Business

More 20,000 metric tonnes of Atap rice from Vietnam has arrived at the Chittagong port on Monday. Under the terms of the G2G agreement, Bangladesh had contracted to import a total of 100,000 metric tonnes of Atap rice from Vietnam, all of which has now reached the country. The process of unloading the rice has already commenced following sample testing ...

In a remarkable display of ongoing financial support from Bangladesh’s expatriates, the country has received $2.27 billion in remittances within just the first 26 days of April 2025. The flow of remittances continues strong even after the Eid celebrations, underscoring the crucial role of overseas workers in sustaining the nation’s economy, reports UNB. Before Eid, expatriates had already sent a ...

Apple aims to make most of its iPhones sold in the United States at factories in India by the end of 2026, and is speeding up those plans to navigate potentially higher tariffs in China, its main manufacturing base, a source told Reuters. The US tech giant is holding urgent talks with contract manufacturers Foxconn and Tata to achieve that ...

Businessmen in a view-exchange meeting today urged the government for ensuring easier VAT management as well as improved law and order situation for conducting smooth business operations. They said despite having international geo-political impact, the overall trade and investment situation is facing high rate of interest on bank loans, lack of access to finance, higher VAT and tax rates and ...

South Africa’s central bank governor, Lesetja Kganyago, has raised concerns that prolonged bilateral trade negotiations triggered by former U.S. President Donald Trump’s tariff policies are adding to global financial uncertainty. Speaking at a media briefing in Washington during the G20 meetings, Kganyago noted that the current trend of countries engaging in one-on-one trade talks is time-consuming and resource-intensive. “In an ...

A two-day event ‘The Meet Bangladesh Exposition (MBX)’, showcasing Bangladesh’s potential export sectors-Medical and Personal Protective Equipment (MPPE), Leather and Leather Goods, Footwear, Plastics, and Light Engineering, began on Thursday. The EC4J Project (Export Competitiveness for Jobs), a collaboration between the Ministry of Commerce and the World Bank, organised the event at the International Convention City Bashundhara (ICCB) in the ...

Finnish telecoms giant Nokia reported a net loss of $68 million for the first quarter on Thursday, citing the ongoing global trade tensions as a key factor affecting its performance. “We are not immune to the rapidly evolving global trade landscape,” said Nokia President and CEO Justin Hotard in a statement. “However, based on early customer feedback, I believe our ...

Bangladesh and World Bank have signed two financing agreements of $850 million to help the country develop the Bay Terminal deep sea port and modernise the national social protection system to accelerate job creation and inclusive growth. Two separate financing agreements were signed on Wednesday in Washington DC between the Economic Relations Division (ERD) of Bangladesh and the International Development ...

The International Monetary Fund (IMF) has cut its global growth forecast for 2025, citing the economic impact of new U.S. tariffs introduced under President Donald Trump. The IMF now expects the global economy to expand by just 2.8 percent this year, down 0.5 percentage points from its January estimate. Next year’s growth projection has also been trimmed, with the global ...

Remittance inflows from Bangladeshi expatriates have remained robust, with $1.96 billion sent home during the first 21 days of April 2025, according to the latest data from Bangladesh Bank. This continued momentum follows a historic high of $3.29 billion received in March, marking a strong upward trend in remittance earnings. By comparison, the country had received $1.39 billion during the ...