Search results for: Bangladesh

Malaysia reopens manpower market for Bangladesh

FE REPORT 2022-06-03 08:48:16

Malaysia reopens manpower market for Bangladesh after a four-year ban, paving the way for increasing overseas jobs and remittance, the government hopes. Minister for Expatriates' Welfare and Overseas...

Pay Tk 1.5m to families of each adulterated paracetamol victim: HC

-- 2022-06-02 21:16:32

The High Court has ordered the Directorate General of Drug Administration of DGDA to pay Tk 1.5 million to every family of the 104 children who died after consuming adulterated paracetamol syrup in tw...

Taka depreciated further by 90 paisa

SIDDIQUE ISLAM 2022-06-02 19:42:16

The local currency has further depreciated significantly against the US dollar mainly due to higher demand for the greenback for settling import-payment obligations. The Bangladesh Taka (BDT) currenc...

BB allows taka exchange rate to float against dollar

-- 2022-06-02 16:32:26

Bangladesh Bank has decided to allow the exchange rate for the taka to float against the dollar in a major shift from the managed rate. This means the price of the dollar in the market will be dete...

Merchandise export fetches $47.17b in 11 months of FY '22

FE ONLINE REPORT 2022-06-02 15:41:32

The country's merchandise export earnings maintained hefty growth during the first eleven months of the current fiscal year recording over 34 per cent rise year on year following the good performanc...

Farashuddin urges for reducing reliance on imports for self-sufficient economy

-- 2022-06-02 11:42:36

Former Bangladesh Bank governor Mohammed Farashuddin thinks the next national budget should focus on efforts to build a self-sufficient economy by reducing dependency on imports, bdnews24.com reports....

GDP growth may slow to 6.5pc

JASIM UDDIN HAROON 2022-06-02 08:48:02

Bangladesh's real GDP growth may slow to 6.5 per cent in the next fiscal year (FY 2022-23), says a global rating agency that attributes the slowdown to a slew of headwinds. In the process of rebound...

May inward remittances down by 6.24pc

FE REPORT 2022-06-02 08:36:05

Volume of the country's inward remittances declined by around 6.24 per cent to US$1.88 billion in May of the current fiscal year over the previous month, official data revealed. Bangladeshis staying...

Govt approves purchasing 3.36m MMBtu LNG

-- 2022-06-01 20:09:08

The Cabinet Committee on Government Purchase (CCGP) has approved a total of 17 proposals, including the import of 3.36 million MMBTus (British thermal units) of LNG to meet the growing demand. The ap...

Upcoming budget to focus on economic recovery, says finance minister

-- 2022-06-01 19:11:02

Finance Minister AHM Mustafa Kamal has said the upcoming national budget for the fiscal year 2022-23 will focus on economic recovery from uncertainties due to the Covid-19 impact and the Russia-Ukrain...

Leather sector can hit $12b in export earnings by 2030

-- 2022-05-31 20:55:51

Speakers at a webinar on Tuesday stressed the need to work by integrating all concerned stakeholders to ensure compliance in the leather sector. They said the Ministry of Industries, Ministry of Envi...

Stocks perform mixed, major indices finish flat

-- 2022-05-31 17:54:58

Stocks on Tuesday performed mixed with major indices finishing flat. DSEX, the prime index of the DSE, went up by 4.20 points or 0.06 per cent to settle at 6,392.86. The DSE Shariah Index (DSES) also...

Bangladesh plans adopting payment systems of Hong Kong, Singapore

-- 2022-05-30 20:10:35

Bangladesh is considering adopting new payment methods developed in Hong Kong and Singapore as an alternative to move away from the SWIFT system and save up dollars. The government has instructed the...

Bangladesh received $1.65b as remittances in 26 days of May

-- 2022-05-30 18:21:33

The ministry of finance is expecting the growth of inward remittance by 16 per cent in the fiscal year FY23. Bangladesh has, meanwhile, received inward remittance of US$1.65 billion in 26 days of May...

It was all about confidence for Liton Das

Ahnaf Wazed Khan 2022-05-30 15:48:44

Liton Das is enjoying the form of his life right now. Batting had never seemed to be as easy for any Bangladeshi batter as it is for Liton Das now.  He is now the highest scorer in this calendar...

NBL to raise Tk 5.0 billion

FE REPORT 2022-05-30 10:21:40

National Bank Ltd (NBL), a first-generation private commercial bank, will raise Tk 5.0 billion by issuing subordinated bonds to strengthen its capital base. The company's board of directors has tak...

Private sector credit flow up to 12.48pc

FE REPORT 2022-05-30 08:42:37

Private-sector credit flow increased further in April 2022 following rising demand for loans, particularly for trade financing, to settle import-payment obligations. The credit flow rose to 12.48 p...

Bangladesh Bank increases its key interest rate by 25 basis points to 5.0pc

-- 2022-05-29 21:40:27

The central bank has raised its key interest rate by 25 basis points to 5.0 per cent as part of its efforts to control consumer prices. The repo rate change, the first since July 2020, will be effect...

Bangladesh in strategic position to offer huge economic dividend to the region

Mir Mostafizur Rahaman from Guwahati 2022-05-29 20:38:19

Highlighting the geographical position of Bangladesh in the Indo-Pacific region, international experts on Sunday said that the country is set to gain a huge economic dividend by becoming the manufactu...

Taka to depreciate by Tk 1.10 against US dollar

SIDDIQUE ISLAM 2022-05-29 18:59:35

The exchange rate of the Bangladesh Taka (BDT) is going to depreciate largely against the US dollar mainly due to higher demand for the greenback for settling import-payment obligations. The local cu...

How Bangladesh has surged past India on road to South Asian economic stardom

Syed Munir Khasru 2022-05-29 17:26:12

Since 2009, Bangladesh has maintained macroeconomic stability through prudent fiscal and debt management, along with expansion of its social security net and investment in infrastructure projects.&n...

‘Digital platforms can enhance connectivity between people, budget-makers’

FE ONLINE REPORT  2022-05-29 16:38:32

By ensuring effective participation of the people in the making and implementation processes of the national budget, pro-people and inclusive development can be further accelerated, opined speakers an...

Is Bangladesh's current $42bn forex reserve safe enough?

-- 2022-05-29 10:28:53

The recent rise of the US dollar against the taka and the bankruptcy of Sri Lanka have raised a burning question in the public sphere - whether Bangladesh’s foreign currency coffers are enough f...

Consumption surge secures growth, squeezes savings

JASIM UDDIN HAROON 2022-05-29 08:19:07

Bangladesh's economic growth has been fueled by a surge in consumption as a letup in the pandemic has unfrozen pent-up demand, but it costs people their savings. Such consumption binge, for example,...

Banking sector facing big challenges, says central bank governor

-- 2022-05-28 18:04:05

Bangladesh Bank (BB) Governor Fazle Kabir on Saturday said the banking sector is currently facing big challenges of inflation and unstable foreign exchange rate in the post-Covid-19 period. “A...

Reaping maximum benefits from Padma Bridge: Experts for timely policy, support

MUNIMA SULTANA 2022-05-28 11:51:36

The country expects huge economic benefits from the dream Padma Bridge project, though experts suggest taking timely policy and supportive measures to reap maximum benefits from the country's longest...

Govt gets businesses' tips on trade boosting

SYFUL ISLAM and REZAUL KARIM 2022-05-28 08:44:30

Diversification of export destinations and pursuing a pragmatic export policy are among the dos in a contingency recipe the government has got from the business community for weathering headwinds fa...

Portugal seeks Bangladesh’s wider cooperation 

-- 2022-05-27 18:47:57

Portugal has attributed Bangladesh's rapid rise in the economic and social sectors in recent times to the existing political stability under the leadership of Prime Minister Sheikh Hasina.  Port...

Shipping Corporation's EPS jumps 310pc in 9 months

FE REPORT 2022-05-27 10:39:34

The state-run Bangladesh Shipping Corporation has reported a 310 per cent increase in its profit year-on-year in nine months of the current fiscal year thanks to significant increase in shipping far...

MCCI suggests caution in spending forex

FE REPORT 2022-05-27 09:12:56

The MCCI, Dhaka recommended cautionary measures in spending foreign currencies to contain rising import cost and help save foreign-currency reserves for the sake of ensuring the country's macroecono...