RMG workers’ platforms rejected new wage structure

Says CPD’s Mustafizur Rahman

The International Monetary Fund on Tuesday upgraded its 2023 gross domestic product growth forecast for China to 5.4 percent from 5 percent, citing a "strong" post-COVID-19 recovery, but said the fund still expected the world's second-biggest economy to slow next year.

Oil prices slipped by 1 percent on Tuesday, erasing most of Monday's gains, as mixed economic data from the world's second largest oil consumer China and winter demand worries offset the impact of Saudi Arabia and Russia extending output cuts.

The socioeconomic development of India, Pakistan and Bangladesh is being hampered by the prevalence of poor governance and institutional weakness in the three South Asian nations, according to analysts.

It also forecasts that the prices will decline by 2% in 2024 and 2025.

The BGMEA made the call through a letter

Fellow economists say at a public lecture organised by the BIDS

Bangladesh, which usually exports potato, has imported the tuber for the first time for domestic consumption in a frantic effort to curb spiraling prices of the popular vegetable.

Oct's shipment fell to $3.76 billion this year from last year's $4.35 billion

Migrant workers sent home $1.98 billion in October

Oil prices edged up in early Asian trade on Wednesday ahead of key global central bank meetings this week including the US Federal Reserve, as the market also closely watched the latest developments in the Israel-Hamas conflict.

Norah Nasimiyu knows the future of Kenya's garment trade, which has employed her for 13 years and helped her put six children through school and university, lies in the hands of the US Congress.

British oil giant BP said Tuesday it rebounded strongly into net profit in the third quarter after large accounting charges had pushed it into the red a year earlier.

Global gold demand excluding over-the-counter (OTC) trading slipped 6 percent in the third quarter as central bank buying fell short of last year’s record levels and consumption by jewellers declined, the World Gold Council (WGC) said on Tuesday.

Samsung Electronics  on Tuesday said it will continue to cut production to ease a chip supply glut, and gear up for 2024 when it expects industry-wide investment and production to focus on high-end chips for generative artificial intelligence.

Meta Platforms  said on Monday it will offer users in Europe a subscription plan to use Facebook and Instagram without advertisements to comply with the European Union regulations.

Exporters will get Tk 111 for a dollar, up from Tk 110.5

The Bangladesh chapter of IndustriALL says in a press briefing

China is set to import record volumes of wheat this year, trading sources say, with rain damage to its crop and worries over dry weather in exporting nations fuelling Beijing's appetite to buy while prices are low.