13h ago| Business

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.

2d ago| Business

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.

2d ago| Business

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.

1w ago| Business

Business leaders to sit with PM to review gas, power prices

The business leaders are scheduled to sit with Prime Minister Sheikh Hasina soon to review gas and power prices, as they are facing difficulties because of the high prices of the two, Commerce Minister Tipu Munshi said today.

1w ago| Business

'Commerce ministry will continue to work for ease of doing business'

The commerce ministry would continue its advocacy with other ministries to simplify the process of obtaining certificates and registration, including five-year trade licences, to ensure ease of doing business, Commerce Minister Tipu Munshi said today.

1w ago| Business

Phone makers must preinstall Bijoy app, but no obligation for users: Jabbar

Preinstallation of Bijoy app on android phones is still mandatory for the importers and manufacturers of the devices, but it is not obligatory for the users to use the Bangla writing software, Telecom Minister Mustafa Jabbar said today.

February 4, 2023
February 4, 2023

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.

February 2, 2023
February 2, 2023

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.

February 2, 2023
February 2, 2023

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.

February 2, 2023
February 2, 2023

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.

February 1, 2023
February 1, 2023

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.

February 1, 2023
February 1, 2023

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.

January 31, 2023
January 31, 2023

Bangladesh’s forex reserves to hit 4-year low in FY23: IMF

Bangladesh’s gross foreign exchange is likely to stand at $30 billion at the end of 2022-23 fiscal year, lowest in four years, according to the International Monetary Fund (IMF).

January 31, 2023
January 31, 2023

Dhaka trade fair fetches Tk 300 crore in export orders

The 27th edition of the Dhaka International Trade Fair (DITF) came to an end today and it fetched export orders worth Tk 300 crore.

January 31, 2023
January 31, 2023

Businesses suffer for C&F agents’ 7-hour strike

Import-export activities at all customs stations across Bangladesh, including Chattogram port, were suspended for about seven hours yesterday as clearing and forwarding (C&F) agents observed a strike from 9:00am to 4:00pm to drive home their eight-point demand.

January 29, 2023
January 29, 2023

Tea production falls 3% in 2022

Tea production in Bangladesh decreased by nearly 3 per cent year-on-year in 2022.