‘Bangladesh should invest in Kenya to get access to African nations’

Moi Lemoshia, director general for bilateral and political affairs of the Kenyan government, made the call as the leader of a 10-member Kenyan delegation in a meeting with the officials of Dhaka Chamber of Commerce and Industry (DCCI).
26 July 2022, 10:50 AM

US dollar strengthens further against taka

The central bank today depreciated the value of the taka by Tk 0.25 as the demand for the US dollar shows no sign of slowing down, said an official of the Bangladesh Bank.
25 July 2022, 17:07 PM

Exodus of Ukrainian workers hits Europe's emerging economies

Construction sites, factory assembly lines and warehouses across central Europe are scrambling to fill vacancies after tens of thousands of Ukrainian men left their blue-collar jobs to return home after Russia invaded their country.
25 July 2022, 14:10 PM

Wheat prices rise as missile strike threatens Ukraine export pact

Wheat prices rose sharply on Monday as a missile strike on the Ukrainian port of Odesa over the weekend raised doubts about whether it will be possible to implement last week's agreement to open a corridor for grain exports from the war-torn country.
25 July 2022, 13:53 PM

IMF enquires about Bangladesh’s preparation for LDC graduation

A delegation of the International Monetary Fund (IMF) wanted to know how prepared Bangladesh is for the country’s graduation to a developing nation in 2026.
17 July 2022, 11:47 AM

Ukraine war must end for global good: ICCB

The developed nations are experiencing record inflation in decades and taking tough steps to control spending, which will dampen consumer demand -- a concern for Bangladesh that depends on exports to these countries, said the International Chamber of Commerce-Bangladesh (ICCB).
7 July 2022, 11:33 AM

BGMEA targets $100 billion garment export by 2030

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) targets exporting $100 billion worth garment items from the country by 2030 as the local apparel suppliers are diversifying the products and markets.
5 July 2022, 10:25 AM

Which countries are biggest fans of Bangladeshi mangoes?

Bangladeshi mangoes with its flavour and taste are winning hearts in many foreign lands.
2 July 2022, 14:53 PM

When Ctg port goes the extra mile to save Tk 800 crore export cargoes

The Chittagong Port Authority (CPA) has recently saved a severely damaged oceangoing ship, victim of an accident mid sea, which could have caused loss of export cargoes worth Tk 800 crore and block the whole channel for future navigation.
28 June 2022, 03:00 AM

Inflation might last for two years: World Bank chief

World Bank Group President David Malpass thinks it might take years to get prices back under control as the US and other economies face inflation rates not seen in decades.
27 June 2022, 11:59 AM

Millers cut edible oil prices by up to Tk 6

The Bangladesh Vegetable Oil Refiners’ and Vanaspati Manufacturers’ Association has set the highest retail price of each litre of loose oil at Tk 180, down from Tk 185.
26 June 2022, 12:09 PM

China to provide tariff benefit to more Bangladeshi goods

China is going to increase the tariff-free quota benefit for more Bangladeshi goods to minimise the trade imbalance between the two countries.
8 June 2022, 13:22 PM

Wheat export ban: Rain might rot 1.7m tonnes at Indian ports

India has allowed wheat shipments of 469,202 tonnes since banning most exports last month, but at least 1.7 million tonnes is lying at ports and could be damaged by looming monsoon rains, government and industry officials told Reuters.
3 June 2022, 06:07 AM

India's March quarter GDP growth at one-year low

India's economic growth slowed to the lowest in a year in the first three months of 2022, hit byweakening consumer demand amid soaring prices that could make the central bank's task of taming inflation without harming growth more difficult.
31 May 2022, 16:39 PM

How much per capita debt does Bangladesh have?

Despite collecting lakhs of crores of taka in revenue, every time the government falls short of fund to finance the whole budget and has to take crores of taka in loan from local and foreign sources.
31 May 2022, 05:59 AM

Alibaba shares fall 9% after Chinese man named 'Ma' arrested

Alibaba shares fell as much as 9% on Tuesday after a state media report that Chinese authorities had taken action against an individual surnamed Ma, but recouped losses after the report was revised to make clear it was not the company's founder.
5 May 2022, 11:53 AM

American apparel association to work for Bangladesh’s GSP to US

The American Apparel and Footwear Association (AAFA) has agreed to work for the promotion of Bangladesh’s garment sector so that the south Asian country can reinstate the generalised system of preferences status to the US market.
12 March 2022, 13:46 PM

Russia faces major disruptions to oil, commodities flows without SWIFT

Russian exports of all commodities from oil and metals to grains will be severely disrupted by fresh Western sanctions, dealing a blow to Russia's economy and hurting the West with a spike in prices and inflation, traders and analysts said.
27 February 2022, 15:43 PM

German business confidence rises in Feb

The German business climate improved again in February, survey data published Tuesday showed, despite the aggravation of the crisis in Ukraine and persistent supply chain issues.
22 February 2022, 18:00 PM

Pfizer's Covid item sales expected to top $50 billion in 2022

Pfizer Inc said on Tuesday it expects 2022 sales of its Covid-19 vaccine and antiviral pill to top $54 billion, but that fell short of lofty Wall Street estimates and its shares were off about three percent.
9 February 2022, 03:15 AM