovery in export during this time of Covid-19.

Bangladesh Bank yesterday said borrowers of non-bank financial institutions (NBFIs) would not become defaulters until December if they pay 50 per cent of their loans’ instalment.

The world’s leading oil producers are expected to uphold a July deal to slowly boost output at a meeting on Wednesday, despite US pressure to go further.