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CA greets countrymen on Bangla New Year

Chief Adviser Professor Muhammad Yunus has greeted the countrymen during Bangla New Year 1432. In a video message on Bangla New Year, he called upon the countrymen to work with renewed pledge and enthusiasm to build a new Bangladesh. “The 2024 mass uprising has allowed us to build a discrimination-free country. Let us not lose this opportunity. In this New Year, building a discrimination-free Bangladesh should be our pledge,” he said.

Terming ‘Pahela Baishakh a day of ...

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

President Donald Trump announced a 90 day pause on his sweeping tariffs Wednesday, giving all countries a 10 percent baseline except China, which will see even higher levies.

"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.

Saying that more than 75 countries had asked for negotiations ove...

US foreign investment shifts course

Alex Irwin-Hunt, fdiintelligence.com

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.

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

Kihak Sung, Chairman of Youngone Corporation and a pioneer in Bangladesh’s readymade garments (RMG) and textile sectors, who first came to the country in the mid-1990s, was honoured with honorary citizenship on Wednesday for his outstanding contributions to the industry and Bangladesh economy. Chief Adviser Prof Muhammad Yunus handed over the citizenship document to Sung at the formal inaugural ceremony of the Bangladesh Investment Summit-2025 at a city hotel.

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...

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