Home / Business

Business

Export target for current fiscal set at $72b

The Ministry of Commerce has set an export target of $72 billion for the current fiscal year (FY24) with a growth of 11.52 percent. Out of this export target, the target for goods export in the current fiscal year has been set at $62 billion eyeing for an 11.59 percent growth while that of the target for services export at ...

Read More »

RMG exports to EU grew 9.93% in FY 2022-23: Export Promotion Bureau

Exports to some major markets such as Germany and Poland have declined significantly, it says RMG exports from Bangladesh to the European Union (EU) saw 9.93 percent growth during the fiscal year 2022-23 — from $21.40 billion in FY 2021-22 to $23.52 billion in FY 2022-23, according to the Export Promotion Bureau (EPB). However, exports to some major markets in ...

Read More »

Price of per litre soybean oil reduced by Tk 10

The price of per liter bottled soybean oil has been reduced by Taka 10 due to the downtrend in edible oil price in the international market. The price of per litre soybean oil will be Tk 179 and the fresh price will come into effect from tomorrow, said a press release of the Bangladesh Vegetable Oil Refiners & Vanaspati Manufacturers ...

Read More »

Asian markets rise as China pledges fresh property support

Asian markets rose Tuesday, with Hong Kong and Shanghai lifted by China moves to support its struggling property sector and authorities’ pledged further help for the economy. The gains extended gains in New York and Europe as traders look ahead to the release of key US inflation data this week, which could provide a fresh indication of the Federal Reserve’s ...

Read More »

Thai Airways to operate double daily flights on Dhaka-Bangkok route from July 16

Thai Airways will be operating double daily flights on Dhaka-Bangkok route from July 16. Thai Airways Managing Director Ahmed Yusuf Walid disclosed this at a function at Lakeshore Hotel in Gulshan on Monday morning. The event was organized by Air Galaxy. With the introduction of the new double daily flights, passengers can now enjoy nighttime flights to reach Bangkok from ...

Read More »

2,357 tons onions imported through Hili land port in a day

About 2,357 tons of onions were imported through Hili land port in Dinajpur district in a day. Onion is being sold wholesale at Tk 27 to Tk 28 per kg. According to Hili land port sources, the amount of onion import has increased slightly. On Sunday from morning to afternoon, 78 Indian trucks imported 2,357 tons of onion through the ...

Read More »

Trade with India in Rupees to start on July 11

Bangladesh’s trade with India in Rupees will start on July 11 alongside the usual transaction method in US dollars as both the countries have completed necessary preparations in this regard. But, under the fresh arrangement, such amount of Indian currency can be utilized to meet the import cost which will be equal to the export income in Rupees, reports BSS. ...

Read More »

BB working to tame inflation, alleviate dollar crisis

Bangladesh Bank (BB) is moving forward cautiously with optimism to reduce the stress on the economy, which was created by the US dollar crisis and higher inflation. The central bank underscored such observations in a quarterly report on the economy. It said the economy remained under stress from external effects, including rising commodity prices and supply disruptions due to the ...

Read More »

IMF shows interest to assist in developing govt bonds

The International Monetary Fund (IMF) team on Thursday expressed their interest to work on developing government bonds in the secondary market. They expressed the interest while meeting with officials of the Bangladesh Bank (BB) at its headquarters in the city. BB Governor Abdur Rouf Talukder presided over the meeting. After the meeting, BB spokesperson Mezbaul Haque said the IMF and ...

Read More »

German industrial orders climb in May

German industrial orders rose significantly in May, official data showed Tuesday, despite concerns that Europe’s largest economy was set for a period of subdued growth. New orders, closely watched as a foretaste of future industrial activity, rose by 6.4 percent in May, federal statistics agency Destatis said. The indicator climbed for the second month in a row, after Destatis revised ...

Read More »