National,Front Page
The government mulls earning $60 billion from the export sector by 2021. This will coincide with marking the 50th anniversary of the country’s independence.Highlighting export earnings of $40.5 billion in the last fiscal year, this target is still achievable within 2 years, if the government t...
Readymade garment (RMG) export witnessed a robust growth in the just-concluded fiscal increasing by 11.49 percent due to different initiatives undertaken by the government. Higher rates of US dollar and improving products quality also contributed to the steady rise, experts said. The earnings, which...
The country fetched record $40.53 billion export earnings in the last fiscal year (FY2018-2019), up by 10.55 percent over the previous fiscal. The inflow was $36.66 billion in fiscal 2017-18. The export earnings beat the strategic target of $39 billion set for the last fiscal by 3.94 percent. Expert...
Business,Back Page
Stocks returned to a falling streak last week as investors remined cautious following the budget. Market analysts said many of the investors willing to remain on the sidelines, awaited a bouncing market as tax review measures failed to boost investors' confidence. The government took some measur...
National,Back Page
Stock market analysts strongly suggest that Bangladesh should immediately create a conducive environment to attract larger foreign investment in stock exchanges to build the confidence of the local shareholders. “Foreign investment is essential for the capital market to build the confidence of...
The country’s remittance inflow stood at a record high of $16.41 billion in fiscal (FY) 2018-19, according to Bangladesh Bank (BB). This inflow increased by about 9.5 percent in FY19 from $14.98 billion in the previous fiscal. BB spokesperson and executive director Md Serajul Islam told Bangla...
The national budget for the fiscal 2019-20 was passed at the Jatiya Sangsad on Sunday with a number of supportive steps for revival of the capital market amid major revisions in some proposals. Market experts, however, have opined that the pragmatic moves of the government will create a favourable e...
Front Page
Bangladesh needs to undertake immediate massive plans to develop skilled manpower in Ready-Made Garments (RMG) in order to invite foreign investments.It is time for Bangladesh to prepare and organise the RMG sector in order to lead in the global competition. Bangladesh is currently second, next to C...
The country’s remittance inflow will hit a record high to stand at more than $16 billion in the current fiscal 2018-19, Bangladesh Bank officials expect. And this remittance inflow would be an increase of more than 10 percent over that in the last fiscal, they opined. Remittance inflow stood a...
Bangladesh's export earnings from the US market stood at $5.16 billion in the July-March period of the current fiscal year (2018-19), which is almost 17 percent higher than the amount --$4.41 billion -- earned in the corresponding period of the previous fiscal. In the meantime, the country's...
In a bid to encourage Bangladeshi expatriates living in various countries to send money home through legal channels, the government is going to have a special budgetary allocation for the next fiscal year. The finance ministry has already proposed keeping aside Tk 250 billion in the national budget ...
The country witnessed a whopping 39 percent rise in remittance inflow in the first fifteen days of the current month over the corresponding period of previous month. The remittance inflow has increased to $1 billion during the period from only $717 million in the same period of the previous month. T...
The government will have to add more products to Bangladesh’s export basket to ensure the growth in the sector sustainable for the country, experts said.Although the government has been providing cash incentive for different products to encourage traders to boost the export earnings of the cou...
National
The country’s export earnings witnessed a robust growth in first ten months of the ongoing fiscal year (FY2018-2019).In July-April period of the country’s total export earnings stood at $33.93 billion, up by 11.61 percent over the corresponding period of the previous fiscal.The inflow wa...
Amid continuous depreciation of stocks the government has undertaken massive measures to boost the country’s capital market, which faced crushing blows thrice in the period between 1996 and 2010 due to some unscrupulous traders and stakeholders. However, market analysts said, the government&rs...
The country’s foreign exchange reserves stood at $32.08 billion at the end of April this year, $335.66 million higher than that in the previous month, according to Bangladesh Bank (BB) data. Experts and bankers opined that the steady growth of remittance, and readymade garments export earnings...
The country’s stock market has bounced back overcoming a straight 13-week losing streak. DSEX, the prime index of the DSE increased by 20.57 points or 0.39 percent to close at 5,286 last week over the previous week after losing 775 points in the past 13 weeks. Meanwhile, the comprising blue ch...
The country’s remittance inflow registered a sturdy growth during July-April of the current fiscal 2018-19 as Bangladesh expatriates now prefer sending their hard-earned money through formal channel. Besides, the Bangladesh Bank has taken many steps to raise the remittance inflow while stronge...
Net foreign direct investment (FDI) has significantly increased last year due to time-befitting initiatives undertaken by the government. Experts opined a strong FDI inflow has contributed greatly to constant increase in foreign reserve, job opportunities and labour skills in recent times to keep up...
The foreign investment in the Dhaka Stock Exchange has increased to Tk 4243.8 million in the first fifteen days of the current month, up more than 81.39 percent from the same period last year. Analysts liked the significant rise to continuous fall in most of the share prices. Foreign investors have ...
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