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A committee yesterday suggested the government come up with alternatives to cash incentives on export receipts since Bangladesh will not be allowed to support its exporters in the current form after its graduation to a developing country. The observation was made at a national workshop of the LDC graduation sub-committee …

US energy giant Chevron Bangladesh has received approval for expansion of the Bibiyana gas-field with an additional 60 Square Kilometers “flank” area, aimed at producing low-cost gas from local fields to meet a severe energy crisis in the country, a top official said. The approval came up from the Energy …

Expatriate Bangladeshis sent $2.04 billion remittances in August, which was 12.6% higher than the corresponding month of the previous year. Wage earners had sent $1.81 billion remittance to the country in the same month last year. The country received $2.10 billion from the migrants overseas in July, which was the …

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has sought cooperation from Japan International Cooperation Agency (JICA) in establishing lab facilities at land, sea and airports of the country. FBCCI Senior Vice President Mostofa Azad Chowdhury Babu on Thursday made this call during a meeting with the representatives of …

National Board of Revenue is going to launch a set of modules of the Bangladesh National Single Window project by December to facilitate international trade for local traders, said NBR officials. NBR member for customs audit, modernisation and international trade Abdul Mannan Shikder said that they will introduce modules of …

Merchandise exports posted a whopping 38.09 per cent year-on-year growth in August to bring home $4.67 billion, handing more breathing room to Bangladesh struggling to bring its macroeconomy under control, official figures showed yesterday. This was the sharpest pace of growth in the last five years, according to the provisional …

The prices of edible oil went up while the prices of other essential commodities remained high in the capital Dhaka over the week ending Friday although the government decided to set the prices of nine commodities including rice, atta and sugar to control profit mongers who were taking advantage of …

Necessary steps should be taken to ensure food safety and address challenges in the country’s poultry sector, which is a major source of nutrition for the general people, according to experts at a roundtable on Tuesday. They called for access to bank loans as well as incentives in times of …

Bangladesh’s foreign exchange reserve has started to decline once again as it stood at $39.05 billion yesterday in contrast to $39.21 billion the day before. The reserves stood at $39.59 billion at the end of July compared to $41.82 billion in June this year. The latest drop in the reserves …

Bangladesh Bank has said that no one can keep foreign currency notes over $10,000 for more than one month. The central bank issued a notification on Wednesday and sent it to all respected banks for displaying the notification to raise awareness. According to it, a resident Bangladeshi can’t keep a …