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Current News

Forex reserve dips to $37.06bn

Bangladesh’s foreign exchange reserves have declined to $37.06 billion after the Bangladesh Bank cleared import bills to the Asian Clearing Union (ACU), an arrangement to settle payments for intra-regional transactions among member countries including Bangladesh. The Bangladesh Bank paid $1.73 billion on Wednesday to clear payments for its imports from …

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Textile millers want changes in cotton rulebook

Bangladeshi textile millers put forward seven points at a meeting with the International Cotton Association on Thursday, seeking changes in the cotton rulebook for ensuring equal treatment for both the cotton buyer and seller. The points included mandating written confirmation for a cotton contract, mediation before arbitration, mandating oral hearing …

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Manpower export sees robust growth in eight months

The country’s overseas employments in the eight months of the current year witnessed a robust growth following demands of manpower from different job-destination countries. Bangladesh sent 783925 workers abroad in the January-August period of 2022, as against 275791 in the matching period of 2021, reflecting more than 184 per cent …

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India wants to invest in energy, transport: Munshi

Indian businesses want to invest in energy, transport and agro-processing sectors in Bangladesh, Commerce Minister Tipu Munshi said yesterday. Besides, Adani Group has proposed to invest Tk 4,500 crore in Bangladesh, he said. The minister spoke from his residence in Rangpur while sharing the outcome of Prime Minister Sheikh Hasina’s …

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BAPEX resumes drilling in Biyanibazar gas field

State-run Bangladesh Petroleum Exploration and Production Company Ltd (BAPEX) started drilling a workover well in Biyanibazar gas field on Saturday to reinitiate gas production from the well after five years. “We have initiated drilling of Biyanibazar-1 well today (Saturday) in search of a new gas zone some 3,200 metres beneath …

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