Regional & International Economy

Finance Minister AHM Mustafa Kamal on Friday said that the World Bank’s latest growth projection is inconsistent with the current economic recovery of Bangladesh.

The government is planning to raise cotton production up to 20 lakh bales by enhancing acreage and per unit production of the crop as the country is now the second largest raw cotton importer in the world.

Almost all of the country’s major development projects being funded by China are back on track following a prolonged hiatus caused by the coronavirus pandemic, the Economic Relations Division and project officials said.

Export earnings in September posted a 3.53% growth to $3.01 billion against $2.91 billion in the same month of last year

The United States is opening an investigation into whether Vietnam has been undervaluing its currency and harming US commerce, the US Trade Representative’s office said in a statement on Friday.

The government is aiming to clock more than 8 per cent economic growth on average during the Eight Five-Year Plan period as it hopes that the impacts of the devastating coronavirus pandemic would fade in the second half of the current fiscal year.

Such mergers allow companies to remove duplication and create economies of scale

The disbursements of foreign aid declined by about 29.5 per cent to US$528 million in the first two months of the current fiscal year (FY) than that of the corresponding period of last FY, according to provisional data available with the Economic Relations Division (ERD).

Bangladesh Export Processing Zones Authority (BEPZA) has signed 56.33 million US dollar new investment agreement with seven companies during Coronavirus (Covid-19) pandemic.

With development projects losing steam for the ongoing pandemic and several months of shutdown, the Economic Relations Division (ERD) hopes to get four back on track by getting loan agreements signed with China this fiscal year.