Economy

LPG has gained wide popularity as an environment-friendly alternative in Bangladesh as well as around the world. In addition to the government, the role of the private sector is also significant in the development of this...

Mohammad Bin Salman, the Saudi Crown Prince and Prime Minister, gave Prime Minister Sheikh Hasina his word that he will work to improve ties between Riyadh and Dhaka in all sectors. The promise was made at...

The SWITCH to Circular Economy Value Chains (SWITCH2CE) Project, which UNIDO and national and international partners are implementing in Bangladesh to guide the textile and apparel industry toward circular, sustainable business practices, was formally launched with...

Australia kept its benchmark interest rate constant on Tuesday, citing “uncertainty surrounding the economic outlook” in his final speech as governor of the country’s central bank. Following a series of increases intended to control escalating costs,...

As she concluded a visit to China, the head of the International Monetary Fund (IMF) hailed the “productive and substantive” discussions she had with senior government figures. Despite modestly improving its projection for global GDP this...

According to official figures, Pakistan’s headline inflation remained at 27.4% y/y in August as government efforts to control prices were thwarted by a falling currency and rising bills attributed to an IMF bailout package. This summer,...

According to official numbers released on Friday, inflation in Sri Lanka’s crisis-stricken nation fell to 4.0 percent in August, the lowest level since before last year’s extraordinary financial catastrophe. The island country suffered from food, gasoline,...

In accordance with a currency swap arrangement two years ago, Sri Lanka borrowed $200 million from Bangladesh, of which another $100 million has already been repaid. “Sri Lanka has paid back $100 million to us on...

Asian markets extended a global rally Tuesday ahead of US data this week that could be key to the Federal Reserve’s decision-making on interest rates. However, worries over China’s economy continue to dampen sentiment, with authorities...

In order to free up funds for social and infrastructure expenditure, President Luiz Inacio Lula da Silva successfully lobbied for new fiscal regulations to be ratified by Brazil’s Congress on Tuesday. Lula, a seasoned leftist who...