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.

1h ago

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. 

12h ago

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

18h ago

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

18h ago

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

19h ago

Bangladesh overdue liabilities of several billion dollars

The pressure on the foreign exchange reserves is building up as Bangladesh has unpaid liabilities

1d ago

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

1d ago

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

2d ago

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.

2d ago

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

2d ago

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.

2d ago

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

2d ago

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

2d ago

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”.

2d ago

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

2d ago

Costly USD, higher inflation hurting dairy industry

Says Simon Stevens, executive vice-president (international) of Arla Foods

2d ago

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

2d ago
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