Bangladesh, Iran for boosting economic, cultural cooperation
Bangladesh, Iran for boosting economic, cultural cooperation

Bangladesh and Iran have stressed the importance of strengthening bilateral and multilateral relations with particular emphasis on economic and cultural cooperation. Both sides laid emphasis on the issue when Ambassador of the Islamic Republic of Iran Mansour Chavoshi paid a courtesy call on...

Jamuna Rail Bridge inaugurated; trains to operate at 120 km/h
Jamuna Rail Bridge inaugurated; trains to operate at 120 km/h

Bangladeshs largest railway bridge, the much-anticipated Jamuna Rail Bridge, was officially inaugurated at 10 a.m. on Tuesday, marking a major milestone in the countrys rail connectivity. With this launch, trains will now travel at speeds of 120 km/h, significantly improving travel between Dhaka...

Iran's women fights for rights as economic crisis deepens
Iran's women fights for rights as economic crisis deepens

Iranis in a deep economic crisis caused by corruption, mismanagement and international sanctions. And amid thsi crisis, the Iranian women struggling for having rights have eebn seeing a tough time. The above situation was vividely releaved in a report of German media DW. In order to collapse...

Eurozone 2024 economic growth revised up to 0.9%
Eurozone 2024 economic growth revised up to 0.9%

The eurozone economy grew by 0.9% in 2024, revised data showed Friday, higher than a previous estimate of 0.7%, reports AFP. The EUs official statistics agency also revised growth for the fourth quarter of 2024 for the second time to 0.2% in the 20-country single currency area, from 0.1%...

Boosting private sector can lead to economic recovery
Boosting private sector can lead to economic recovery

Effective measures to revive the private sector can significantly contribute to Bangladeshs economic recovery and long-term growth, according to experts. An international research organization has recommended targeted stimulus packages and financial support to help revive the economy amid...

‘Economic resilience not improved in the past 1.5 decades’
‘Economic resilience not improved in the past 1.5 decades’

Dr Selim Raihan, economics professor at the University of Dhaka and executive director of SANEM, stressed the need to reassess Bangladeshs economic resilience in light of evolving national and global dynamics. He said that contrary to common belief, the apparent economic and political stability...

Argentina’s Milei faces impeachment threat over crypto controversy
Argentina’s Milei faces impeachment threat over crypto controversy

Argentinas opposition lawmakers are considering impeachment proceedings against President Javier Milei after his endorsement of a controversial cryptocurrency led to accusations of misconduct. On Friday, Milei promoted the LIBRA crypto token on X (formerly Twitter), triggering a surge in its...

“We’re working to overcome economic challenges and restore stability”
“We’re working to overcome economic challenges and restore stability”

While there is definitely added pressure, with responsibility comes a sense of fulfillment, though it also involves some mistakes and setbacks, which we continue to navigate. Especially during this challenging period for the country, we are doing our best to manage the responsibilities weve...

Bangladesh keen to enhance trade, economic relations with Algeria
Bangladesh keen to enhance trade, economic relations with Algeria

Foreign Secretary Md Jashim Uddin has said Bangladesh is eager to boost bilateral trade and economic relations with Algeria, reports UNB. The Foreign Secretary, now in Algeria, presented the existing and potential areas of trade that could happen between the two countries. Among the areas,...

Gas supply still delayed, 14 months after inauguration
Gas supply still delayed, 14 months after inauguration

Despite the official inauguration of the project on November 14 last year, Rangpur region is still waiting for the long-anticipated gas supply. The ceremony, which featured an online address by the Prime Minister of the ousted government, was followed by the unveiling of the plaque and lighting of...

NATO plans to oust Zelensky – Russian intelligence agency
NATO plans to oust Zelensky – Russian intelligence agency

The US-led NATO alliance views Ukrainian President Vladimir Zelensky as an obstacle to peace talks and is working to discredit him ahead of potential elections next fall, according to a statement by Russias Foreign Intelligence Service (SVR) on Monday; reads an RT report. The SVR claims that...

United States, El Salvador sign agreement on civil nuclear cooperation
United States, El Salvador sign agreement on civil nuclear cooperation

The United States and El Salvador have signed a Memorandum of Understanding (MoU) to advance peaceful nuclear cooperation. U.S. Secretary of State Marco Rubio and El Salvadors Foreign Minister Alexandra Hill Tinoco formalized the agreement on Monday, marking a step towards strengthening their...

Political uncertainty must end for economic stability
Political uncertainty must end for economic stability

There is a positive trend in remittance inflows, with export revenues showing approximately 8% growth. Foreign reserves have also remained stable. However, the economy as a whole remains fragilethis is beyond question. The most significant obstacle to reviving economic momentum is uncertainty,...

Capital machinery imports plunge amid rising economic uncertainty
Capital machinery imports plunge amid rising economic uncertainty

The import of capital machinery in Bangladesh has plummeted, reflecting the deepening economic uncertainty facing the nation. Data from Bangladesh Bank reveals a stark decline in letters of credit (LCs) for machinery imports across all industrial sectors during the first five months (July-November)...

Dhaka, Beijing talk economic partnership expansion
Dhaka, Beijing talk economic partnership expansion

Foreign Adviser Touhid Hossain had a bilateral meeting with his Chinese counterpart Wang Yi in Beijing on Tuesday and discussed a wide range of issues and ways to strengthen Dhakas economic partnership with Beijing. The meeting was held at a time when Bangladesh and China are preparing to...

Gas, electricity key to foreign investment in economic zones
Gas, electricity key to foreign investment in economic zones

The success of Bangladeshs economic zones is deeply tied to the availability of critical infrastructure such as gas and electricity. The past ousted governments approach to economic zoning was marred by uncoordinated planning and ambitious goals, which ceased to function to ensure simultaneous...

Crisis deepens as debt discipline remains absent
Crisis deepens as debt discipline remains absent

Bangladesh is grappling with a mounting financial crisis, marked by escalating government debt and surging defaulted loans. The governments total debt now stands at an alarming Tk 20.49 trillion, with domestic debt comprising Tk 10.20 trillion and foreign debt totaling Tk 10.13 trillion, equivalent...

Erdogan criticizes opposition over mayor's arrest amid corruption probe
Erdogan criticizes opposition over mayor's arrest amid corruption probe

Turkish President Recep Tayyip Erdogan accused the opposition Republican Peoples Party (CHP) of pressuring the judiciary after Beşiktaş Mayor Rıza Akpolat was arrested on charges of rigging public tenders. Speaking in Konya on Friday, Erdogan condemned the CHP for defending Akpolat, asserting...

UK central bank's Bailey warns of economic nationalism risks
UK central bank's Bailey warns of economic nationalism risks

Bank of England Governor Andrew Bailey has urged global financial leaders, particularly the United States and China, to resist economic nationalism. In a speech released ahead of Donald Trumps inauguration as U.S. president, Bailey emphasized the importance of international cooperation in...

UN predicts world economic growth at subdued 2.8% in 2025
UN predicts world economic growth at subdued 2.8% in 2025

The world economy resisted battering by conflicts and inflation last year and is expected to grow a subdued 2.8% in 2025, the United Nations said Thursday. In World Economic Situation and Prospects 2025, U.N. economists wrote that their positive prediction was driven by the strong although...

Considering alternatives to manufacturing is a miscalculation
Considering alternatives to manufacturing is a miscalculation

The manufacturing sector has long been the backbone of Bangladeshs economy, fueled by affordable gas and low-cost labor. These factors enabled rapid industrial growth despite the countrys significant investment challenges, including high infrastructure costs and elevated bank interest rates....

Create team for economic diplomacy; promote Bangladesh abroad
Create team for economic diplomacy; promote Bangladesh abroad

Chief Adviser Dr Muhammad Yunus on Monday asked Bangladesh Export Processing Zones Authority (BEPZA) to promote Bangladesh abroad and bring more investments to the countrys industrial sectors, reports UNB. Create a team for economic diplomacy and promote Bangladesh abroad, Chief Advisers Deputy...

Factories closing, stagnation in investment
Factories closing, stagnation in investment

With a growing number of factory closures, Bangladeshs economic outlook is becoming increasingly uncertain; also stagnant investment is signaling a broader crisis. Private sector credit has hit a 42-month low, while rising interest rates and a faltering business environment have dampened both...

Thailand’s auto industry faces uncertain future
Thailand’s auto industry faces uncertain future

Thailands automotive industry is under pressure as new car sales remain uncertain due to an uneven economic recovery, the Bank of Thailand reported. According to the Monetary Policy Committees Q4 2024 report, pickup sales recovery lags behind passenger cars due to weaker purchasing power among...

Maldives strengthens ties with China; FTA set to take effect on January 1
Maldives strengthens ties with China; FTA set to take effect on January 1

The China-Maldives Free Trade Agreement (FTA) is set to come into effect on January 1, 2025, signaling a new chapter in the strategic partnership between the two nations. This milestone was announced during a special ceremony attended in person by Maldives Minister of Economic Development and Trade...

Former Indian prime minister  Manmohan Singh passes away at 92
Former Indian prime minister Manmohan Singh passes away at 92

Senior Congress leader and Indias 13th Prime Minister Dr. Manmohan Singh passed away on Thursday night at the age of 92, following a prolonged illness. The All India Institute of Medical Sciences (AIIMS) in New Delhi reported that Dr. Singh was rushed to the emergency ward after losing...