Sun, 24 Nov 2024, 08:56 am
Economy

Dollar being wasted in import of non-essential products

A huge amount of foreign currency is being wasted in importing many non-essential products which are being produced in the country. According to a data of Bangladesh Bank, 45 percent

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RMG exports to unconventional markets on rise

Apparel exports to unconventional markets have been on the rise thanks to government incentives and exporters focusing more on the non-traditional markets. Exports of ready-made garments to such destinations grew

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Bangladesh won’t experience economic debacle following cautious monetary policy: Governor

Bangladesh Bank Governor Abdur Rouf Talukder said the country will be protected from any economic hardship following new monetary. He made the observation while unveiling a monetary policy at BB

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Multiple dollar rates affect businesses

Multiple dollar rates have created an unstable situation for businesses that rely on imports for capital machinery and other materials. Sources said the retail rate of the greenback was Tk

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Bangladesh significantly prone to recessionary risks; appropriate steps required: ICCB

Although Bangladesh may not go into recession, the country is significantly prone to many of the recessionary risks if appropriate steps are not taken to diversify the export product and

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Bangladesh receives record $1.96bn remittance from the USA

The income from abroad is contributing a lot to economy of the country. The importance of remittance has increased further at a time when the country is facing dollar crisis.

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WB loan for weather project cut by Tk 2.48bn

A World Bank loan to improve weather forecasting and information has been cut by Tk 2.48 billion after some key components were proposed to be dropped. Bangladesh Meteorological Department (BMD),

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20 industrial units to get ‘President’s Industrial Development Award’ Thursday

Twenty industrial units under six categories will receive ‘President’s Industrial Development Award-2020’ tomorrow for their outstanding contribution to the national economy. On the occasion of the award giving ceremony, President

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New loan scams, dollar crunch hit banks in Bangladesh

The country’s banking sector passed the year 2022 amid various crises and controversies as the Bangladesh Bank’s apathy about the continued irregularities, the loss of confidence among depositors and the

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Bangladesh Bank creates TK 10,000cr export facilitation fund

The Bangladesh Bank has created an export facilitation fund of Taka 10,000 crore to support export-oriented firms. Under the fund, an exporter will be allowed to take a loan of

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