Regional & International Economy

Bangladesh’s digital education ventures, especially pivoted by EdTech startups, are expanding fast in the emerging new normal with foreign fund infusions, sources say. A phenomenal development is taking place in this vital sector in the interregnum emanating from long closure of regular classes amid the lingering global pandemic, they add. …

Finance Minister AHM Mustafa Kamal said Bangladesh made unprecedented development in the last 10 years, especially in the fields of agriculture, industry, trade and services. He thanked the International Fund for Agricultural Development (IFAD) for its support to develop the rural economy including agriculture, rural infrastructure, climate change issue and …

Sri Lanka was handed temporary relief from energy shortages and rolling blackouts on Wednesday with a $500 million loan from India to finance urgent oil purchases for the cash-strapped nation. The island’s economic woes have left thermal power generators unable to keep the lights on and disrupted transport networks, as …

Earnings from merchandise exports from Bangladesh surged 41.13 per cent year-on-year to $4.85 billion in January, the second-highest single month receipts, on the back of rebounding garment shipments. Shipments soared 30.34 per cent year-on-year to $29.54 billion in the first seven months of the current fiscal year, data from the …

Implementation of the Bangladesh, Bhutan, India and Nepal (BBIN) motor vehicle agreement will enable the adoption of a sub-regional protocol for a cost-effective, efficient and seamless multimodal transport system, according to speakers at a webinar. This will lead to a significant decrease in the cost of doing business and eventually …

Opec+ will likely stick to existing policies of moderate output increases on Wednesday, five sources from the producers’ group said even as it expects demand to rise to new peaks this year and as oil prices trade near their highest since 2014. The group, which comprises of the Organization of …

Benapole Customs House has recorded a 29.78 per cent growth in revenue earning in the first seven months of FY2021-2022, up from 19.48% during the corresponding period last year despite Covid-19 disruptions, customs sources said. According to the sources at Benapole Customs House, revenue earning from trading along this border …

Expatriate Bangladeshis sent $1.7 billion in foreign exchange or remittances to the country on January this year, Bangladesh Bank sources confirmed. In Bangladeshi currency, the amount is equivalent to Tk 14,620 crore (Tk 86 per dollar), which is more Tk 600 crore more compared to the previous month December. Compared …

Almost all listed pharmaceutical companies in Bangladesh registered higher profits in the first half of the ongoing financial year (FY) thanks to increased health consciousness amid the coronavirus pandemic. Among the 10 major drug makers that recently disclosed their latest financial reports, nine companies logged higher profits while only Silva …

Dhaka and Bangkok have agreed to raise bilateral ties to a newer height through further intensifying trade and investment relations between Bangladesh and Thailand, reports BSS. This was discussed in a telephone conversation between Bangladesh foreign minister Dr AK Abdul Momen and his Thai counterpart Don Pramudwinai today. During the …