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The benchmark index of the Dhaka Stock Exchange (DSE) continued to rise in the first hours of trading today. The DSEX surged 38 points, or 0.58 per cent, to 7,094 until 1 pm. In the previous four trading days, the index remained bullish. At the DSE, 192 stocks advanced, 130 …
Read More »Focus on light engineering, plastic for faster export growth
Bangladesh needs to shift its product concentration to sectors like plastics and light engineering so that it can gradually move upwards in its industrialisation pathway, Senior Commerce Secretary Tapan Kanti Ghosh said yesterday. As Bangladesh will upgrade from being the 43rd largest economy to 25-26th by 2030, greater foreign direct …
Read More »Garment, accessory makers form joint panel to boost apparel export
The manufacturers of garment and its accessories today formed a joint committee to expedite export of apparel items. The committee was formed by the leaders of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) and Bangladesh Garments Accessories and Packaging Manufacturers and Exporters Association …
Read More »Six inland container depots taking up 60% of cargo volume
An intense competition is ongoing among private inland container depots (ICDs) to see who can handle the most import and export cargoes, which is helping ease congestion at Chittagong Port by facilitating the quick clearance of shipments. At present, there are 19 private ICDs located in and around Chittagong city. …
Read More »Exporters enjoying US sales bonanza
Spending behind apparel and footwear in the US exceeded pre-pandemic levels in every month of 2021, says a new study by online personal styling service Stitch Fix. And this translates as good fortunes for Bangladeshi exporters. The US apparel and footwear spending is expected to grow 30 per cent year-over-year, …
Read More »Lending thru agent banking reaches Tk 588cr in Nov
Lending of the banks through agent banking reached a record high in November 2021 amid a number of banks’ move to explore the scope for low-cost lending in the remote areas. The latest Bangladesh Bank data showed that the banks’ lending through the agent banking channel reached Tk 587.9 crore …
Read More »Central bank reduces single borrower exposure limit to 25pc
The Bangladesh Bank has reduced the limit of loan provided by any bank to a single person or organisation to 25 percent of its total regulatory capital from the previous 35 percent as part of its measures to contain the concentration of loans among a small group of people. From …
Read More »NSC sales halve in July-Nov
The net sales of national savings certificates plunged by 47.36 per cent year-on-year in the July-November period of the current fiscal year 2021-2022. The government’s budgetary and taxation measures have turned out to be the discouraging factors for the people to buy the high-interest bearing savings tools. The year-on-year net …
Read More »US-Bangladesh economic ties strong despite pandemic
The economic ties between Bangladesh and the US are stronger than ever now even despite the severe fallout of Covid-19, according to a top official of the US embassy in Dhaka. Both countries carried out some extraordinary business deals even when the coronavirus outbreak was at its peak as well …
Read More »Grading restaurants based on standards see little progress in 3 years
Plans to bring the country’s restaurants and bakeries under a grading system according to their standards have seen little progress in three years. In early 2019, Bangladesh Food Safety Authority (BFSA) initiated the move by displaying stickers of the standards initially at 56 establishments in Dhaka as a review for …
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