Current News

Though inflation continued to undergo a downward trend for a third consecutive month in November, non-food inflation in rural areas entered into double digits last month for the first time in recent times. Even after the decreases, inflation still remains near 9 per cent, which is much higher than recent …

Srihatta Economic Zone has become active as a door and window manufacturing company started production in the special area in Moulvibazar’s Sherpur. Double Glazing Industries Limited—a company run by a woman entrepreneur from the UK—began production in November this year in the 352-acre economic zone developed by the Bangladesh Economic …

Despite the large windfall in remittance earnings in India and Nepal, the World Bank (WB) has forecast that the remittance flow will decline in Bangladesh and the rest of South Asia, primarily due to the adverse effects of commodities prices. WB observed in its most recent report, “Remittances Brave Global …

The USA has imported RMG items worth $7.55 billons from Bangladesh during the January-September period of the current year which is around 51 percent higher compared to the same period of last year. According to the latest statistics from the Office of Textiles and Apparel of the United States, the …

A total of 10 trade bodies have been selected for awards for their contribution to development of the country’s textiles sector, said Textiles and Jute Minister Golam Dastagir Gazi on Sunday. “We (the government) will award 10 trade bodies this year for their immense contribution to the development of the …

The Bangladesh Bank on Sunday asked banks to make the opening of letters of credit easy for importing essential products to control prices and ensure supply of the items. After a meeting of the BB with the Association of Bankers Bangladesh, BB spokesperson and executive director Md Mezbaul Haque told …

Industrial demand for liquefied petroleum gas (LPG) has shot up around threefold in the past couple of months, which market insiders believe resulted from industries trying to reduce their reliance on diesel for a hike in its price. In November, around 25,000 tonnes of LPG were sold to industries whereas …

The price of coal in Bangladesh has flared up by some 78 per cent over the past year, hitting Tk 32,000 per tonne at present compared to Tk 18,000 per tonne previously, as depreciation of the local currency against the US dollar has made imports costlier, according to industry people. …

With Bangladesh rapidly improving its infrastructure and connectivity and making regulatory reforms, Japan expects massive foreign investments flowing into the country as it looks to become a regional industrial hub in a few years. “As we get out of the current economic crisis, Japanese companies will look at Bangladesh as …

A new study has unearthed flaws in the beneficiary selection under the “Amar Bari, Amar Khamar (My house, My farm)” project as it found the inclusion of ineligible households in the much-hyped scheme. Non-deserving members, especially the influential or their close ones joined the village development organisations (VDOs) and received …