Economy
Fighting Climate Change: Bangladesh to get $400m loan from ADB
Asian Development Bank has approved a $400 million loan to Bangladesh for fighting climate change-related challenges.
India extends export curbs on onions until Mar 31
India has extended the ban on the exports of onion till March next year with a view to increasing availability in domestic markets and to keep prices in check, according to a notification issued by the Directorate General of Foreign Trade yesterday.
RMG shipment to the USA fell 24.75% in Jan-Oct
garment export to the US fell 24.75 percent year-on-year to $6.35 billion in January-October this year
Low revenue forces govt to scale back spending
government plans to cut the size of the budget for the ongoing fiscal year and keep it slimmer in the next fiscal year
Leather, leather footwear sales in slow lane at home, abroad
leather and leather goods sector in Bangladesh is witnessing slow sales both at home and abroad amid ongoing global economic crises
Bangladesh overdue liabilities of several billion dollars
The pressure on the foreign exchange reserves is building up as Bangladesh has unpaid liabilities
Buyer to drop sanction clause from LC: BGMEA
ZXY International has decided to remove the clause in its LC stating it would not accept any garments from Bangladesh if faces sanction
Cotton imports to fall, could send yarn output lower
Bangladesh may import a lower volume of cotton in 2023-24 owing to a fall in orders from garments buyers, difficulties in opening LCs
Reserves remain under pressure
Pressure on the foreign exchange reserves remains high as the deficit in the financial account continues to widen despite the narrowing trade gap and a current account surplus.
Gold prices fall by Tk 1,749 per bhori
each bhori (11.664 grams) of 22-carat gold will cost Tk 108,125, down from Tk 109,874 earlier
CPA, RSGT sign agreement on Patenga Container Terminal operation
The Chittagong Port Authority (CPA) today inked a concession agreement with the Saudi Arabia's company Red Sea Gateway Terminal (RSGT) to operate the newly built Patenga Container Terminal (PCT) on PPP-G2G basis for next 22 years.
No payments if Bangladesh faces sanction, says a US retailer to its supplier
No LC transactions to be processed if under sanctions from US and others, says a US retailer
World Bank's Banga calls for record replenishment of fund for poorest countries
World Bank President Ajay Banga on Wednesday called on member countries to make the next replenishment of the lender's fund for the world's poorest countries the largest ever, warning that the International Development Association (IDA) was being pushed to its limits by increasing demands..<p
Dialogue with diplomats on labour rights postponed
The commerce ministry yesterday informed of having postponed its upcoming meeting on the latest labour rights reforms with five diplomats “for the Christmas holiday”.
Govt likely to retreat from its quest for higher growth
government is likely to lower its economic growth target by one percentage point for the fiscal year ending in June
Costly USD, higher inflation hurting dairy industry
Says Simon Stevens, executive vice-president (international) of Arla Foods
Bangladesh’s leather exports to benefit from CETP upgrade
two tanneries of Apex and Bay Leather to set up their own effluent treatment plants and other companies are waiting for permission
