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Forty countries have confirmed participation in the upcoming Eastern Economic Forum, the press service for the Roscongress foundation said. “A month before the opening of the 7th Eastern Economic Forum, representatives of 40 countries have confirmed their participation in it. Such significant interest in the forum shows that the Eastern …

The government is giving priority to sending skilled workers abroad to help boost remittance inflow, said Expatriates’ Welfare and Overseas Employment Minister Imran Ahmad on Thursday. He said there is a good demand for Bangladeshi workers in different countries, which are emphasising hiring skilled workers having language expertise. “We believe …

Banks in Bangladesh have been allowed to calculate their stock market exposure limit on the basis of the purchasing price of the securities they own instead of their market value. Stock market intermediaries have long demanded the Bangladesh Bank permit banks to compute their exposure on the basis of costs. …

Three ships carrying a total of 58,041 tonnes of corn have been authorised to leave Ukrainian ports on Friday as part of a deal to unblock grain exports, as a Russian offensive forced Ukraine to cede territory in the east. The first vessel carrying Ukrainian grain allowed to leave port …

Businesses yesterday expressed concern over running production in industrial units because of ongoing power cuts, low pressure of gas in supply lines and high energy prices. Many industrial units, especially export-oriented small and medium garment units, are said to be having to subsequently delay shipments. The concerns were expressed at …

Grameen Euglena, a joint venture between Japan’s Euglena Co Ltd and Bangladesh’s Grameen Krishi Foundation, has been processing moong dal collected from Patuakhali and exporting it to Japan since 2018. And although the company’s exports had declined due to various difficulties amid the Covid-19 pandemic, the situation has now normalised …

The wage growth in Bangladesh declined to a seven-year low of 6.06 per cent in the last fiscal year, highlighting the struggle low-paid workers are facing owing to the higher cost of living, official figures showed. The growth rate in 2021-22 is six basis points lower than the previous fiscal …

State-run mobile network operator Teletalk has yet again failed to pay fees to the Bangladesh Telecommunication Regulatory Commission (BTRC) for the spectrum it acquired in the latest auction. The commission has recently written to the operator, seeking Tk 100.75 crore in spectrum assignment fees and value-added tax. But it didn’t …

Bangladesh’s foreign exchange reserves are in a stronger position than those in number of other developing countries as garments and foreign exchange remitted by Bangladeshi workers abroad are the main pillars of the economy. “The impact of the Covid-19 pandemic on the economy, which is also constrained by the Russia-Ukraine …

Exodus of the foreign portfolio investments from the country’s stock market has continued for the past four consecutive financial years with the foreign investors withdrawing Tk 1,760 crore in the past financial year 2021-22 amid volatility on the financial market, market manipulation, frequent policy changes and pressure on the exchange …