Regional & International Economy

Shrimp exports from Bangladesh fell in the first quarter of the current fiscal year due to weak demand in the EU and the US markets, which have been gripped by the fears of a coming recession amid the ongoing Russia-Ukraine war. Considering the drop in export orders, overall export earnings …

Bangladesh received USD USD 769.88 million in remittance in two weeks of October (2-13), Bangladesh Bank data revealed on Sunday. Bangladeshi expatriates sent inward remittance of USD 1.54 billion in September – the lowest in last 7 months. After a decline in September, remittances showed a slow pace in October …

Bangladesh and Brunei Darussalam on Sunday agreed to explore mechanisms for long-term collaboration in the energy sector, particularly in the supply of Liquefied Natural Gas (LNG) and other petroleum products to Bangladesh. Visiting Brunei Sultan Haji Hassanal Bolkiah and Bangladesh Prime Minister Sheikh Hasina agreed for a long-term collaboration in …

The pound rose and government borrowing costs fell on Monday, as investors welcomed the news that Chancellor Jeremy Hunt is to fast-track tax and spending measures. Sterling gained 1% against the dollar to trade around $1.13 in morning trading. The news also saw the interest rate – or yield – …

Four Asian garment producing countries-Bangladesh, Indonesia, Pakistan and Vietnam-have united to fight against pollution by reducing hazardous chemicals use in textile production that pose significant risks to human health and environment. The $43 million initiative will support businesses to manage risks to workers and eliminate the most toxic chemicals from …

Four textile producing countries — Bangladesh, Indonesia, Pakistan and Viet Nam — have launched a programme to manage and reduce hazardous chemicals in textile industries with the aim of minimising risks to human health and the environment. The governments of the four countries under the initiative of UN Environment Programme, …

Many thought exports from Bangladesh to Russia would come to a halt after the Russia-Ukraine war began in February as the transcontinental nation was slapped with numerous sanctions and embargoes that restrained its import activities. However, shipments to Russia have since almost returned to full swing thanks to the establishment …

Bangladesh is well placed to ride out the global recession, which is looming large on the horizon, as the country has already tightened import payment amid good food production, economists have said, suggesting promotion of demographic dividend in workforce to avoid the economic slowdown. “The recession may affect the countries …

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged the Japan International Cooperation Agency (JICA) to establish a petrochemical industry in the Matarbari-Moheshkhali project area. “Bangladesh lacks a petrochemical industry. Therefore, a petrochemical complex is needed to keep the country’s industrial development and economic growth going,” FBCCI …

The injection of the US dollar into the market by Bangladesh Bank has surpassed $4 billion so far in the current fiscal year, creating further pressure on the country’s foreign exchange reserves that are now depleting fast. Bangladesh Bank supplied dollars to the market to the tune of $4.15 billion …