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India revokes transshipment corridors for Bangladesh
India has officially revoked the transshipment facility that previously allowed Bangladesh to export cargo to third countries via Indian land borders. However, the Indian government has clarified that exports to Nepal and Bhutan, which transit through Indian territory, will remain unaffected.
Economists and business leaders in Bangladesh have downplayed the impact of Delhi's decision, suggesting that it could affect both...
Trump announces 90-day tariff pause except for China
Saying that more than 75 countries had asked for negotiations ove...
"Based on the lack of respect that China has shown to the World's Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately," Trump wrote on Truth Social.
US foreign investment shifts course
The US is becoming a less prominent source of capital in an early sign that President Donald Trump’s ‘America First’ agenda is leading companies to shift investment plans to support US manufacturing and jobs.Alex Irwin-Hunt, fdiintelligence.com
Preliminary fDi Markets data for the first two months of 2025 show that the US’s role as a source of global foreign direct investment has continued to diminish und...
Youngone Chairman honoured with honorary citizenship
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Economy struggling but to recover in next fiscal
The Asian Development Bank (ADB) has sharply revised down its growth forecast for Bangladesh, now projecting the country's economy to expand by just 3.9% in the fiscal year 2024–25. This represents a significant reduction from the 5.1% forecast issued in September 2024 and a steep decline from the 6.6% projection made in April 2024.
In addition, the ADB warns that Bangladesh's annual average inflation is expected to rise further, reaching 1...