Regional & International Economy

Growing fears of a US recession weighed on equities Thursday as traders gear up for the release of key jobs data that could determine the Federal Reserve’s next interest rate decision. After a few weeks of gains fuelled by hopes the central bank would soon take its foot off the …

The deficit in Bangladesh’s financial account widened substantially in the first eight months of the ongoing fiscal year, in an indication that the current stress in the foreign exchange regime will continue in the coming months. Between July and February of 2022-23, the financial account of the balance of payments …

The country’s export earnings from goods during the July-March period of the current fiscal year (FY23) reached $41,721.62 million having an overall growth of 8.07 percent. The single-month export earnings in this March totaled $4,643.94 million, according to the latest statistics of the Export Promotion Bureau (EPB). The EPB data …

Law Minister Anisul Huq today said that the government is committed to make the best possible business-friendly rules and regulations. “Through alternative dispute resolution mechanism, we can get faster access to justice. Government is committed to make best possible business friendly rules and regulations. Arbitration Act 2001 may be revisited,” …

Inward remittance flow to Bangladesh witnessed a seven-month high in March as expatriate Bangladeshis sent a remarkable amount of greenback worth around $2.02 billion to their near and dear ones centring the upcoming holy Eid-ul-Fitr. Expatriates sent home $2.02 billion last month, the highest since September last year when $1.53 …

Businesses on Sunday said that the Arbitration Act should be reviewed for quick dispute settlement to promote ease of doing business so that foreign investors become confident to invest more in Bangladesh. At a seminar on revisiting Arbitration Act 2001 for promoting FDI in Bangladesh, arranged by the Dhaka Chamber …

The budget for the upcoming fiscal year of 2023-24 will not be over-ambitious considering the global economic crisis and instability, said Planning Minister MA Mannan. “Bangladesh’s economy is quite stable now but there is no scope to become complacent due to ongoing global geo-economic challenges.” He made the comments at …

Commerce Minister Tipu Munshi yesterday expected that Bangladesh and Indonesia would be able to ink a bilateral preferential trade agreement soon. Munshi expressed his optimism at a meeting with Indonesian Ambassador to Bangladesh Heru Hartanto Subolo at the commerce ministry. At the meeting, the ambassador agreed to advance in regards …

Export earnings dropped for the first time in five months in March because of a slowdown in the global economy following the severe impacts of the Russia-Ukraine war and Covid-19, official figures showed yesterday. Exporters brought home $4.64 billion last month, down nearly 2.5 per cent from a year earlier, …

Apparel import to the European Union (EU) – the largest destination for Bangladesh’s readymade garment (RMG) – witnessed an encouraging growth of 35.69% to $22.89 billion in the last calendar year, up from $16.87 billion in 2021. The European Statistical Office (Eurostat) published their latest import statistics compiled by the …