Regional & International Economy

The country may see a bumper production in the current Aman season that will add a large quantity of the staple grain to the national food basket. Aman harvest has already begun across the country. Its production has been projected to increase 13 lakh tonnes more than the previous year’s. …

Just a month before the Group of Seven rich countries plan to cap the price of Russian oil, officials are racing to finalize details, leaving traders, shippers and insurers with questions about the price level and how it will work. Officials from the United States and its G7 allies plan …

After posting an increase two weeks earlier, wheat prices declined by 8 per cent globally in October, driving the decline in the cereal price index, according to the World Bank’s Food Security Update. Wheat prices, however, were 17 per cent higher last month than in October last year. Worldwide, food …

Eight treasury bonds and bills have changed hands on the secondary market in the last 19 working days since the trading was allowed on October 10. A total of 250 treasury bills and bonds, with tenures of two to 20 years, were tradable on that day with a market capitalisation …

The government should restore discipline in the banking sector as some banks made abnormal profits by selling US dollars cashing in on the exchange rate volatility, FBCCI President Md Jashim Uddin said today. “Some banks even have made Tk 200 crore to Tk 300 crore within a short span of …

Consumers are in trouble as wheat prices have rapidly gone up in the country, with insiders saying that is more than rice prices. Rice is the staple food grain of the majority in Bangladesh. However, because flatbread is less expensive than rice, it is popular among rural and the low-income …

Bangladesh’s foreign currency reserves have dropped below $36 billion, 28 months after crossing the mark, despite the government’s austerity measures to save dollars, bdnews24.com reports. According to the Bangladesh Bank, the reserves stood at $32.48 billion in December 2019 and it began rising afterwards. The reserves reached $48 billion, a …

Resource constraints, including shortage of capital, required policy support and failure to attract desired foreign direct investment (FDI) in the country’s potential sectors, are the major obstacles in diversifying export baskets over the years, experts and economists said on Thursday. Moreover, absence of integrated trade and sector strategies and follow-on …

The country could not harness the export potential of Malaysia because of high tariff imposed on Bangladeshi goods, Commerce Minister Tipu Munshi said today. The high tariff has been working as a deterrent factor on shipment of goods from Bangladesh to Malaysia, the bilateral trade is swelling towards Malaysia, he …

A delegation of the International Monetary Fund (IMF) will be visiting Dhaka from October 26 till November 9 this year to start discussions with the Bangladeshi authorities on economic and financial reforms and policies. The objective of the visit is to make progress towards a staff-level agreement on a prospective …