Bangladesh’s remittance earnings from Malaysia and Singapore have suffered a major setback in the JulySeptember quarter of 2021 as fresh recruitment to the countries from Bangladesh has remained almost halted. Although the overall remittance inflow in the country dropped by 19.44 per cent year-on-year in July-September of 2021 period, the …
Read More »‘Govt working to ensure fair price for paddy’
Food Minister Sadhan Chandra Majumder on Sunday said the government is working relentlessly to increase food stocks and ensure fair prices for farmers’ paddy aiming to build a hunger-free Bangladesh. “Under the leadership of Prime Minister Sheikh Hasina, Bangladesh is now a role model of development in the world which …
Read More »Bangladesh to showcase Nakshikantha, Jamdani, jute goods at IITF in New Delhi
Different Bangladeshi products, especially the country’s traditional Nakshikantha, Jamdani Saree, Dhakai Moslin Saree, jute and wood carving crafts, would be displayed in the 40th India International Trade Fair (IITF)-2021 beginning tomorrow in New Delhi. The fair is being held from November 14-27 at the revamped exhibition halls at Pragati Maidan …
Read More »Bangladesh seeks post-graduation EU trade support
Dhaka urged the European Union (EU) to continue trade preferences to Bangladesh even after the country graduates from world’s poor-country club, under unimpeachable economic partnership. The call came from Finance Minister AHM Mustafa Kamal when newly appointed EU ambassador to Bangladesh Charles Whiteley met him in a courtesy call at …
Read More »Stocks open week on slow trend
Stocks witnessed a slow trend on Sunday, the opening day of the week, as investors were active on both sides of the trading fence amid the ongoing quarterly earnings disclosures. Following the previous week’s upturn, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 3.94 points …
Read More »Rod prices go thru the roof
Rod prices in Bangladesh hit Tk 80,700 per tonne because of the persistent high prices of raw materials globally, supply constraints, and the latest hike in fuel prices locally, official figures showed on Friday. It was up 4.12 per cent from Tk 77,500 per tonne on Thursday, according to the …
Read More »Bangladesh offers best incentives for investors
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged French investors to take note of Bangladesh as an ideal destination for relocating industries. “Bangladesh offers the best competitive fiscal and non-fiscal incentives for investment,” said FBCCI President Md Jashim Uddin. His comments came as the FBCCI signed …
Read More »Trade deficit widens deeper in Q1’22
Economists said that such an imbalance in imports and exports will likely have a major impact on the domestic dollar market The growing elasticity of trade deficit has put pressure on foreign trade, as the current deficit figure of $6.503 billion in the first quarter (July-September) of the current fiscal …
Read More »40% energy to come from renewable sources by 2041: Hasan
Information and Broadcasting Minister Dr Hasan Mahmud has said cent percent people of the country will be brought under electricity coverage within this year. He hoped that the use of the country’s 40 percent energy would be ensured from renewable sources by 2041. Hasan, also the Awami League joint general …
Read More »Japan’s SoftBank to buy 20% stakes of bKash
Japanese multinational conglomerate SoftBank Group Corporation is going to buy 20 per cent stakes of bKash, one the largest mobile financial service providers in Bangladesh. Brac Bank took the decision yesterday in its board meeting, according to a disclosure posted by the financial institution on the website of the Dhaka …
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