Food production, trade and transportation costs may increase further on fuel-price hike by Tk 15-20 per litre in Bangladesh amid an exigent global crunch.Bangladesh uses about 4.35 million tonnes of diesel annually, and around 24 per cent of it is used in agriculture. About 80 per cent of irrigatio
Bangladesh Bank (BB) purchased an additional US$60 million from commercial banks on Monday as part of its ongoing efforts to strengthen the country’s foreign exchange reserves. The dollars were acquired through an auction at a rate of Tk 122.75 per dollar. With this latest purchase, the cou
The positive trend in remittance inflows has continued into April, with Bangladeshi expatriates living in different countries sending US$2.12 billion in the first 19 days of April, according to the latest data from Bangladesh Bank. This marks a significant surge compared to the same period last ye
Global finance leaders, whipsawed by Middle East war news, came to grips this past week with their inability to mitigate the economic damage from increasingly frequent geopolitical shocks, and a realization that counting on U.S. leadership to resolve crises is no longer the guarantee it had
Finance Minister Amir Khasru Mahmud Chowdhury has brushed aside speculation about a possible stalling of loan tranches from the International Monetary Fund (IMF), describing the ongoing negotiations as a “work in progress” with no negative outcomes so far. Speaking to journalists on Fr
