Global retailers cancelling, delaying work orders: BGMEA

BGMEA president shared the information in a press meet in Dhaka today
7 February 2023, 09:56 AM

Belgian Queen Mathilde praises Bangladesh’s RMG growth

Belgian Queen Mathilde today praised the transition of Bangladesh’s garment industry towards sustainable and responsible manufacturing and the progress the south Asian country has achieved to ensure workers’ rights and welfare.
6 February 2023, 15:51 PM

Per capita income misses estimates

Bangladesh's per capita income stood at $2,793 in fiscal 2021-22 -- $31 lower than the initial estimate as the steep depreciation of the taka messed up the government’s numbers.
5 February 2023, 16:11 PM

New window to be introduced for Islamic banks’ liquidity support

The Bangladesh Bank will introduce another tool to provide liquidity support to the cash-strapped shariah-based banks in order to cushion their ailing financial health.
5 February 2023, 15:53 PM

GDP grows 7.1%, but falls below provisional data

Bangladesh logged higher growth in gross domestic product (GDP) in 2021-22 fiscal year compared to the previous year, but it was 15 basis points below the provisional estimate.
5 February 2023, 15:16 PM

Stocks break three-day gaining streak

Stocks in Bangladesh broke a three-day rising trend today, but the turnover of the Dhaka bourse rose.
5 February 2023, 13:07 PM

Robi’s flagship entrepreneurship contest r-ventures 3.0 selects semi-finalists

Robi’s flagship digital entrepreneurship competition r-ventures 3.0 has selected top 25 ideas for the semi-final round of the programme.
5 February 2023, 12:39 PM

Shamsul Arefin joins ICT Division as secretary

Md Shamsul Arefin today joined the Information and Communication Technology (ICT) Division as its secretary.
5 February 2023, 11:59 AM

Idcol to get €140.5 million from German bank

The Infrastructure Development Company Limited (Idcol) is all set to get €140.5 million from German Development Bank Kreditanstalt fur Wiederaufbau (KfW) -- €41 million for energy efficiency and €99.5 million for renewable energy projects.
5 February 2023, 11:06 AM

Potato export to Russia to begin this year: Razzaque

Bangladesh will start exporting potatoes to Russia again this year as the world’s largest country lifted ban on the entry of tubers from the south Asian nation last year, Agriculture Minster Muhammad Abdur Razzaque said today.
5 February 2023, 10:38 AM

Service exporters to get forex retention quota facility

The central bank has instructed banks to provide exporters' retention quota (ERQ) account services to service exporters to help them carry out international transactions.
5 February 2023, 10:26 AM

Weak financial system always a problem for economic management

The immediate outlook for the new year is not as bad as had been predicted before. The Chinese economy is opening up, the industrialised West is adjusting and realigning their economies to the new realities, and a global economic recession does no longer seems inevitable.
4 February 2023, 12:00 PM

Fuel price hike could have been avoided: Wahiduddin Mahmud

Bangladesh would hardly have needed to go for a sudden hike in fuel prices last year had the government waived value added tax (VAT) on petroleum, Eminent Economist Wahiduddin Mahmud said today.
4 February 2023, 10:17 AM

Bangladesh among top 3 countries for Facebook active user growth: Meta

Bangladesh is among the top three nations contributing to the active user growth for Facebook as of December 31, 2022, according to social media giant Meta.
4 February 2023, 08:23 AM

LC opening for Ramadan commodities rises in January

The quantity of Ramadan essential commodities to be imported through letters of credit (LCs) increased in January, which will help keep the commodity market stable, Bangladesh Bank said today.
2 February 2023, 14:01 PM

Bangladesh Bank sells US dollar at Tk 101 for first time

Bangladesh Bank has sold US dollar at Tk 101 each to banks for the first time, giving indication that it is likely to devalue the local currency to reflect the market reality.
2 February 2023, 13:23 PM

IMF releases $476.27 million as first loan instalment for Bangladesh

The International Monetary Fund (IMF) has disbursed $476.27 million to Bangladesh as the first instalments of $4.7 billion loan it approved early this week.
2 February 2023, 13:01 PM

Does Bangladesh ship garments to the Middle East?

Bangladesh ships apparel items to the Middle Eastern countries and the good thing is local garments are steadily gaining popularity in the Middle eastern countries.
1 February 2023, 11:40 AM

Stocks return to black after three days

Stocks of Bangladesh returned to the black today after a break of three days though most of the shares either dropped or remained unchanged.
1 February 2023, 10:21 AM

IMF’s loan a respite for Bangladesh’s current economy: Dhaka Chamber

The International Monetary Fund’s (IMF) $4.7 billion credit facility will come as a relief for Bangladesh as the country faces a shortage of foreign exchanges, said the Dhaka Chamber of Commerce and Industry (DCCI) today.
1 February 2023, 09:33 AM