Regional & International Economy

The Cabinet Committee on Government Purchase (CCGP) on Wednesday approved a number of proposals including import of a total of 180,000 metric tons (MT) of fertiliser. The committee also approved a proposal of the Bangladesh Bridge Authority to pay 65 percent of the payment in Bangladesh currency and remaining 35 …

Bangladesh needs to give more attention to the development of existing logistics infrastructure to achieve the targets set for export diversification, employment generation, and attracting foreign direct investment, said FBCCI President Jashim Uddin. He said the post-Covid pandemic situation and the Ukraine crisis have resulted in massive price hikes across …

Global economic growth prospects are confronting a unique mix of headwinds, including Russia’s invasion of Ukraine, interest rate increases to contain inflation, and lingering pandemic effects such as China’s lockdowns and disruptions in supply chains, according to the International Monetary Fund. In turn, the latest World Economic Outlook of the …

Commercial activities at an industrial estate of the Bangladesh Small and Cottage Industries Corporation (BSCIC) in Lalmonirhat are gradually winding down as it lacks a business-friendly atmosphere, according to entrepreneurs. Having started operations in 1990, the 15-acre BSCIC estate once housed 36 factories, of which just 11 remain as the …

The Bangladesh Bank on Tuesday raised the interest rate for loans from its export development fund (EDF) by 1 percentage point in a bid to make borrowing costlier and thus save foreign currencies. As per the new decision, the manufacturer-exporters will have to pay 4 per cent interest annually for …

The visiting IMF delegation and the Bangladesh authorities have reached a staff-level agreement to support Bangladesh’s economic policies with a 42-month arrangement of about US$ 3.2 billion under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) as well as of about US$1.3 billion under the Resilience and …

The money sent by the Bhutanese abroad to the country has improved by over 130 percent at Nu 1.45 billion (B) or USD 18.29 million (M) in July this year compared with the same month last year. This, according to the Royal Monetary Authority’s latest monthly bulletin was an increase …

The government and banks must take measures to encourage expatriates to send money through the banking channel in a bid to boost remittance inflow, experts said at discussion on Wednesday. The seminar titled ‘Remittance through legal channel: prospects of digital platforms’ was organised by the Economic Reporters’ Forum at the …

European wholesale gas prices have fallen from record peaks reached after producer Russia’s invasion of Ukraine, but energy bills remain sky high despite government help aimed at easing consumers’ pain. In Britain and the European Union, the impact of soaring gas and electricity bills has been cushioned to an extent …

A delegation of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) today met RAJUK chairman Anisur Rahman Miah to discuss about the effectiveness of Detailed Area Plan (DAP) to build a planned habitat and developed capital. FBCCI senior vice president Mostafa Azad Chowdhury Babu led the FBCCI delegation …