Browse Category

Economy

Iran is shipping oil to Bangladesh in new push

Iran has sent small shipments of crude oil to new destinations such as Bangladesh and Oman, according to shipping sources and data, the latest sign of Tehran pushing to sustain output at close to its highest in five years. Oil sales are Iran's major revenue source and the country has been looking for ways to sidestep US sanctions on its crude exports that former president Donald Trump re-imposed in 2018 over Tehran's nuclear program. Iran, which is exempt from output quotas set by the Organization of the Petroleum Export...

BB Governor too resigns

Bangladesh Bank (BB) Governor Abdur Rouf Talukder has resigned from his post.Talukder submitted his resignation letter to the Financial Institutions Division secretary on Friday citing personal reasons, sources in the Division said.
Secretary Md. Abdur Rahman Khan, however, declined to say anything in this regard. The mobile phone of Abdu...

Bangladesh’s Failure Must Worry India

The collapse of a friendly government in Bangladesh is bad news for Prime Minister Narendra Modi. Most of India’s diplomatic relationships in South Asia are increasingly swaying to Beijing’s tune. But the significance of this week’s turmoil goes beyond geopolitics. Chaos at India’s eastern doorstep is also a warning to the bigger economy: The youth want employment, from politicians they can hold accountable. What they don’t want is jobless growth with democratic backsliding.

BB 6 top officials including 4 dty governors ‘forced to resign’

Extreme instability has erupted at the Bangladesh Bank (BB) as nearly 200 officials and employees staged a protest demanding the resignation of the central bank governor, four deputy governors, advisers, and the head of the Financial Intelligence Unit (BFIU). During the protest, they entered the governor’s floor in the central bank's main building and compelled all the deputy governors to sign blank papers. Witnesses reported that four deputy governors and the head of the BFIU have since "...

Interim government to have Dr Yunus as chief adviser

In a video released on Tuesday (August 6) the coordinators of the Anti-Discrimination Student Movement announced that Nobel laureate Dr. Muhammad Yunus will be the chief adviser of their proposed interim government. This announcement was echoed on Facebook by three coordinators, including Nahid Islam. "We have spoken with Dr. Muhammad Yunus, and he has graciously agreed to shoulder this significant responsibility in response to the student movement's call to safeguard Bangladesh...

Clothing exports up amid $ 9b data discrepancy

The World Trade Organization (WTO) in its latest data has unveiled that Bangladesh exported $38.4 billion worth of clothing in 2023, making up 7.4% of the global market. However, according to the new data released on Thursday (1 August) through the WTO's interactive tool "World Trade Statistics 2023 – Key Insights and Trends", this figure is nearly $9 billion less than the $47.4 billion reported by the Export Promotion Bureau (EPB). In May, Bangladesh found itself embroiled in a numerical puzzle when the Bangladesh Bank identified discrepancies in the co...
Verified by MonsterInsights