Current News

Bangladesh’s readymade garment exports to the European Union in July-August of the current financial year 2021-22 fell by 3.39 per cent to $3.4 billion from $3.51 billion in the same period of FY 2020-21 as the economy of the bloc is yet to recover from the Covid fallout.

Last week will certainly remain memorable for the stock market, with its indexes reaching record levels every day while market capitalisation a historical high over the five-day period.

Several hundred trucks have been waiting outside the Banglabandha land port for the past 12 days for space to be made available for exports to be offloaded on the Indian side.

The sugar prices are still much higher on the retail market, even though the government fixed the maximum retail price (MRP) of the essential on Thursday to control the rocketing trend of the commodity.

The stock market witnessed yet another bullish week with market-cap of Dhaka Stock Exchange (DSE) climbing to a historical high, thanks to increased investor participation.

The prices of edible oil, red lentil and eggs went up in the city’s kitchen markets while rice and sugar were being sold at high prices over the week ending on Friday.

Net export of readymade garments dropped for three consecutive quarters in the April-June period of 2021 amid slow demand for high value products during the Covid pandemic.

The government is all set to inaugurate four new power plants and an upgraded one, which will have the capacity to produce 779 megawatts of electricity.

Bangladesh is gearing up to sign free trade agreements (FTAs) and amend labour laws to continue to avail duty benefits on merchandise export once it comes out of the least developed country (LDC) status, said Commerce Secretary Tapan Kanti Ghosh yesterday.

The dollar hit a one-week high against peers on Wednesday as US Treasury yields held near the upper end of their recent range and as the euro weakened a day ahead of a European Central Bank policy decision.