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Commitments and disbursements of foreign assistance for development projects in Bangladesh fell in the July-January period of the current fiscal year, which may deepen the pressure on foreign exchange reserves. The commitments declined by around 62 per cent year-on-year in the first seven months of the current fiscal year from …

Farmers of the Burichang upazila of the district have produced huge vegetable seedlings between the Bengali months of Bhadra and Agrahayan and earned foreign currency by exporting abroad. Sameshpur village is in the middle of the area where one side is the Gomati River and other side is the Rani …

The government today launched the Central Complain Management System (CCMS) platform to check digital cheating in e-commerce. Commerce Minister Tipu Munshi formally inaugurated the CCMS platform as the chief guest at a function held at the Ministry of Commerce conference room at Bangladesh Secretariat here today. State Minister for ICT …

Bangladesh Bank Deputy Governor Ahmed Jamal today said that the Bangladesh Bank is always committed to provide policy support to the exporters and importers. “Given the ongoing situation due to Covid-19 pandemic, Bangladesh Bank extended policy supports to international trade by the ways of (a) extending repatriation of export proceeds, …

Jakarta is keen on signing a preferential trade agreement (PTA) with Dhaka by April this year. Sources said that the Indonesian Embassy in Dhaka has informed the Foreign Ministry regarding the issue. Indonesia has finalized its end on formulating a revised offer list for the negotiation of BI-PTA and it …

Cooking oil has witnessed a further hike in its prices in the past several days as prices of palm and loose soybean oil increased again by Tk4-7 on the litre. Market insiders said it was highly unnatural, given how global prices of the two cooking oil varieties had gone down …

The United Kingdom and Bangladesh agreed to enhance the bilateral trade partnership to increase mutual prosperity ahead of and after Bangladesh’s graduation from the least developed country (LDC) status. The UK recognised Bangladesh’s economic growth and resilience against the widespread impacts of the global pandemic and the ongoing global economic …

Businesses in Bangladesh have to wait more than six months to get necessary approvals for starting their ventures in the country while investors in Vietnam get the approvals within only 35 days, Bangladesh Investment Development Authority executive chairman Lokman Hossain Miah said on Sunday. Mentioning the situation as one of …

The non-performing loans in Bangladesh’s financial sector increased by Tk 17,383 crore in 2022, allegedly due to the indifference of the government and Bangladesh Bank. The defaulted loans soared to Tk 1, 20,656 crore at the end of December 2022 from Tk 1, 03,273 crore in the same period of …

The National Board of Revenue plans to bring more export-oriented sectors under the bonded warehouse privilege so that entrepreneurs can import raw materials duty-free, said its chief yesterday. “Upon completion of the present bond automation project, it will be feasible to expand it. If the facility is extended before the …