Regional & International Economy

Country Director of the Asian Development Bank (ADB) to Bangladesh Edimon Ginting noted that the overall trend of the country’s economy is ‘positive’. “The overall trend of the economy is still positive. But, if you can make the right policy, then you can make the economy stronger going forward,” he …

The State Bank of India has asked exporters to avoid settling deals with Bangladesh in the dollar and other major currencies considering the Bangladesh’s present economic situation and shortage of foreign currency. The lender issued a circular in this regard and sent it to its branch offices on August 24. …

Bangladesh needs to continue to execute its reform priorities under its national plans to maintain its growth trajectory and enhance macroeconomic stability amid uncertainties and rising inflation, said World Bank (WB) Vice President for South Asia Martin Raiser yesterday. He made the comment on concluding his maiden three-day visit to …

The country director of the Asian Development Bank (ADB) Edimon Ginting said the lender will continue to support the country’s rural and urban development and encourage investment in climate-resilient development. In line with the development goals of the government, about $2 billion in loan assistance is lined up for this …

Eight government Export Processing Zones (EPZ) of the country under the Bangladesh Export Processing Zones Authority (Bepza) did really well in terms of employment generation, export earnings, and investment in the last 2021-22 fiscal year (FY). The export earnings in FY2021-22 of the industries of EPZs hit all-time high growth …

Apparel export is likely to witness a negative growth in September after a positive streak of 14 months since August last year. According to the day-to-day export data, apparel export declined to $1.72 billion in the first 18 days of September, fetching a negative growth of 12.36%, from the same …

World Bank vice president for South Asia Region Martin Raiser sings the praise of Bangladesh’s constant progress which he bills a role model for many countries to follow. Officials said the visiting high official of the global development financier noted that Bangladesh is one of the highest recipients of World …

Six Bangladeshi companies have showed their interest to invest $457 million at Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram and Sabrang Tourism Park in Cox’s Bazar. They have prepared six investment proposals — one for the pharmaceuticals sector and the rest five for the hospitality sector. The economic zones’ authority …

Rajshahi Krishi Unnayan Bank (RAKUB) has disbursed loans of around Taka 143 crore for fish farming in the country’s northwest districts during the last 2021-2022 financial year, officials said. The state-owned specialized bank distributed the loan among 2,250 commercial fish farmers in all 16 districts under Rajshahi and Rangpur divisions …

Revenue collection by the National Board of Revenue (NBR) witnessed robust growth of 21 per cent in the July-August period of the current fiscal year thanks to the devaluation of taka, high inflationary pressure and expansion of the economy. As such, the NBR has collected Tk 40,270 crore from income …