Regional & International Economy

Bangladesh Government and the Asian Development Bank (ADB) today signed an agreement for a US$250 million policy-based loan to further improve the social protection system in Bangladesh for supporting the vulnerable population against socioeconomic challenges. Fatima Yasmin, Secretary, Economic Relations Division, and Edimon Ginting, Country Director, ADB, virtually signed the …

Finance Minister AHM Mustafa Kamal has said a decision on raising the petroleum prices will come soon. “You will get informed whenever the decision is made,” he told reporters while virtually briefing on the outcomes of the two consecutive meetings of the Cabinet Committee on Economic Affairs (CCEA) and the …

The EU Member States have common interest to support Bangladesh in achieving their national goals and fulfilling international commitments in the field of renewable energy through the Team Europe Initiative. “The Initiative will allow us to better coordinate and consolidate our engagement in the Green Energy Sector and strengthen our …

The government is likely to adjust the petroleum fuel tariff every six months due to skyrocketing fuel prices in the international market amid the Russia-Ukraine war, State Minister for Power and Energy Nasrul Hamid told the Daily Sun. “We have no other alternative but to adjust the fuel tariff every …

Finance Minister AHM Mustafa Kamal is likely to place a Taka 6,78,064 crore budget for the next fiscal year (FY23) at Jatiya Sangsad (JS) tomorrow with the major challenge of reining inflation amid unfavourable global economic situation. This will be the country’s 51st budget and the 23rd of the Awami …

Ukraine hopes to make 1.5 billion euros from electricity exports to the European Union by the end of the year and earn more in the future after obtaining the right to export its energy there, a Ukrainian energy ministry adviser said on Wednesday. Former Soviet Ukraine’s electricity grid began planning …

Russia’s economy will shrink 15 percent this year and three percent in 2023 as the hit from Western sanctions, an exodus of companies, a Russian “brain-drain” and collapse in exports wipe out 15 years of economic gains, a global banking industry lobby group said. In its report on the Russian …

AHM Mustafa Kamal, whose life has been full of struggles, had dreamt of becoming the finance minister, so he consciously entered politics. The dream came true in January 2019. But with the fulfilment of the dream came challenges. Just days before the budget unveiling in the year, he was struck …

The surging inflation in Bangladesh has sent living costs to such an extent that many families are grappling to maintain a decent life with limited budgets, said the Centre for Policy Dialogue (CPD) yesterday. A four-member family requires at least Tk 29,206 to live in Dhaka even if they compromise …

Tesla Inc Chief Executive Elon Musk said on Saturday that the electric vehicle maker’s total headcount will increase over the next 12 months, but the number of salaried staff should be little changed, backtracking from an email just two days ago saying that job cuts of 10 per cent were …