Regional & International Economy

The International Chamber of Commerce Bangladesh (ICCB) on Monday underscored the need for adopting policies for new economic processes and structures to create a fairer, more equal world and to save the planet. “The world is facing an inequality crisis. Fourteen percent of the global populations living in 46 countries …

Bangladesh’s foreign currency reserve has experienced a slight respite due to the inflow of remittances ahead of Eid-ul-Fitr, with expatriates sending over $1.1 billion during the first 17 days of April. “Till Monday, the remittance inflow topped $1.1 billion,” said Mesbaul Haque, executive director at Bangladesh Bank, speaking to the …

The cost of the Padma Multipurpose Bridge’s construction has increased by Tk 2,412 crore while its completion deadline has been extended by one year till June 2024. The Executive Committee of the National Economic Council (Ecnec) yesterday approved the project’s third revision with Prime Minister Sheikh Hasina in the chair …

Jatri, the preeminent platform for mass mobility in Bangladesh, has successfully raised an oversubscribed Series A investment round led by SBK Tech, a Singapore-based Venture capital fund along with participation from notable global investors, including ALSA, Genting Ventures, DVC, and Doha Tech Angels, among others. In addition, existing investors such …

Safety in large export-oriented garment factories in Bangladesh has improved but global apparel brands and retailers continue to put exploitative economic pressure on the factory owners, according to a global report. FE It also showed that the low-paid workers are the worst sufferers of such practices as factory owners are …

Sugar prices have reached a record high internationally, which has had a ripple effect on Bangladesh’s wholesale markets, including those in Dhaka and Chattogram. In a span of a week, the price of each maund (around 37 kilogrammes) has increased by Tk 200 to Tk 250. At the retail level, …

Bangladesh has extended the repayment period of the loan it had given to Sri Lanka by six more months as the Island nation continues to struggle to fix its debt crisis, officials say. Earlier, the central bank of Sri Lanka had sought time from Bangladesh to make the first instalment …

The business sector in Bangladesh has been going through severe challenges for the past four years, which, for many, have been the toughest period in decades, with the coronavirus pandemic being the dominant factor in the early part before the Russia-Ukraine war broke out. Today, we are running the fifth …

Two vessels, JS URAGA (Mine Sweeper Tender) and JS AWAJI (Mine Sweeper Ocean) of the Japan Maritime Self-Defense Force (JMSDF) arrived at Chattogram Port on Sunday for a goodwill port visit. They will stay in Chattogram till 11 April 2023. Captain NAKAI Eiichi, Commander, Minesweeper Division One, and his officers …

Bangladesh Bank (BB) has reset the ceiling of the loans in US dollars from the Export Development Fund (EDF) to manufacturers and exporters for input procurements. The central bank took the decision implementing the guidelines of the International Monetary Fund (IMF) with a view to stopping a further fall in …