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The country’s export earnings in the ready-made garments sector increased rapidly from different countries across the World despite the economic crisis.Economists said different countries in the world are facing economic crises due to higher inflation caused by the Ukraine-Russia war. Des...
National,Back Page
Bangladesh's exports to India witnessed a rapid growth to stand at around $1 billion in five months in the current fiscal year and it hit record high in the last fiscal to reach about $2 billion.Exports of manufactured garments, the main export product, have increased by around 49 percent to sta...
Bangladesh dominates the global denim market and becomes the top exporter of denim garments in both the European Union and the United States markets despite crisis caused by declining consumer demand, experts said. The country is now in the lead over other denim exporting countries in terms of ...
Remittances again witnessed a rising trend after various measures taken by Bangladesh Bank including tough steps against illegal hundi money transfering business.The Bangladesh Financial Intelligence Unit (BFIU) of the Central Bank has temporarily suspended the withdrawal of 230 beneficiaries of rem...
The government and the Bangladesh Bank have taken various measures to reduce imports which is helping to raise reserves again despite the crisis.The number of letters of credit (LCs) opened for import of goods has come down to half after several steps of the Central Bank which reduced the press...
Bangladesh Bank strengthened dollar support selling around $6.05 billion directly to commercial banks from the foreign exchange reserves to stabilize the forex market during July-November 2022-23 fiscal year despite dollar crisis.To meet the market demand, the Central Bank has been selling dollars f...
The government's foreign debt flows have increased to $621.40 million in October in the current fiscal year 2022-23 over the corresponding period of previous fiscal despite the global crisis.Due to the crisis, the economy of Bangladesh, like many other countries in the world, is under a lot of s...
Bangladesh’s reserves are increasing again despite the Bangladesh Bank giving a record amount in dollar support to the commercial banks from the reserves.Experts said the reserves are rising slightly again, thanks to a decline trend on import payments.According to Bangladesh Bank data, th...
The government has undertaken a research project on 12 potential sectors for exports diversity to boost the export capacity for overcoming the fresh challenges the country is likely to face after its graduation.By 2026, Bangladesh will come out of the list of the least developed countries (LDC) and ...
The country’s foreign direct investment (FDI) witnessed a rapid growth despite all economic indices stumbling amid a global crisis, thanks to a stable political environment, experts said.The FDI increased by about 28 percent to stand at $1.16 billion in the first quarter (Q1) in the current fi...
Bangladesh’s exports to India witnessed a rapid growth in the first quarter of the current fiscal year to reach about $612.70 million, up 22.80 percent from that in the same period of the previous fiscal.In the first quarter (July-September) of the 2021-22 fiscal, exporters of Bangladesh expor...
Bangladesh Bank strengthened dollar supportselling $4.20 billion directly tocommercial banks from the foreign exchange reserves to stabilize the forex market untiloctober20in 2022-23 fiscal year.To meet the market demand, the Central Bank has been selling dollars from the reservesin continuation of ...
Bangamata Begum Fazilatunnesa Mujib 8th Bangladesh-China Friendship Bridge has brought new hope by bringing the curtain down on years of suffering and agony endured by the people of the country's southwestern region.Prime Minister Sheikh Hasina formally opened the much-desired Bangamata Bridge o...
The government has undertaken several projects to provide sanitary towels for teenage health protection, uninterrupted education programs and to create women entrepreneurs by imparting training to them for economic and social advancement.Besides, the government will distribute 16,000 bicycles to poo...
Bangladesh must take preparations in advance aimed at tackling a global economic recession for overcoming looming crisis, say experts.The ongoing global recession will deepen in the coming days, they said, adding that to deal with this recession, Bangladesh will have to take urgent steps, including ...
Dhaka is embracing relief from the regular traffic jams as the streets of the capital are virtually empty due to Durga Puja, the weekend and the holy Eid-e-Miladunnabi holidays together. On Wednesday, while visiting different areas of the capital including Motijheel, Gulistan, Shahbagh, Farmgate, Mi...
The government has taken an initiative to create 1,440 agricultural entrepreneurs to transform Subsistence level agriculture into commercial farming.The plan has been taken with a view to maximising farm production reducing cost of production through mechanization of agriculture with easy supply of ...
Dollar price has been reduced in the curb or open market as the government and Bangladesh Bank have taken strict initiatives to overcome dollar crisis. Money exchange houses sold a US dollar at the rate of Tk 107 to Tk 108 on Thursday.On Tuesday, the green back sold at the rate of Tk 114-Tk 115...
The dollar rate is increasing again in the curb market or open market as money exchange houses sold per US dollar at the rate of Tk 114 to Tk 115 on Tuesday.The dollar rate has increased by about Tk 5 within two days as on Sunday, the greenback was sold at Tk 109 to Tk 110 in the open or curb market...
Bangladesh Bank sold about $2.04 billion directly to commercial banks from the foreign exchange reserves to stabilize the forex market till 24 August in the 2022-23 fiscal year.To meet the market demand, the Central Bank has been selling dollars from the reserve in the continuation of the last...
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