foreign exchange reserves
Lanka gets 6 more months to repay BB’s $200m
Bangladesh Bank yesterday granted Sri Lanka’s request to be given six more months to repay a $200 million loan due to the prolonging of its economic crisis.
Gas price hike spells trouble for industries
The latest hike of gas prices undoubtedly spells trouble for industries as they will try to shift the burden onto consumers by raising product prices, which will boomerang onto them by eating away at their competitiveness in international markets.
Lanka gets 6 more months to repay BB’s $200m
Bangladesh Bank yesterday granted Sri Lanka’s request to be given six more months to repay a $200 million loan due to the prolonging of its economic crisis.
Foreign aid sees higher utilisation
The use of foreign aid for development projects in Bangladesh jumped 49 per cent year-on-year in July, providing some relief to the government amid the ongoing pressure on the country’s foreign exchange reserves.
Five ways the dollar crisis impacts RMG makers in Bangladesh
In recent months, the Bangladeshi taka has plummeted to new depths against the US dollar amid a worsening foreign exchange reserve crisis.
Bangladesh economy: Not in crisis but under stress
Bangladesh’s economy is experiencing stress because of the pressure on the foreign exchange reserves, but the situation is not as alarming as many think, said top brass in the financial sector yesterday.
Save dollars: PM orders suspension of Teletalk’s 5G project
Prime Minister Sheikh Hasina has ordered the suspension of Tk 236 crore 5G project of Teletalk to keep the country’s foreign exchange reserves stable.
Use legal channel instead of hundi to send remittance: experts
The government high-ups and the top commercial bankers today urged expatriate Bangladeshis to send their money through the legal channel instead of using hundi – an illegal cross-border money transfer network.
China top holder of forex reserve in Asia
China is the world's largest holder of foreign exchange reserves. It has over two and half times more foreign reserves than the second largest reserve holder, Japan. The Asian giant has US$3.483 trillion of foreign exchange reserves, despite recent fall in foreign reserves.
No Surprise; It Keeps Growing
It is often said that numbers do not lie, but when it comes to the Bangladesh economy, the saying appears to be on shaky grounds.