Regional & International Economy

ADB is establishing a secretariat to operationalize the hub

Bangladesh’s remittance inflow grew up by 39 per cent to $20.67 billion in the first 10 months (July-April) of the current fiscal year.

Bangladesh requested Indonesia to offer its readymade garments duty free benefits and not to impose safeguard measures on its textile products

The upcoming budget should focus on health, social protection and job creation to shield the people from the impacts of the second wave of the coronavirus, instead of putting too much attention on economic growth, the Centre for Policy Dialogue (CPD) said yesterday.

The Asian Development Bank on Wednesday said that the second wave of Covid outbreak might erode at least 1 percentage point of Bangladesh’s potential gross domestic product growth in the current fiscal year 2020-2021.

The government has selected 17 products to promote in the post-Covid era and to enhance their exports after Bangladesh graduates from the least developed country (LDC) to lower middle income status, officials said.

Regional cooperation can bolster the South Asian capabilities to fight the pandemic and its economic losses in the near term and simultaneously bring long-term benefits through increased intra regional trade, acceleration in shared growth and poverty reduction, according to International Chamber of Commerce Bangladesh (ICCB) quarterly News Bulletin.As per the …

Finance Minister AHM Mustafa Kamal said the next budget for fiscal 2021-22 will give priority to the poor section of people while maintaining the lives and livelihood of all would get due emphasis in the next fiscal year in view of the current COVID-19 pandemic situation.

Value-added tax collection from large-scale companies witnessed a 9.17-per cent growth in the July-March period of the current fiscal year 2020-2021 despite dismal economic activities amid the Covid-19 outbreak in the country.

The National Board of Revenue (NBR) has withdrawn 5 percent Advance Tax on import of refined palm oil in a bid to control the price of edible oil in the local market.