The US dollar rate hikes will fuel steel raw material cost, they said at Bangladesh International Trade Summit
Turkish business leaders discussed bilateral trade potential with FBCCI president
$1.63 billion of ACU payment was settled today
The satellite, Bangabandhu-2, will be launched in 3 years
The contraceptive pill named Levonorgestrel 1.5 mg is known by its brand name of Novella-1
However, workers resumed operations today early morning
Dollar price rose just a day after the introduction of the crawling peg
The first-ever Purchasing Managers' Index shows slower expansion at 62.2 in April
CPD Distinguished Fellow Mustafizur Rahman says
The exporters have already welcomed the central bank's move to devaluate the local currency, which they have long been waiting for.
PRI Executive Director Ahsan H Mansur says
IMF mission concluded its 15-day visit to Bangladesh today
Cooperation is sought for product development, technology upgradation, monitoring and financial literacy
Bangladesh will face a severe crisis in 2026 as the government has availed a significant amount of loans from foreign lending agencies and local banks which it will have to repay, said Bhattacharya.
The crawling peg system for the taka is a delayed and, perhaps, inadequate response to the bleeding of forex reserves. Some economists suggest the central bank should go beyond this formula and open the exchange rate to market forces to stop the continuous erosion of reserves. Either way, exporters and remitters will celebrate more flexibility in the exchange rate.