Business

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 ...

Bangladesh lost an estimated amount of Taka 226,236 crore in tax revenue in 2023 due to tax evasion and avoidance, according to a study. Of this amount, it was estimated that around 50 percent was lost due to corporate tax evasion, reports BSS. The estimated corporate tax evasion in 2023 amounted to roughly Taka 113,118 crore, the study said. The ...

Bangladesh’s pavilion set up at the world Expo-2025 in Osaka, Japan has drawn attention of foreign investors as the pavilion highlights the country’s investor-friendly climate, rapid economic growth, strategic incentives and dynamic youth population, reports BSS. “Foreign investors are showing real interest to invest in Bangladesh after learning about our fast-growing economy and youth capital as we have showcased our ...

The United States unveiled new port fees on Chinese built and operated ships Thursday, in a bid to boost the domestic shipbuilding industry and curb China’s dominance in the sector. The move — which stems from a probe launched under the prior administration — comes as the United States and China are locked in a major trade war over President ...

The International Monetary Fund (IMF) has expressed its satisfaction with Bangladesh’s recent macroeconomic performance, highlighting the country’s recovery and progress toward stability. During a press conference held at the Bangladesh Bank headquarters, IMF Mission Chief Chris Papageorgiou praised the efforts of the interim government, led by the chief adviser, financial adviser, and governor, for their role in steering the country’s ...

The Bangladesh government is planning to seek US assistance in repaying advance and interest payments on the loan for the Rooppur Nuclear Power Plant, as international sanctions on Russia’s banking system—particularly its exclusion from the SWIFT payment network—have made direct transactions nearly impossible. Financial Adviser Dr. Salehuddin Ahmed shared the information on Thursday following a meeting of the Cabinet Committee ...

The UK’s annual inflation rate eased more than anticipated in March, offering a boost to the Labour government amid global economic uncertainties. According to data released on Wednesday by the Office for National Statistics, the Consumer Prices Index (CPI) fell to 2.6% in March from 2.8% in February. Economists had forecast a more modest decline to 2.7%. The better-than-expected inflation ...

China’s economy expanded at a 5.4% annual pace in January-March, supported by strong exports ahead of U.S. President Donald Trump’s rapid increases in tariffs on Chinese exports, the government said Wednesday. Analysts are forecasting that the world’s second largest economy will slow significantly in coming months, however, as tariffs as high as 145% on U.S. imports from China take effect. ...

The government has increased the price of bottled soybean oil by Tk 14 per litre. As per the new pricing, the retail price of bottled soybean oil jumped to Tk 189 from Tk 175 per litre. Commerce Adviser SK Bashiruddin announced the decision after a meeting on the review of edible oil import, supply, and related issues at the Secretariat. ...