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Bangladesh ranks 181st in global passport power index

Bangladesh has been ranked 181st in the 2024 edition of the Nomad Passport Index, released yesterday by global consultancy firm Nomad Capitalist. The index evaluates the strength of 200 passports worldwide, taking into account not only visa-free access but also factors such as taxation, global perception, and personal freedoms.

Bangladeshi passport holders can currently travel to 50 countries either visa-free or by obtaining a visa on arrival. The country scored 38 o...

‘In economic terms, Trump’s tariffs make no sense at all’

From world leaders, to the tiniest manufacturers thousands of miles from Washington, decision-makers across the global economy are racked with uncertainty as they scramble to come to terms with Donald Trump’s historic tariffs.

[caption id="attachment_33395" align="alignleft" width="562"] Donald Trump and China’s President Xi Jinping. China reacted to the tariffs hike with a reciprocal 34% levy, sending markets plummeting[/caption]

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Companies sought to diversify from China

Asian countries that produce for the apparel industry among those that could feel particular strain

Several Asian nations reeled on Thursday as they were hit with some of U.S. President Donald Trump's heftiest tariffs, which now threaten the economies that have benefited from investment after Trump imposed levies on China during his first term. Six of the nine Southeast Asian countries listed by Trump were slapped with much bigger-than-expected tariffs of between 32 per cent and 49 per cent on Wednesday. By comparison, the level for the European Union was 20 per cent, and Japan was at 24 per cent. So far, none of the Southeast Asian nations has spoken of retaliatory tariffs.

China hits back at Trump tariffs with extra 34pc tax on US goods

China has announced that it will impose an additional 34% tariff on all US goods, effective from 10 April.

The decision comes as a response to the latest trade measures taken by the United States, which China claims are "not in line with international trade rules," according to its finance ministry, reports BBC.

This move follows US President Donald Trump's announcement of a 54% tariff on Chinese products, which includes earlier duties already in place. The escalating trade tensions have sent global markets tumbling for a second consecutive day, fuelling fears of a potential global economic downturn.

Myanmar confirms start of 180,000 Rohingya repatriations

The Myanmar authorities have confirmed to Bangladesh that out of a list of 800,000 Rohingyas sheltered in Bangladesh, they have identified 180,000 Rohingyas eligible for return to Myanmar. The original list was provided by Bangladesh in six batches during 2018-20.
The final verification of another 70,000 Rohingyas is pending additional scrutiny of their photographs and names.
This was disclosed on F...

Yunus, Modi meeting marks effort to rebuilding trust

In a significant diplomatic engagement, Chief Adviser Muhammad Yunus of Bangladesh and Indian Prime Minister Narendra Modi met during the BIMSTEC summit in Bangkok on Friday. This marked their first official interaction since the ousting of the Sheikh Hasina government in August 2024. The meeting took place against the backdrop of increasingly strained ties between the two South Asian nations. The leaders exchanged greetings with mutual respect, emphasising a willingness to engage in open dialogue. Their candid 40-minute conversation was described as productive and constructive.

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