The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) today urged the central bank governor for conducting strong monitoring in private commercial banks and financial institutions to check the anomalies in currency exchange business.

Bangladesh wants easy and cheap cotton from Uzbekistan to boost trade relations between the two countries, Senior Commerce Secretary Tapan Kanti Ghosh said today.

Marking new possibilities, a garment consignment has left Mongla Port. A Panamanian-flagged ship named "Maersk Nesna" left Mongla Port for Poland at 11:30 am today (July 28, 2022).

The Metropolitan Chamber of Commerce and Industry (MCCI) today suggested the central bank should consider China’s Renminbi (RMB) as a second currency for international trading, especially for importing raw materials from China.

The Bangladesh Bank today asked banks not to purchase any vehicle in the next one year as part of the government’s efforts to cut import payments to tackle the ongoing forex volatility.

Bangladesh is failing to utilise 20 per cent of its export potential because of poor logistics services in ports, roads and clearance services in Chattogram port, an economist said today.

In the last fiscal year, Bangladesh shipped furniture to 62 countries,

Pran-RFL Group targets to export products worth $1 billion by 2025 and $2 billion by 2030.

The weeklong event will be organised by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) in partnership with Bangladesh Apparel Exchange (BAE) to promote the local garment industry in global platforms.

Bangladesh should get prepared to utilise the immense potential of the billions of dollar worth global pharmaceutical industry as the nation will lose the preferential trade benefits after its graduation to a developing country, an economist said today.

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) today sought cooperation from the International Monetary Fund (IMF) to achieve the $100 billion garment export target by 2030.

The government today set a merchandise export target of $58 billion for the current fiscal year of 2022-23, which is 11.36 per cent higher than the actual receipts in the last fiscal year.

The government has given go-ahead to 47 companies to import 73,000 tonnes of rice as part of its ongoing effort to contain food prices in the local market.

Garment exports to Bangladesh’s single largest destination, the USA, rose by 51.57 per cent year-on-year to $9.01 billion in the just concluded fiscal year.

The price of the vehicle was shown as 200,000 US dollar or Tk 1.87 crore in the import document and as an exporter the company had the opportunity to get a duty benefit of Tk 24 crore under the 170 Customs Procedure Code.

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) targets exporting $100 billion worth garment items from the country by 2030 as the local apparel suppliers are diversifying the products and markets.

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) made the call in a meeting with Abu Hena Md Rahmatul Muneem, chairman of the National Board of Revenue (NBR), at the latter’s office in Dhaka today.

Exports from Bangladesh hit an all-time high of $52.08 billion in the just-concluded fiscal year, giving much-needed breathing space to the country amid ongoing volatility in the foreign exchange regime, official figures showed yesterday.

The pressure on Bangladesh’s foreign exchange reserves continues to remain high as robust export growth was not enough to reduce deficits in external payments resulting from high import growth. 

Exports from Bangladesh hit an all-time high of $52.08 billion in the just-concluded fiscal year, giving much-needed breathing space to the country amid ongoing volatility in the foreign exchange regime.