Regional & International Economy

The Federation of Bangladesh Chambers of Commerce and Industry has called for building a skilled workforce to achieve the sustainable development goals. Importance should be given to setting up technical and vocational training centres in every district and upazila along with conventional educational institutions, it said. FBCCI made the call …

Oil prices were little changed on Friday as the market balanced a weaker U.S. dollar and mixed U.S. jobs reports, but both crude benchmarks ended the first week of the year lower due to global recession concerns. Brent futures fell 12 cents, or 0.2%, to settle at $78.57 a barrel, …

Despite local and global uncertainty, Bangladesh’s expanding ICT sector did rather well in 2022. ICT exports from the country reached record highs last year as a result of businesses in the sector receiving an increasing number of orders from international customers for software, data processing, and IT-enabled services (ITES). Export …

The government may adopt the Indian experience in fuel import and distribution by the private sector as the government is drafting a policy for open market sales of petroleum fuels. Bangladesh has sought Indian cooperation and experience in open market fuel sales on the local market by private companies. During …

Chinese company SSH (BD) Sustainable Fashion Co Ltd has signed an agreement with the Bangladesh Export Processing Zones Authority (Bepza) to invest $24.05 million to set up a high-end garment factory in Bepza Economic Zone. Ali Reza Mazid, member (investment promotion) of the Bepza, and Sun Ge, managing director of …

State Minister for Foreign Affairs Md Shahriar Alam has expressed his optimism that France will continue to support Bangladesh’s bid for a GSP+ facility beyond 2029 under the European Union’s new GSP Regulation. Bangladesh is widely considered as a success story for the EU’s Everything-but-Arms (EBA) scheme, reports UNB. The …

Bangladesh’s external debts declined by about $2.53 billion to $92.69 billion at the end of September 2022, compared with the figure at the end of September 2021 amid volatility on the global foreign exchange market. The figure hit $95.23 billion at the end of June from $93.23 billion at the …

The import of essentials such as edible oil, chickpeas, dried peas and sugar fell in July-November as traders face difficulties in opening letters of credit (LCs) to purchase the items from international markets amid the US dollar shortage. This led traders and importers to warn that there might be a …

Oil edged lower on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state of the global economy. Brent futures for March delivery fell 13 cents to $81.97 a barrel, a 0.1 per cent loss, by 0511 GMT. US crude dropped 28 …

The dollar selling rate of the Bangladesh Bank went up to Tk 100 for the first time as it sold $78 million greenbacks to banks yesterday to help settle import payments, a central bank official said. Since the beginning of this fiscal year in July, the central bank has so …