The growth of garment shipment to the US and the European Union declined in July-December as consumers in the two largest export destinations of Bangladesh have remained concerned about the persisting economic uncertainty for the raging Russia-Ukraine war.  

2022 has been a year of great uncertainty when it seemed the world perilously reached the brink of self-destruction – be it human-induced climate change or military conflict.

Prime Minister and Awami League President Sheikh Hasina yesterday said she accepted leadership of the party this time considering the volatile global economic situation.

It was a year when death came abruptly to what otherwise were days of communal celebrations; when Britain lost a queen and Japan, its former premier; when inept leaders – corrupted by hubris – fell; and when nature again refused to be ignored. It was a year of another devastating war in Europe.

Bangladesh's export sector showed its prowess in 2022 despite the devastating Russia-Ukraine war, unprecedented freight costs, energy crisis, record inflation and a risk of a recession that loomed throughout the outgoing year.

Bangladesh welcomed 2022 on a strong footing and was about to recover from the coronavirus pandemic in full swing and fire on all cylinders. In fact, economic activities were almost back to the pre-Covid level.  

FAO warning sums up a troubling time marked by a rise in food insecurity, poverty

Good morning. If you are wondering about the global economy and Bangladesh’s 2023 outlook then you know famine has been a hot topic in the news. Tune into our Viewsroom discussion on whether there is an actual possibility a famine. Elsewhere, Donald Trump has announced his third run for presidency. And here are other quick things to know as you start your day.

Any conflict over Taiwan will be another catastrophe for the world

In anticipation of a crisis in 2023, the government is now focusing on precautionary measures like increasing food production, boosting investment and remittance, and lowering import costs.

IMF deal is further proof that economic reforms are badly needed

The ruling party is trying to fend off a persistent BNP campaign that, for the first time in many years, has managed to gain some public sympathy.

The cabinet committee on government purchase (CCGP) yesterday gave the nod to buy 115,000 tonnes of fertiliser from two Middle Eastern countries to increase fertiliser stock for producing crops in the coming seasons.

Prime Minister Sheikh Hasina today (October 27, 2022) said urged the global community to end the Russia-Ukraine war, withdraw sanctions and allow people, who have nothing to do with the war, to have a shot at a better life.

Rooppur Nuclear Power Plant Project may see a cost rise due to slow progress in power grid upgrade, possible changes in the loan repayment method amid the Russia-Ukraine war and the devaluation of the taka.

Government must adapt to new reality and go for long-term measures

Many thought exports from Bangladesh to Russia would come to a halt after the Russia-Ukraine war began in February as the transcontinental nation was slapped with numerous sanctions and embargoes that restrained its import activities.

Prime Minister Sheikh Hasina today (October 17, 2022) once again called for stopping the Russia-Ukraine war blaming the conflict for disrupting the global food supplies leading to increased cost of food.

Bangladesh made gains in food production and ensured the availability of rice in recent years. But surging inflation, erratic weather, and the Russia-Ukraine war affected the availability of cereals and reduced low-income people’s access to food this year.

A Bangladesh delegation will discuss a $4.5 billion loan with International Monetary Fund officials in Washington next week.