Regional & International Economy

OPEC members, led by Saudi Arabia, and other key oil producers agreed Saturday to extend historic output cuts through July, as oil prices tentatively recover and coronavirus lockdowns ease.

Expatriate Bangladeshis sent around $16.56 billion in remittance until June 3 of the current fiscal 2019-20, which is all-time high of any fiscal.

President Donald Trump threatened Friday to impose tariffs against the European Union and China in retaliation for duties imposed on imports of US lobster.

Between a rock and a hard place is where Finance Minister AHM Mustafa Kamal finds himself in as he is set to unveil his second budget on June 11.

The Asian Development Bank (ADB) has expanded the Trade Finance Program (TFP) to support private sector in Bangladesh by raising its financing limit to $755 million from $518 million at the end of last year.

The global economy is facing “staggeringly large” losses and the recovery effort is hampered by a shortage of resources to make up for the damage caused by the coronavirus pandemic, World Bank President David Malpass said Tuesday.

That the subsidy expenditure would go up next fiscal year as the government scrambles to keep the pandemic-induced recession from undoing decades of progress in alleviating poverty and elevating its citizens into the middle-class — was a given.

Country’s jute sector has occupied the second top position for the first time in the export trade by beating the leather sector with a total earning of US$ 79.13 crore in 2019-20 fiscal year which is 14 percent more than the last year’s and 17 per cent more than the target.

Oil prices fell due to concerns about riots in major US cities that could staunch demand after trading higher on optimism that OPEC would extend or enhance production cuts at a meeting in June.

A letter from BGMEA President Rubana Huq, asks EWM owner Philip Day to settle dues by May 29