dollar crisis

Dollar crisis puts textile millers in a tight spot

The ongoing dollar shortage in the banking sector is posing a threat to local textile millers and spinners as they are in trouble in opening letters of credit (LCs) to import raw materials and cotton to feed the country’s readymade garment industry. 

Forex volatility costs large firms Tk 65,000cr

Bangladesh’s conglomerates have lost Tk 65,000 crore over the past one year because of the fluctuation of the value of the taka against the US dollar as loans have become costlier due to the volatile global economy, said a noted economist yesterday. 

Higher input, dollar costs take gloss off paint industry

Like other sectors, the paint industry in Bangladesh is in troubled waters as the US dollar crunch has made it difficult for manufacturers to import raw materials in line with their demand. 

DCCI urges BB to supply adequate dollars to banks

The Dhaka Chamber of Commerce & Industry (DCCI) called upon the Bangladesh Bank to assist commercial banks with adequate foreign exchange supply to help them settle letters of credits (LCs) with a view to ensuring the continuous supply of essential commodities during the upcoming Ramadan. 

Dollar shortage bites pharma industry

The pharmaceuticals industry, which has made life-saving drugs available at lower costs, is facing troubles in opening letters of credit (LCs) to import much-needed raw materials and capital machinery owing to the US dollar crunch. 

After energy, LC opening crisis now cripples businesses

At the beginning of 2022, businesses were upbeat and many of them thought that the worst stemming from the losses induced by the coronavirus pandemic was finally over. That was short-lived. 

LIGHT ENGINEERING SECTOR / Exports dip in first half of current fiscal year

Exports of light engineering equipment, including stainless-steel and iron ware, from Bangladesh have decreased in the first six months of the current fiscal year compared to the same period the year before.

Gas, power price hike: Pharma sector fears 25% rise in production cost

Medical treatments are about to get costlier as production cost for manufacturing  drugs will go up by at least 25 per cent following a recent hike in gas and power charges, according to manufacturers.

Govt to ask banks for keeping dollar for essentials import: Tipu Munshi

The government will request the banks to keep a portion of dollars reserved to facilitate the import of essential commodities before Ramadan, the fasting month when demand for certain items increases.

January 31, 2023
January 31, 2023

Dollar crisis puts textile millers in a tight spot

The ongoing dollar shortage in the banking sector is posing a threat to local textile millers and spinners as they are in trouble in opening letters of credit (LCs) to import raw materials and cotton to feed the country’s readymade garment industry. 

January 30, 2023
January 30, 2023

Forex volatility costs large firms Tk 65,000cr

Bangladesh’s conglomerates have lost Tk 65,000 crore over the past one year because of the fluctuation of the value of the taka against the US dollar as loans have become costlier due to the volatile global economy, said a noted economist yesterday. 

January 29, 2023
January 29, 2023

Higher input, dollar costs take gloss off paint industry

Like other sectors, the paint industry in Bangladesh is in troubled waters as the US dollar crunch has made it difficult for manufacturers to import raw materials in line with their demand. 

January 24, 2023
January 24, 2023

DCCI urges BB to supply adequate dollars to banks

The Dhaka Chamber of Commerce & Industry (DCCI) called upon the Bangladesh Bank to assist commercial banks with adequate foreign exchange supply to help them settle letters of credits (LCs) with a view to ensuring the continuous supply of essential commodities during the upcoming Ramadan. 

January 24, 2023
January 24, 2023

Dollar shortage bites pharma industry

The pharmaceuticals industry, which has made life-saving drugs available at lower costs, is facing troubles in opening letters of credit (LCs) to import much-needed raw materials and capital machinery owing to the US dollar crunch. 

January 23, 2023
January 23, 2023

After energy, LC opening crisis now cripples businesses

At the beginning of 2022, businesses were upbeat and many of them thought that the worst stemming from the losses induced by the coronavirus pandemic was finally over. That was short-lived. 

January 22, 2023
January 22, 2023

Exports dip in first half of current fiscal year

Exports of light engineering equipment, including stainless-steel and iron ware, from Bangladesh have decreased in the first six months of the current fiscal year compared to the same period the year before.

January 22, 2023
January 22, 2023

Gas, power price hike: Pharma sector fears 25% rise in production cost

Medical treatments are about to get costlier as production cost for manufacturing  drugs will go up by at least 25 per cent following a recent hike in gas and power charges, according to manufacturers.

January 4, 2023
January 4, 2023

Govt to ask banks for keeping dollar for essentials import: Tipu Munshi

The government will request the banks to keep a portion of dollars reserved to facilitate the import of essential commodities before Ramadan, the fasting month when demand for certain items increases.

November 23, 2022
November 23, 2022

Banks no longer opening student files

How the dollar crisis is affecting abroad-bound students.