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Expatriates sent a record remittance of $2.60 billion from different foreign countries in July. This is the highest monthly remittance received in the country’s history helping to push foreign currency reserve to $37.287 billion.Market analysts said, “Expatriates have broken all previous...
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An outer ring road will be constructed around Dhaka with public-private funding to free the capital from gridlock. A project titled Feasibility Study on Dhaka Outer Ring Road Eastern, Western and Northern Parts has been approved. The transportation system in Dhaka city has become too much ...
The government will initiate financial sector reforms, including in banks, to attract foreign investment in Bangladesh.“And the reform move will cover also the banking sector in Bangladesh. Simultaneously, a big opportunity has also been created,” an official says.In the context of Covid...
The country's foreign exchange reserves rose by $1 billion within a month to reach $37.11 billion for the first time on Tuesday despite a global economic recession amidst the coronavirus pandemic.The government has decided to use foreign exchange reserves for rapid implementation of productive p...
Under the charismatic and visionary leadership of Prime Minister Sheikh Hasina, Bangladesh continues to attract foreign investment for which the stage is now almost set for more such gigantic development.Already emerging as the fastest developing country in South Asia setting record in achieving GDP...
The overall economy of the country has started to rebound, bringing smiles to the faces of businessmen.The government has taken several initiatives and opened all activities gradually following a long shutdown, helping recovery of economic losses caused by the corona pandemic, experts said.Financial...
The service sector, the largest in the country, is becoming promising both at home and abroad.This sector has contributed more than 50 percent of the country’s GDP.Besides, 39.2 percent of the total employment in the country has been achieved in the service sector.As part of its move, the gove...
Light engineering is set to become a major driver of the country’s economy in line with Prime Minister Sheikh Hasina’s declaration of ‘Light Engineering’ as the product of the year 2020.Bangladesh is now a major player indeed in the global apparels industry. But the Light Eng...
The robust inflow of remittance from the expatriate Bangladeshis has become the lifeline of the national economy with the exports of readymade garments, country’s largest export sector, declining amid the coronavirus fallout.Bangladesh’s remittance inflow registered a 10.85 percent growt...
A special project involving Tk 3,020 crore will be placed at the Executive Committee of National Economic Council (ECNEC) meeting tomorrow (Tuesday) to modernize agriculture sector for recovering losses caused by corona pandemic.It is expected that the meeting will approve the project in order to pr...
In the pandemic situation when ferocity of COVID-19 has created the worst scar in all export-oriented sectors, jute will turn out to be a blessing for the country again as its demand sees a surge in the global market despite corona crisis.As part of its intensified move, the government has extended ...
Country’s export earnings have started turning around as the overall export earnings increased by 85.61 percent or $1.25 billion to stand at $2.71 billion in June.The country has earned more than $1.46 billion by exporting goods in May, according to the Export Promotion Bureau.The figure was o...
The government plans to develop the industrial sector by facilitating reduced interest rates on long-term loan disbursement funds.In this phase, the average interest rate on loans will be reduced from 2 to 2.5 percent. This interest rate has been effective from June 30.This initiative has been taken...
A fresh initiative has been taken to accelerate the pace of implementation of the comprehensive plan known as ‘Delta Plan-2100’.In view of this, the government has undertaken 80 new projects to accelerate the execution process of the projects to be implemented by 2030 with the view to ha...
The country's remittance inflow witnessed a record high reaching $18.20 billion in last fiscal 2019-20 despite a global economic recession amid the Covid-19 crisis – a 10.85 percent up from the preceding year.In June 2020, the remittance inflow stood at a record $1.83 billion for a single-...
Braving all odds and challenges like ongoing Covid-19 pandemic, the journey of the new financial year began on Wednesday.Economists said other fiscal years in the past started normally, but this time it is going to be different.During the Corona period, public health is at a grave risk on the one ha...
The Jatiya Sangsad (JS) on Tuesday passed a Tk 568,000 crore budget for 2020-21 fiscal year, targeting 8.2 percent GDP growth, protecting people and recovering from the economic losses amid COVID-19 pandemic.This time, the budget’s slogan is ‘Economic Transition and Pathway to Progress&r...
The proposed budget for the fiscal year 2020-21 has put the highest emphasis on protecting people and recovering the economic losses amid COVID-19 crisis, Finance Minister AHM Mustafa Kamal said in the Parliament on Monday.The Finance Minister made the statement while delivering concluding remarks o...
When the leather industry was already in the doldrums, the present falling export trend coupled with coronavirus pandemic and prevailing problems of tanners has made it almost impossible for the country to attain its export target.Considered as one of the major sources of foreign exchange earnings, ...
Financial activities have begun reactivating gradually with the support of prime minister’s incentive package of Tk 1,03,000 crore to tide over the possible economic fallouts as the country has been put on edge due to coronavirus outbreak.The implementation of the Tk 5,68,000 crore national bu...
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