The country’s export has fetched $4.73 billion in the month of October as single-month highest which is 60.37% higher than last year. The 60.37% year-on-year rise beat the $3.46 billion target set for the month, said a report released by Export Promotion Bureau (EPB) on Tuesday. Meanwhile, exports increased by …
Read More »DSE daily turnover hits six-month low
Stocks edged higher on Thursday, snapping a four-day losing streak, with turnover hitting a fresh six-month low, as investors were mostly reluctant to make fresh investment amid ongoing pessimism. The market moved between positive and negative several times before closing at slightly higher. At the end of the session, DSEX, …
Read More »Covid 2nd wave pushed 3.24 crore people into poverty in August: Survey
The second wave of the pandemic, this year, pushed 3.24 crore people — 19.54 percent of the country’s population — into poverty in August, according to a new survey. Power and Participation Research Centre (PPRC) and the Brac Institute of Governance and Development (BIGD) came up with the findings at …
Read More »Dhaka calls for direct sea port connectivity between Chattogram and Ranong
Thai Embassy in Dhaka will organize a road show to celebrate the 50 years of diplomatic relation between Bangladesh and Thailand next year, said Thai ambassador Makawadee Sumitmor at a bilateral business meeting with DCCI on Tuesday. Rizwan Rahman, president of Dhaka Chamber of Commerce and Industry (DCCI) led the …
Read More »TCB launches OMS today
Consumers will have to count Tk 10 more for each litre of soybean oil under the government’s open market sale (OMS) programme. The Trading Corporation of Bangladesh (TCB) is set to launch OMS of key essential items today (Wednesday) to keep their prices within the buying capacity of common people, …
Read More »Hasina urges expatriates to invest more in Bangladesh
Prime Minister Sheikh Hasina has urged the expatriate Bangladeshis all over the world to invest more in Bangladesh as investment opportunities for them have increased in all sectors. “We’ll find out the barriers, if any, in this regard and I assure you all of solving those problems for your convenience …
Read More »US, UAE lead $4b effort to help farming adapt to climate change
The United States and the United Arab Emirates on Tuesday used COP26 climate talks to launch efforts to channel funding into making agriculture resilient to climate change, as well as to cut its emissions. The farming industry, a major part of the U.S. economy, is already battling the effects of …
Read More »AIIB to extend $250 million loan for economic recovery
The Asian Infrastructure Investment Bank (AIIB) is set to provide $250 million loan for Bangladesh’s economic recovery from the fallout induced by the Covid-19 pandemic. Fatima Yasmin, secretary of the Economic Relations Division, and DJ Pandian, vice president for investment operations region 1 of AIIB, signed the loan agreement virtually …
Read More »Exports firing on all cylinders
Exporters in Bangladesh have kept setting new records as merchandise shipment fetched $4.72 billion in October, the highest single-month receipts. The earnings were 60.37 per cent higher year-on-year, data from state-owned Export Promotion Bureau (EPB) showed yesterday. October’s receipts shattered the previous single-month highest export earnings posted in September when …
Read More »Seaweed farming can transform Bangladesh’s blue economy: Experts
Seaweed farming holds enormous prospect for Bangladesh to expand its blue economy as the marine plants and algae have multipurpose applications in industries like food, cosmetics, pharmaceuticals and fertilizer in local and global markets, according to experts in this field. To promote seaweed farming commercially, the country needs to develop …
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