imports

MCCI projects higher imports, remittances and slowing inflation

Three major indicators of the economy -- imports, remittances and foreign exchange reserves -- are likely to increase in the first quarter of the current fiscal year, a positive development for the external accounts, according to the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI).

LC opening for most commodities, machinery dips

Importers opened a lower volume of letters of credits (LCs) in July-April for the purchase of essential commodities such as rice, wheat, sugar, crude edible oil as well as raw materials and machinery key to the industrial sector, figures from the central bank showed.

Private sector’s foreign debt down by over $1b

The private sector’s foreign debt decreased by 4.3 per cent, or more than $1 billion, in the second quarter of the current fiscal year following Bangladesh Bank’s strict measures to control imports.

‘Unpredictability has become the new normal’

Unpredictability has become the new normal in a world afflicted by the forces of deglobalisation amidst rising geopolitical tensions.

Trade deficit shoots up 53pc in Jul-Apr

Bangladesh’s trade deficit shot up 53 per cent year-on-year to $27.5 billion in the July-April period of the current fiscal year as the surge in imports continued against lower export receipts, exceeding last year’s total shortfall.

August 28, 2024
August 28, 2024

MCCI projects higher imports, remittances and slowing inflation

Three major indicators of the economy -- imports, remittances and foreign exchange reserves -- are likely to increase in the first quarter of the current fiscal year, a positive development for the external accounts, according to the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI).

May 18, 2023
May 18, 2023

LC opening for most commodities, machinery dips

Importers opened a lower volume of letters of credits (LCs) in July-April for the purchase of essential commodities such as rice, wheat, sugar, crude edible oil as well as raw materials and machinery key to the industrial sector, figures from the central bank showed.

February 13, 2023
February 13, 2023

Private sector’s foreign debt down by over $1b

The private sector’s foreign debt decreased by 4.3 per cent, or more than $1 billion, in the second quarter of the current fiscal year following Bangladesh Bank’s strict measures to control imports.

January 5, 2023
January 5, 2023

‘Unpredictability has become the new normal’

Unpredictability has become the new normal in a world afflicted by the forces of deglobalisation amidst rising geopolitical tensions.

June 3, 2022
June 3, 2022

Trade deficit shoots up 53pc in Jul-Apr

Bangladesh’s trade deficit shot up 53 per cent year-on-year to $27.5 billion in the July-April period of the current fiscal year as the surge in imports continued against lower export receipts, exceeding last year’s total shortfall.