Current News

Bangladesh’s forex dealers’ body will fix market-driven exchange rate daily for overseas exchange houses, as the central bank is in a drive to enforce discipline in dollar dealings. Bangladesh Foreign Exchange Dealers’ Association (BAFEDA) seeks active support of the central bank to maintain a uniform rate for the exchange houses. …

Bangladesh had been performing exceptionally well before the Covid-19 pandemic. The economy expanded, the per capita Gross Domestic Product (GDP) increased, reserve of dollar grew, inflation was low and poverty levels were decreasing. Bangladesh’s economy also started to recover well from the Covid-19 economic shock, and the economy had gradually …

As the economy of Bangladesh is growing rapidly, the Netherlands is looking to enhance bilateral trade and utilise investment opportunities here with a strong focus on digitalisation and sustainability. “As longstanding partners in the multilateral sphere, we also seek collaboration with Bangladesh in promoting a rules-based international order and human …

The number of income tax return submission in July, the first month of the current financial year 2022-23, increased by 242.75 per cent to 50,532 compared with that of 14,743 in the same month of 2021-22. The surge came after the government made it mandatory to submit return submission documents …

Around 73 per cent of Bangladesh’s garment exports is still limited to nine countries for a lack of market diversification in spite of different public and private initiatives. In the April-June period of fiscal year 2021-22, some $8.2 billion out of $11 billion came from the nine export destinations — …

The 21st edition of “Textech Bangladesh International Expo 2022” is going to be held along with two concurrent exhibitions in the capital from August 31. The other two expos are “18th Dhaka International Yarn & Fabric Show 2022-Summer Edition” and “40th Dye+Chem Bangladesh 2022 International Expo.” The expos are organized …

Dell Technologies and Microsoft’s cloud service partner Colocity Limited have brought Microsoft Azure stack hub hybrid cloud “Colcity.Cloud” to the country for the first time to help the country’s businesses to digitally transform at the speed they need. The company’s hybrid cloud is addressing business concerns of storing data at …

The droughts in China, Europe, North America, Brazil and Africa – countries that produce cotton that the RMG industry in Bangladesh imports from is now affecting RMG production here. Extreme weather is wreaking havoc on almost all of the world’s largest cotton suppliers like the US, Brazil, Canada, and Africa. …

Bangladesh Power Development Board (BPDB) has proposed to allow true-up payment method for fuel imports for private power plants. True-up is a payment made post-closing to adjust for any difference between the purchase price, which was determined on a transaction’s closing date and based on estimated financial metrics, and the …

Awami League (AL) Presidium Member and Agriculture Minister Dr Muhammad Abdur Razzaque said the government is trying its best to reduce the price of consumer goods as those have been increased due to global crisis. “We admit that people are suffering. Those with low income are finding it difficult to …