Business

Economists have expressed concern just after Bangladesh’s foreign exchange reserves slipped below $40 billion, even though that should be capable of meeting six months import payments, based on imports for the immediate past fiscal. Such concern was not seen 12 years ago, when Bangladesh’s forex reserves were only $10.60 billion in the FY2010 (2009-10 fiscal). That is roughly the same ...

Annual Development Programme (ADP) implementation rebounded to nearly pre-covid level in the just-concluded 2021-22 fiscal year after a two-year slowdown by the pandemic. ADP executing ministries and divisions could spend Tk 2,037.65 billion to post an overall 92.79 percent implementation performance last fiscal, according to a draft report of IMED. ADP performance tumbled to 80.39 percent in FY20 when Bangladesh ...

Wheat prices tumbled Friday, retreating to levels last seen prior to the Russian invasion of Ukraine following a landmark agreement to unblock Ukraine’s Black Sea grain exports. In Chicago, the price of wheat for delivery in September dropped 5.9 percent to $7.59 per bushel, which is equivalent to about 27 kilograms and the lowest close since Russia invaded its neighbor ...

Japan’s core consumer prices for items excluding fresh products rose 2.2 percent in June from a year earlier, driven by energy costs, government data showed Friday. Excluding energy, the increase was just one percent compared to a year earlier, according to data released by the interior affairs ministry. The June inflation figures were in line with expectations and mark the ...

Price of bottled soyabean oil has decreased by Tk 14 per litre to Tk 185 with effect from Thursday. Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association (BVOVMA) has taken this decision. The association sent a letter to Senior Secretary Ministry of Commerce in this regard. Due to decrease in edible oil in the international market, a decision has been ...

The government has set the export target for the current fiscal year at $67 billion, up 11 percent than that a year ago. Commerce Minister Tipu Munshi made the announcement at a press briefing at his ministry in the capital on Wednesday. Of this, $58 billion is expected to come from merchandise export and the remaining $9 billion from services. ...

Price of edible oil has reduced by Taka 53 per liter in Chaktai-Khatunganj wholesale market here in line with the reduction of price in the international market. “The price of palm oil has reduced by Taka 2,000 and soybean oil by over Taka 1,000 for every 37.32 liters in Chaktai-Khatunganj wholesale within 15 to 20 days,” Alamgir Parvez, a leading ...

US aerospace firm Boeing hopes the Farnborough airshow this week will mark an end to several turbulent years following 737 MAX crashes and 787 manufacturing problems. Boeing plans to show off several planes including the MAX 10, the latest version of its flagship model in the key medium-haul segment, and hopes to announce a slew of new orders. The MAX ...

Bangladesh Jewellers Association (BAJUS) has lowered gold price by maximum Tk 1,166 per bhori (11.664 grams). The price of good quality gold jewellery now stands at Tk 77,216 per bhori in the local market which was Tk 78,382 so far. Following fall in gold prices in the international market, the BAJUS issued a press release on Sunday announcing the new ...

The production of hilsa in Patharghata has doubled in Fiscal Year 2021-22. Not only hilsa production but also production of other sea fishes have increased. As a result, government revenue reached Tk 92,92,329 for the FY 2021-22. This information was revealed by Patharghata Fish Landing Centre. Mir Rashedul Islam, manager of Patharghata Fish Landing Centre, said a total of 1,152.56 metric ...