Bangladesh’s exports hit $50 billion in 2024, buoyed by a sharp December spike, providing the much-anticipated breather for an economy facing multiple headwinds, including external account pressures.
Bangladeshi patients searching for better healthcare than that available at home are increasingly travelling to Thailand instead of India as the neighbouring country is limiting visa issuances for Bangladeshi nationals.
The Bangladesh Bank (BB) yesterday asked banks to keep a maximum of Tk 1 as a spread between the buying and selling rates of the US dollar.
The Bangladesh Bank (BB) has lowered the cash margin for opening letters of credit (LCs) to import cars as the country’s foreign exchange inflow and dollar stocks show improvement.
The Asian Development Bank (ADB) has outlined 20 conditions for Bangladesh to access $600 million in the second tranche of a loan for the implementation of its “Strengthening Economic Management and Governance Program”.
December has brought some good news! Remittance hit a record high, taking the total for the 2024 calendar year to $26.87 billion. Exports surged too, pushing the final annual figure to $50 billion.
Seat bookings for passenger ships that ply the inland waterways of Bangladesh, including the Barishal to Dhaka route, has decreased by at least 66 percent.
Asia’s factory powerhouses ended 2024 on a soft note as expectations for the New Year soured amid growing trade risks from a second Donald Trump presidency and China’s fragile economic recovery.
Jute millers are struggling as exports show no sign of recovery and demand in the domestic market remains lukewarm amid slack implementation of the mandatory jute packaging act.
State-run Janata Bank has been partly exempted from the Bank Companies Act-1991 so that it can lend money to Beximco Group, a loan defaulter.
With the economic development of Bangladesh, the number of corporate bodies, especially led by the private sector, has increased significantly over the years.
Flower farmers expect a bonanza in December as the peak season for flowers has begun, which will continue until April next year.
Stock investors saw further declines in major indices as many listed companies presented lacklustre earnings disclosures for the first quarter of the current fiscal year of 2024-25.
The central bank governor projects cooling the red-hot inflation, which has hovered above 9 percent since March last year, to 7 percent by June next year.
Despite the fact that the population has been reeling from heightened inflationary pressures over the past two years, public food distribution under various social protection schemes fell by about 6 percent year-on-year in the first half of the current fiscal year.
The benchmark index of the Dhaka Stock Exchange dropped 91 points in a week
The Bangladesh Trade and Tariff Commission (BTTC) has recommended that the government impose a 25 percent regulatory duty on the export of crude and refined rice bran oil to discourage shipments and increase domestic supply..The suggestion comes in response to soaring cooking oil prices in
Twenty-nine garment factories in the Ashulia industrial area were declared closed following continued demonstrations by workers demanding a 15-percent increase in annual increments.
