Economy

Country’s merchandise trade deficit with its trading partners declined to $12.07 billion in the first nine months of the current fiscal year, thanks to the decreasing trend of import and export activities owing to the global coronavirus pandemic. The deficit dropped by $130 million or 1.07 %...

The Asian Development Bank (ADB) has expanded the Trade Finance Programme (TFP) to support the private sector in Bangladesh, by raising its financing limit to $755 million from $518 million at the end of last year. The TFP works with 12 partner banks...

A total of 10 dev projects involving Tk 162.76 billion approved The government on Tuesday approved two COVID-19 response projects at a combined cost of Tk 24.92 billion aimed at combating the outbreak of the deadly coronavirus in the country. Along...

With many countries beginning to emerge from lockdown in the wake of the coronavirus pandemic attention has turned to the economic recovery. The potential shape of that recovery - U-shaped, W-shaped, V-shaped or even 'square root shaped' - has split economists and strategists. All 50...

The government has decided to devise a strategic plan on incentives and other benefits to be offered to prospective foreign investors who will relocate their businesses to Bangladesh in the post-Covid-19 period. A taskforce will also be formed to deal with the incentive issues,...

Japan has asked Bangladesh to have a blitz on the business environment and services to the existing Japanese companies as preconditions to come by fresh investments from the far-east Asian country. Many Japanese companies have been looking for new destinations to move their investments...

কোভিড-১৯ ভাইরাসের প্রভাবে দেশীয় এগ্রো, পোল্ট্রি, ফিসারিজ খাতে অন্তত পাঁচ হাজার কোটি টাকার ক্ষয়ক্ষতি হয়েছে। গড়ে প্রতিদিন ক্ষয়ক্ষতি ঘটছে প্রায় আড়াই কোটি টাকা। বাজারে দরপতন এবং উৎপাদিত পণ্য বাজারজাত করতে না পারার কারণে ব্যাপক ক্ষতির সম্মুখীন হচ্ছেন সাধারণ খামারি থেকে শুরু করে শিল্প উদ্যোক্তারা। এছাড়া চট্টগ্রাম ভেটেরিনারি...

Bangladesh expects a bigger inflow of foreign direct investment in the days to come as different nations plan to relocate their factories to countries like Bangladesh to bring down cost amid a cash crunch caused by the pandemic, said Commerce Minister Tipu Munshi yesterday. In 2019, the...

Resurgent Bangladesh, an initiative to help private sector of the country in the context of COVID-19-led economic shocks, was jointly launched today by four leading business organisations and a private sector economic policy think tank. These institutions are Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka Chamber...

British aero-engine maker Rolls-Royce Holdings is considering cutting up to 15% of its workforce, a source close to the company told Reuters, as customers cut production and airlines park planes due to the coronavirus pandemic. The size of layoffs has been mentioned internally...