Regional & International Economy

Bangladesh needs closer economic partnership with its regional peers to reap the benefits from enormous potentials of the current century which is predicted to be dominated by the Asian economies, economists have suggested. They called upon the policymakers to revisit the existing trade and investment policies and prepare those in …

Major oil producers are due to meet Thursday to decide on output levels from January onwards, which could be frozen as the new Covid variant Omicron sparks turmoil. The OPEC+ alliance led by Saudi Arabia and Russia has so far resisted US- led pressure to significantly boost output to rein …

Bangladesh signed memorandum of understandings (MoUs) worth $2.7 billion at the International Investment Summit 2021

The flow of remittance to Bangladesh fell sharply in November as the country’s expatriates continue to prefer informal channels for sending their money. Expatriate Bangladeshis sent $1.55 billion in November, down 5.48 per cent from a month earlier and 25 per cent year-on-year, according to data from Bangladesh Bank. This …

Prime Minister Sheikh Hasina yesterday asked the business community to take necessary preparations for the possible challenges they will face due to the graduation of Bangladesh to a developing country. “We may face many challenges here. But we’re always ready to face the challenges… We, the Awami League government, have …

According to the data, non-food inflation rocketed to 6.48% last month from 6.19% a month ago The rising prices of various commodities in the country, as well as in the international market, have begun to have an impact, especially on non-food products. The increase in the general inflation was driven …

Just as it was recovering from the body blow of the Covid-19 pandemic, the global economy has taken yet another hit from the Omicron variant of the virus, which has led to a raft of new travel restrictions. First reported to the World Health Organization in South Africa less than …

Private sector credit growth in Bangladesh accelerated to 9.44 per cent in October, the highest in 13 months as the economy is running in full swing, shaking off coronavirus fallout. The containment of the second wave of virus infections has largely encouraged businesses to go for expansion, bankers say. The …

There is an urgent need for addressing the existing barriers to attract more local and foreign investors for the sake of further development of the country’s stock market. Besides, more participation of institutional investors should be ensured along with popularising mutual funds to avert possible volatilities in the stock market. …

Prime Minister Sheikh Hasina yesterday urged the investors from across the world to invest in Bangladesh, making the best use of the opportunities the government is offering for foreign investment. “I believe investors will be able to learn more about the potential of different investment sectors in Bangladesh through this …