Bangladesh expects substantial export growth, although the global trade dynamics have undergone significant shifts in recent years. A document of the Ministry of Finance expected the growth based on the projection of the World Trade Organisation (WTO). Although global trade experienced a contraction in 2023, it will increase in 2024 and onwards, according to the […]
Read MoreEconomic and Trade Advisor Salehuddin Ahmed said that the World Bank will provide a one-time grant of 250 million dollars (about 3000 crore taka) to Bangladesh to overcome various climate-related losses, including the recent floods. The economic advisor told reporters after meeting with the organization’s Vice President Martin Reiser on the sidelines of the ongoing […]
Read MoreRetailers have pointed to a particularly steep decline since July, saying inflation is eroding household budgets, leaving many families prioritising essentials over discretionary spending. From groceries to clothing to personal care items, demand is plummeting across the board in Bangladesh, and retail industry experts warn that even brief signs of recovery are waning due to […]
Read MoreBangladesh’s foreign exchange reserves are gradually increasing and stabilizing, said Bangladesh Bank Governor Dr. Ahsan H. Mansur. In an interview with UNB on Sunday, Governor Ahsan H. Mansur said that during the previous government’s tenure, the reserves were decreasing by $1.3 billion (1.3 billion) per month, but now it is returning to a positive trend. […]
Read MorePolicymakers and business leaders have called for the timely formulation and proper implementation of a better policy to reform the small and medium enterprises (SME) sector to protect the interests of entrepreneurs and the national economy. They voiced the demand today during a discussion titled “Reform of SME Policy-2019 for Sustainable Growth and Innovation,” organised […]
Read MoreDhaka has formally offered to join the world’s largest trade alliance China-led Regional Comprehensive Partnership Agreement (RCEP). Recently, the application form has been sent to the headquarters of the organization through the Ministry of Foreign Affairs of Bangladesh. Being a member of RCEP will not require free trade agreements (FTAs) with its member countries in […]
Read MoreA 4.1 magnitude earthquake was felt in various parts of the country including the capital Dhaka. There were no immediate reports of damage from the earthquake. The tremor was felt at 12:43 pm on Thursday. Vulcano Discovery confirmed this information. According to the website, the epicenter of the earthquake was 41 km south of Dhaka. […]
Read MoreA Bangladeshi court has ordered an arrest warrant for former prime minister Sheikh Hasina, who fled to India in August after she was ousted by mass protests. Bangladeshi former prime minister Sheikh Hasina is wanted by Bangladesh’s International Criminal Tribunal (ICT) for her alleged involvements in “crimes against humanity” that took place during the demonstrations, […]
Read MoreThe government has nearly doubled its borrowing from commercial banks in the first three months of the current fiscal year compared to the equivalent period last year, primarily due to lower revenue collection. Bankers also attributed the increased government borrowing to high interest rates on treasury bills and bonds, which have become an attractive investment […]
Read MoreCompliant e-waste recycling could provide Bangladesh with a $500 million annual economic opportunity if the country formally manages all its electrical and electronic waste, which is currently either being informally recycled or discarded into the environment, said experts at a seminar yesterday. The seminar, titled “The Formal E-Waste Management 2024,” was organised by the WEEE […]
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