Current News

Earnings from jute exports from Bangladesh slumped for the second consecutive year in July-January, raising concerns for the promising industry, one of the few sectors for which raw materials are locally available. Due to the global economic slowdown, shrinking demand, increasing domestic production cost and the persisting anti-dumping duty imposed …

Bangladesh produced 93.8 million kg of tea in one year. However, Tea production in the country has reduced by 2.67 million kg. Despite the target of producing 100 million kg of tea in 2022, the country’s tea gardens have failed to meet the target due to adverse weather conditions and …

Cash-strapped Bangladesh asked Saudi Arabia for extended credit on oil supplies, Dhaka’s foreign ministry said, as the South Asian nation grapples with dwindling foreign exchange reserves. Saudi Arabia supplies more than half of Bangladesh’s crude imports, but Bangladesh has been hit hard by the global surge in energy and food …

Bengal Polymer Wares was awarded the second prize in the Premier Pavilion category at the Dhaka International Trade Fair. The closing ceremony of the 27th Dhaka International Trade Fair 2023 was organized at the Bangabandhu Bangladesh China Friendship Exhibition Centre, Purbachol where the award was handed over, reads a press …

Required commodities for the holy Ramadan will reach the country before it starts, the country’s LC opening data showed. Except for chickpeas, the number of LC openings of the four other commodities — cooking oil, sugar, onion and dates — has already increased ahead of this year’s Ramadan compared to …

Despite facing external economic shocks that have led to a dollar crisis, Bangladesh’s export earnings and foreign remittances increased in the first month of 2023. The Export Promotion Bureau (EPB) reported that Bangladesh’s export earnings rose by 5.89 percent to reach $5.13 billion in January 2023, compared to $4.85 billion …

Stocks ended nearly flat in the week to Thursday after a three-week rally as investors tried to rebalance their portfolios taking cues from the latest quarterly earnings reports. Investors mostly opted for profit-booking on rallied stocks while some others showed buying interest in sector-specific issues with potentials to declare higher …

Bangladesh Bank has sold US dollar at Tk 101 each to banks for the first time, giving indication that it is likely to devalue the local currency to reflect the market reality. The central bank sold $89 million to banks on February 1 to enable the financial institutions to clear …

Despite the persisting volatility in the global economy and higher consumer prices in the western markets, Bangladesh’s merchandise shipment grew 5.89 per cent year-on-year to $5.13 billion in January, official data showed yesterday. This was the second-highest single-month shipment in the history of the country. The previous highest was recorded …

Bangladesh bagged $5.13 billion through exports in January – the first month of the calendar year 2023 – fetching a 5.89% year-on-year (YoY) growth, according to recent data published by the Export Promotion Bureau (EPB). During the same period last year, the country had earned $4.85 billion from export earnings. …