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Export diversification imperative to face global economic uncertainties: Experts

Diversification of export goods and destination markets is imperative to face global economic uncertainties, experts said at a seminar in the capital on Thursday, according to a press release.   "Bangladesh has achieved significant growth in trade and export despite the US-China trade war, the Covid-19 pandemic, and the ongoing Russia-Ukraine war.
United States M Tofazzel Hossain Mohammad Abdur Razzaque Mohammad Ziaur Rahman Bangladesh Export Processing Zones Authority Bepza Integration For Development

Balance of payments under stress

The financial account of the balance of payments (BoP) turned negative in the first five months of the current fiscal year, highlighting the challenges Bangladesh is facing in protecting its foreign currency reserves from depletion as funds outflows exceeded inflows. 
Ahsanh Mansur Zahid Hussain Khandaker Golam Moazzem Research Institute Of Bangladesh Integration For Development Centre For Policy Dialogue

Hope and consternation as China economy reopens

China opens trading doors to the world after 1,016 days of a strict "zero-Covid" policy It would also help reduce costs of all manufactured items and machinery Bangladeshi exporters are hopeful to explore the market Chinese reopening not to impact Bangladesh's supply of oil and gas as its source is different With 2023 looking to be a gloomy year for economies, businesses in
United States United Kingdom Faruque Hassan Humayun Rashid Mohammed Amirul Haque Tedros Adhanom Ghebreyesus

Defying looming recession, RMG-textile readies for $4.7b in new investment

The readymade garments sector in Bangladesh is looking towards making huge investments in increasing capacity even when businesses worldwide are scaling back their operations as financial pundits and economists predict slowed growth worldwide and even global inflation. According to sources at the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the
United States Republic Of Imranur Rahman Mazahar Khan Faruque Hassan Kutubuddin Ahmed

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