Regional & International Economy

Farmers of the Burichang upazila of the district have produced huge vegetable seedlings between the Bengali months of Bhadra and Agrahayan and earned foreign currency by exporting abroad. Sameshpur village is in the middle of the area where one side is the Gomati River and other side is the Rani …

Jakarta is keen on signing a preferential trade agreement (PTA) with Dhaka by April this year. Sources said that the Indonesian Embassy in Dhaka has informed the Foreign Ministry regarding the issue. Indonesia has finalized its end on formulating a revised offer list for the negotiation of BI-PTA and it …

The United Kingdom and Bangladesh agreed to enhance the bilateral trade partnership to increase mutual prosperity ahead of and after Bangladesh’s graduation from the least developed country (LDC) status. The UK recognised Bangladesh’s economic growth and resilience against the widespread impacts of the global pandemic and the ongoing global economic …

Businesses in Bangladesh have to wait more than six months to get necessary approvals for starting their ventures in the country while investors in Vietnam get the approvals within only 35 days, Bangladesh Investment Development Authority executive chairman Lokman Hossain Miah said on Sunday. Mentioning the situation as one of …

Bangladesh is now ready to receive foreign investment, said president of the Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) Md Jashim Uddin. He also said that while the whole world was weathering a turbulent economic situation, it also impacted Bangladesh like other countries of the world. “However, despite …

BGMEA President Faruque Hassan has met with Bangladesh Ambassador to France Khondker M Talha at the embassy in Paris to discuss ways to strengthen trade ties with France. They had discussions about issues pertaining to the RMG industry of Bangladesh including its current and upcoming challenges, particularly how Bangladesh could …

Inflation or prices of many products, including essential commodities, will come down if the same happens in international markets or if import duties are adjusted, not if interest rates are hiked, said FBCCI President Md Jashim Uddin yesterday. “If the interest rate is increased, will people buy less? Already people …

Russia and Ukraine have become major sources of wheat for Bangladesh after India’s ban of its shipment, thanks to a United Nations and Turkey brokered grain deal that allowed moving the cereal from Ukraine over the Black Sea. Importers said they started importing wheat from both countries a couple of …

The government has received $476 million as the first tranche of a new loan programme of the International Monetary Fund (IMF). IMF Conditions As usual, the IMF loan programme has attached reforms in major economic areas for which the government needs to fulfill 45 conditions to get the entire amount …

State Minister for ICT Zunaid Ahmed Palak has urged Japanese IT entrepreneurs to invest more in Bangladesh, taking the opportunity of the country’s “competitive strengths and policy incentives”, reports UNB. He was speaking at the webinar “Investment Opportunities in Hi-Tech Parks in Bangladesh” hosted by the Embassy of Bangladesh in …