Regional & International Economy

Bangladesh has recorded its highest single-month export earnings at $4.16 billion in September this year thanks to a strong rebound of garment shipments amid a recovery of the global supply chain from the severe fallout of the Covid-19 pandemic.

The Asian Development Bank is providing $1.78 billion in loans to Bangladesh under the multi-tranche financing facilities, making it the highest proposed financing from the Manila-based lender against any single project.

More than 40,000 workers went abroad with jobs in the first eight months of the current calendar year, contributing to the country’s overseas job sector and remittance earnings.

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is expecting to obtain GSP Plus facilities in the European Union (EU) market after the country’s graduation from the Least Developed Countries (LDCs).

The East Asia and Pacific region’s recovery has been undermined by the spread of the COVID-19 Delta variant, which is likely slowing economic growth and increasing inequality in the region, the World Bank said on Monday.

From shoes and sweaters to car parts and coffee, Vietnam’s strict and lengthy coronavirus lockdown has sparked product shortages among worldwide brands such as Nike and Gap which have grown increasingly dependent on the Southeast Asian nation’s manufacturers.

Government is exporting around 4,600 tons of ilish to India through 115 firms this year

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Faruque Hassan has invited foreign investors, including the Bangladeshi business community living in the US, to choose Bangladesh as their preferred and ideal investment destination.

The Kingdom of Saudi Arabia (KSA) has expressed its interest to invest in Bangladesh under the Saudi Public Investment Fund, Prime Minister’s Private Sector Industry and Investment Adviser Salman F Rahman said here today.

The Asian Development Bank (ADB)  approved on Friday a $250 million policy-based loan to support Bangladesh’s economic recovery following the COVID-19 pandemic.