US dollar shortage

3 submarine cable firms to team up owing to US dollar crunch

Three private submarine cables have backtracked from their initial decisions to supply bandwidth separately through undersea cables and have now agreed to collaborate on one connection amid the US dollar shortage. 

Ginger prices surge amid dollar shortage, reduced supply

Ginger prices have surged in Bangladesh as imports of the spice have become costlier amid the ongoing US dollar shortage and a recent global supply crunch resulting from lower production.

ADP spending in July-March lowest in a decade

The first nine months of the current fiscal year of 2022-23 saw the lowest implementation rate of the annual development programme (ADP) in at least the last 10 years, with only 41.65 per cent of the total outlay being spent till March, showed official figures.

Scrap vessel imports fall to four-year low

Scrap vessel imports by Bangladesh hit a four-year low in 2022 as banks in the country have become reluctant to open letters of credit amid the ongoing US dollar shortage, according to industry people.

June 6, 2023
June 6, 2023

3 submarine cable firms to team up owing to US dollar crunch

Three private submarine cables have backtracked from their initial decisions to supply bandwidth separately through undersea cables and have now agreed to collaborate on one connection amid the US dollar shortage. 

May 14, 2023
May 14, 2023

Ginger prices surge amid dollar shortage, reduced supply

Ginger prices have surged in Bangladesh as imports of the spice have become costlier amid the ongoing US dollar shortage and a recent global supply crunch resulting from lower production.

April 18, 2023
April 18, 2023

ADP spending in July-March lowest in a decade

The first nine months of the current fiscal year of 2022-23 saw the lowest implementation rate of the annual development programme (ADP) in at least the last 10 years, with only 41.65 per cent of the total outlay being spent till March, showed official figures.

February 5, 2023
February 5, 2023

Scrap vessel imports fall to four-year low

Scrap vessel imports by Bangladesh hit a four-year low in 2022 as banks in the country have become reluctant to open letters of credit amid the ongoing US dollar shortage, according to industry people.

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