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The government and banks must take measures to encourage expatriates to send money through the banking channel in a bid to boost remittance inflow, experts said at discussion on Wednesday. The seminar titled ‘Remittance through legal channel: prospects of digital platforms’ was organised by the Economic Reporters’ Forum at the …
Read More »Tumbling gas prices fail to subdue energy bills
European wholesale gas prices have fallen from record peaks reached after producer Russia’s invasion of Ukraine, but energy bills remain sky high despite government help aimed at easing consumers’ pain. In Britain and the European Union, the impact of soaring gas and electricity bills has been cushioned to an extent …
Read More »Transactions thru MFS drop for second month
Transactions through mobile financial services (MFS) dropped for a second month consecutively in August as the festival season started to flatten amid the economic downturn. The volume of transactions declined by Tk 1,723 crore to Tk 87,446 in August compared to Tk 89,169 crore a month earlier. MFS transactions had …
Read More »Sugar prices hit record high
Sugar prices have started rising afresh to hit a record high of as much as Tk 125 per kilogramme at retail in the two main cities of Bangladesh, namely Dhaka and Chattogram, further straining the wallets of consumers as inflation continues to bite. Market prices data compiled by the state-owned …
Read More »FBCCI delegation meets RAJUK chairman to discuss on DAP
A delegation of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) today met RAJUK chairman Anisur Rahman Miah to discuss about the effectiveness of Detailed Area Plan (DAP) to build a planned habitat and developed capital. FBCCI senior vice president Mostafa Azad Chowdhury Babu led the FBCCI delegation …
Read More »RMG owners want scope for importing yarn through 3 land ports
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged the National Board of Revenue (NBR) for allowing import of raw materials including yarn by roads and railways through the Bhomra, Sona Masjid and Darshana land ports. The BGMEA has made the request recently to the NBR through a letter …
Read More »What lies ahead for Bangladesh’s RMG exports?
Just when the country’s export-oriented readymade garment (RMG) industry was recovering from the effects of Covid-19 pandemic lockdowns, the Russia-Ukraine war plunged the industry deeper into multiple crises. According to industry insiders, the war managed to shift market trends, as Russia is one of the main energy exporters in the …
Read More »Vietnam struggles to break one of world’s biggest coal addictions
Despite Vietnam’s solar boom and ambitious climate targets, the fast-growing economy is struggling to quit dirty energy — leaving one of the world’s biggest coal power programmes largely intact. During the COP26 climate summit last year, the government boldly promised to end the construction of new coal plants and phase …
Read More »WTO urges countries to lift green trade barriers
The World Trade Organization on Monday urged countries to abolish trade barriers in environmental goods and services in order to help fight climate change. In its annual World Trade Report, the WTO says international commerce should not be pitted against combating the climate crisis. The report comes as global leaders …
Read More »Strategy implementation makes little progress in 7yrs: report
The implementation of the National Social Security Strategy has made a little headway since its formulation and adoption in 2015 due to inadequate and weak institutional capacities, according to a report. The report jointly prepared by the international Labour Organisation and the Research and Policy Integration for Development said that …
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