Archive / Economy - 2020
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Current account returns to surplus on JulyThe country's current balance registered a surplus of around US$2.0 billion in July previous against a deterioration of over $100 million a year earlier.This is...Two plenty of Bangladesh origin drugs recalled in USTwo plenty of a diabetes controlling medicine of Bangladesh origin had been recalled in america previous month for containing a compound that has the probable...How Bangladesh successfully curbed dengue this seasonGovernment efforts combined with public awareness found in the urban areas has got helped curb dengue infection level this season, experts sayBangladesh witnessed an archive...Prime Bank joins SME Finance Forum to market MSMEsPrime Bank Limited has joined the SME Finance Forum to promote and expand financing to MSME businesses in Bangladesh, a press statement said.Managed by IFC...Bangladesh, Hungary to go over trade, investment issues ThursdayBangladesh and Hungary will discuss methods to strengthen trade and investment ties between two countries at bilateral talks to be held here on Thursday afternoon.Foreign...Help industries access financial support, continue health safety momentumIt has been six months since the pandemic hit the country, throwing Bangladesh's economy, life and livelihoods right into a crisis. The Daily Star interviewed...SCB, bKash & Valyou launch Bangladesh’s first blockchain remittance serviceStandard Chartered Bank, together with bKash of Bangladesh and Valyou of Malaysia, today announced the launch of the first blockchain-based cross-border remittance service in Bangladesh,...Momen: Strong global commitment necessary for transition to green economySouth Asian regional centre of Global Centre on Adaptation (GCA) inaugurated in DhakaStrong global commitment and effort are needed to help Bangladesh and other countries,...RMG backward linkage factories in BangladeshIN THE context of the global reach and size of the Bangladeshi ready-made garment industry, the backward linkage factories that support the industry are playing...Merchandise export earnings in August up 4.32%: EPBMerchandise export earnings in August rose 4.32 percent year on year to $2.96 billion, driven by apparel shipments, according to data from Export Promotion Bureau...Banks’ capital base strengthensAs of June this season, banks’ capital adequacy ratio (CAR) stood at 11.63%, up from 11.35% 90 days backCapital base of the country’s banking sector...Onion prices skyrocket in Ctg marketsOnion prices marked a sharp rise in your kitchen markets of the port city within the last two days carrying out a sudden hike in...On Bangladesh GDP in the time of coronavirusThe purpose of this article is to highlight conditions that can effect on Bangladesh GDP because of the controversy surrounding the most recent published data...Brighter days ahead for Indo-Bangla river tradeIf you are actually on the Padma or Meghna rivers for a cruise or are going to the country's southern part, you will by no...Fourth industrial revolution can be an opportunity: expertsThere is nothing to worry and afraid about the fourth professional revolution as this transformation might create occupations rather than turning an enormous number of...Modern slavery risk surges for Bangladesh, India RMG workers with Covid-19About 60 million people work in Asia's garment industry and falling sales have put many jobs at riskThe risk of modern slavery in Asian manufacturing...Walton starts compressor export to IraqBangladesh’s multinational brand Walton has been strengthening its footprint in the Iraqi market by starting the export of its brand compressor, said a news release...PK Halder and the incredible landscape of our economic climatePrashanta Kumar Halder's financial misadventures and subsequent escape from the country with Tk 3500 crore, which made the headlines recently, has brought in to the...Agro industries hold the key to economic recoveryUtilising artificial intelligence and skilled manpower in Bangladesh's agro-based industry will be vital for ensuring a speedy monetary recovery and food security through the post-pandemic...BMCCI for strengthening economical cooperationThe Bangladesh-Malaysia Chamber of Commerce and Industry on Monday underscored the necessity for strengthening monetary cooperation with different countries, including Malaysia, to overcome the challenges...Flood, Covid deal double blow to veg, fruit exportThe ongoing flood and Covid-19 pandemic have caused a double blow to the exports of vegetable, fruits and other perishable items.High freight charges of air...ADB adjusts financing plan to speed up Bangladesh’s monetary recoveryThe Asian Development Bank has redesigned its financing plan in Bangladesh for another three years in the wake of the coronavirus pandemic to greatly help...92 per cent plainland ethnic minorities in Bangladesh see income fallThe coronavirus epidemic has impacted the lives and livelihoods of 92 % or 18.4 lakh plain land ethnic minority people in Bangladesh by reducing their...Beximco to provide COVID-19 vaccine in BangladeshBeximco Pharmaceuticals is to collaborate with the Serum Institute of India to become the exclusive supplier of AstraZeneca’s COVID-19 vaccine in Bangladesh, should the product...Just how do we ensure food security in post-pandemic Bangladesh?Bangladesh is something sector led economy, where 52.8 percent of the GDP originates from the service sector, accompanied by 29.6 percent from industry and 12.6...Garment factories in SME category to get cash incentiveThe government has extended policy support to garment exporting factories falling beneath the small and medium enterprise (SME) category to improve their competitiveness during this...US investors urged to create Covid-19 vaccine plants in BangladeshBangladesh has urged US investors to create Covid-19 vaccine manufacturing plants in Bangladesh to make sure its availability at less expensive for people of the...Bangladesh still in second spot in global apparel tradeOfficially, Bangladesh is still the second-largest garment exporter worldwide in fact it is expected that the united states should be able to retain its second...JICA to implement food value chain dev project in BangladeshThe Japan International Cooperation Agency will implement a food value chain development project at a price of about Tk 882 crore (11.218 billion Japanese yen)...Something fishy relating to this ‘Padma’ hilsa?As downpour intensifies, city gourmets throng the fish markets looking for hilsa from Bangladesh. However when they return home in mirth, assuming that the hilsa...SMEs are in dire need of a lifeline from banksBusinesses are recovering however the small and medium enterprises (SMEs) are being left out.Subsequently, easy and generous financing for them, particularly the micro, small and...There are lots of kings and emperors of swindle up and aboutMoney laundering is still among the core issues plaguing Bangladesh. There were several reports on money laundering in recent times, which confirms that Bangladesh is...New credit guarantee scheme approved by Bangladesh BankIn a bid to support the cottage, micro, and small enterprises (CMSEs) mired in financial difficulty due to Covid-19, Bangladesh Bank approved a credit guarantee...Private sector players promising shuttered BJMC mills a fresh lease on lifeThe federal government is considering giving priority to leasing out state-owned jute mills to the private sector so that production could resume within a short...NOAB urges govt to the stand by position the newspaper industry'Newspaper sales have dropped by two thirds, and income even more'The Newspaper Owners' Association of Bangladesh (NOAB) has urged the government to firmly uphold the...Bangladesh PM pitches for investment in industrialisationBangladesh Prime Minister Sheikh Hasina on Thursday said that you will find a have to create special economical zones to attract domestic and foreign players...64,000 Bangladeshi migrant employees return home because of Covid-19 pandemicBased on the migrant welfare desk at Dhaka's Hazrat Shahjalal AIRPORT TERMINAL, almost all of these migrant employees returned to Bangladesh in the first fourteen...Bangladesh needs free trade agreement with the UKBangladesh needs to sign a free of charge Trade Agreement (FTA) with the united kingdom if it hopes to improve bilateral trade and private sector...67% of SMEs forced to shut businesses because of Covid-1948% of cottage and micro, 30% of small and medium, and 23% of large farms, were vulnerable to a business shutdown, or a partial shutdown...Not a good time for the RMG sectorEnough time we are surviving in is unprecedented. Covid-19 has shattered and disturbed nearly every sector like no other disaster in recent memory. Bangladesh in...A large number of Pakistanis, Bangladeshis leave Oman after losing jobsMuscat: With jobs lost, salaries cut and sometimes not paid, expatriates who had flown to Omani shores are actually heading back. The stories told by...Bangladeshis stuck in Vietnam returningAround 105 Bangladeshi migrants, who faced exploitation in Vietnam, are finally flying home tomorrow in a chartered flight arranged by the Bangladesh government."They will be...Bangladesh’s GDP growth number will not hold waterAlmost this past year, in this column, I wrote about the obsession of our policymakers with the growth of Gross Domestic Product (GDP) ("Our incomprehensible...Skills development in RMG sectorBuilding on the building blocks of low wage rate, our RMG sector has been labeled by foreign buyers as a low cost hub for high...KTO to discuss tourism opportunities with Bangladeshi partners TuesdayThis first-ever webinar by KTO for the Bangladesh trade will highlight the "unbelievably beautiful" parts of Korea that would be suitable for travelers from BangladeshKorea...GDP growth data not credible, says CPDAccording to the provisional data of Bangladesh Bureau of Statistic (BBS), Bangladesh posted 5.24% GDP growth within the last 2019-20 fiscal yearRaising question about the...StanChart executes Bangladesh’s first-ever blockchain LC transactionStandard Chartered has executed the country's first-ever blockchain transaction by issuing a letter of credit for Viyellatex, in a development that can go on to...StanChart conducts country’s 1st blockchain transactionStandard Chartered Bank has successfully executed the country’s first blockchain transaction by issuing a Letter of Credit for readymade garment exporter Viyellatex Ltd over the...Vietnam beats Bangladesh in textile, clothing exportApparel exporters of Bangladesh blamed Covid-19 pandemic for falling behind VietnamVietnam surpassed Bangladesh in exporting textile and clothing products in the first six months of...IOM: 70% Bangladeshi returnee migrants battle to find jobsReturnee migrants have observed challenges including financial problems, accumulating debt, and health-related issuesNearly 70% of surveyed migrants who returned to Bangladesh between February and June...BJMC invites pvt investors to visit closed state-owned jute millsThe Bangladesh Jute Mills Corporation (BJMC) has invited the country’s private sector entrepreneurs to go to the closed state-owned jute mills by August 20 to...Coronavirus paving the way for higher inflation in Bangladesh?The novel coronavirus has drastically afflicted and altered the economic courses of countries all over the world, be it developing or developed. It really is...The storm over Bangladesh economy has blown overBangladesh might be among only two ASEAN and South Asian economies to join up positive growth in 2020 despite a worldwide recession that's shaping up...India’s trade with neighbours has largely been flatCountries trade a lot with their neighbours. Most of the post World War II economical success all over the world has been predicated on this...Ceramic industry breathes easier as sales start picking upBangladesh's ceramic industry have enjoyed some rest from the coronavirus fallout during the past 8 weeks as domestic sales are showing signs of some recovery...How power majeure influences the RMG industryAs the environment unravels the novel coronavirus, it has claimed an incredible number of people’s lives, jobs, and freedom, and has forced economies to come...BD seeks $2.5b as budget support, project the help of WB for FY'21Bangladesh has sought a good fund of US$ 2.5 billion from the World Bank (WB) to finance 15 different tasks and programmes in today's fiscal...The federal government stimulus packages must reach those who require it the mostSince March 25, 2020, the federal government of Bangladesh has unveiled 19 stimulus packages to help the economy get over the negative impacts of the...Ambassadors should donate to expansion of tradeCommerce Minister Tipu Munshi has asked Bangladesh embassies of diverse countries to do the job to take benefit of post-Covid-19 export trade.“Because of this, the...Govt has think of a solution to the hurdle to higher leather exportsThe government allows construction of effluent treatment plants (ETPs) by individual tanneries inside the Savar Tannery Industrial Estate (STIE) in a bid to expedite the...France to supply €150m to bounce back from downturnThe Agence Française de Développement (AFD), the French government arm that deals with overseas aid, has joined the long set of development partners that contain...Walton, an area household name, now wants the world to try its productsIt will take no less than a year from hereon for normalcy to return to businesses which may have been devastated during the past four...The poor in North Bangladesh will be the worst victims of Covid-19 falloutAccording to a global Food Program projection, up to 265 million persons in low and middle income countries will encounter acute foodstuff insecurity by the...China finally greenlights 300ha special monetary zone in BangladeshAfter five years of delays, China has signalled its intention to get started function urgently on a 300ha business park in Bangladesh.The Chinese Economic and...What others can study from Bangladesh on making cancer drugs availableIn conditions of making cancer drugs available, Bangladesh may be the perfect role model for a fairytale turnaround.Just six years back lots of the lifesaving...How exactly to revive our apparel exportsWhatever our civil society or media say, our politicians and our government appear to be focused with regards to helping the apparel sector. The sector,...Covid-19 compelling people to select lower-grade jobs for survivalAnnual income of SME sector is certainly reduced by 67% in 2020 in comparison to 2019 The Covid-19 pandemic, accompanied by the monetary ramification, has affected...A strong bank operating system makes a strong economyFor the last several years, the banking sector in Bangladesh has been performing an important role in our USD 300-plus billion market where banks comprise...Apparel industry must recognize its value"Unless you know your own benefit, somebody will tell you your value, and it'll be significantly less than you're value," explained Bernard Hopkins Jr, one...India: Container train program with Bangladesh to boost trade tiesThe first container train arrived from India via Benapole-Petrapole rail link carrying FMCG cargo and fabrics loaded in 50 containers, and the ones were handed...Jute exports to Pakistan more likely to increasePakistan may be the second largest industry for raw jute export from BangladeshAmid the downward trend in raw jute export to Pakistan, Bangladeshi exporters see...India to handover 10 broad-gauge locos to BangladeshIndia will handover 10 broad-gauge diesel locomotives to Bangladesh on Monday, providing the neighbouring country flexibility solutions for both intra-nation and inter-country movement, the Railways...‘Bangladesh will still be an important production industry for H&M’“Our garment suppliers and their workers are extremely vulnerable amid the difficult Covid-19 pandemic problem. H&M highly values the relationship with its suppliers and it...Defer graduation from LDC golf club to tap trade benefitsBangladesh should defer the LDC graduation method considering the adverse impact of COVID-19 pandemic that has already turned the economy ugly, economists and business leaders...Plan evolved to boost export of processed juteThe federal government has evolved a technique to motivate import of raw jute, mainly from Bangladesh to promote exports of jute-based processed products from the...Old Dhaka’s small businesses demand speedy disbursement of stimulus fundsBusinesses in Out of date Dhaka yesterday demanded speedy disbursement of the government-announced stimulus bundle for cottage, micro, little and moderate enterprises (CMSMEs).These entities, a...Learn from Vietnam to offset export shocksBangladesh should have Vietnam's lead on how to handle challenges in export brought about by the coronavirus fallout while attracting even more foreign direct expenditure...First trial containership from Kolkata arrives on BangladeshThe first trial containership from Kolkata containing cargo for transshipment to North-Eastern states of India docked at the Chattogram port morning hours on Tuesday.Confirming this...BMCCI pushes for salvaging RMG industrySpeakers at a webinar on Saturday said the looming crisis in the RMG industry could have a multiplied chain a reaction to the complete economy,...'Easier SME financing the main element to recovery'Easy access to finance for smaller enterprises is required for employment generation and economic recovery during and after the pandemic, authorities said on Saturday.They also...Bangladesh Bank wants ‘effective’ supervision of stimulus funBangladesh Bank has recommended “effective” supervision of the coronavirus stimulus packages to stop defaulters from borrowing the funds.In its January-March report, the central bank also...Asia to keep dominating garment manufacturing industryCoronavirus pandemic disrupted the functions of several industries on the globe, hitting the style industry the hardest. From unsold inventory to deranged supply chain networks,...Capital raising association seeks policy supportBSEC can help boost startup, capital raising ecosystemThe CAPITAL RAISING and Private Equity Association of Bangladesh (VCPEAB) on Wednesday sought policy support from regulators to...Pandemic leaves plastic goods exporters in a bindShipments of plastic products from Bangladesh fell 16 % year-on-year to $101 million in fiscal year 2019-20 following outbreak of coronavirus across the world.Over 142...Bangladesh-India inland waterways can become vital, cost-effective connectivity: expertsInland waterways development between Bangladesh and India can become a vital and cost effective way of multimodal connectivity that can improve economic wellbeing of people...High court backs negligence claim of Bangladeshi ship-breaker’s widowA widow whose husband fell eight storeys to his death while splitting up a supertanker in Bangladesh can pursue a negligence claim against Maran (UK),...An expansionary monetary policy or nothingAt times of recession, it really is all too tempting to axe jobs or go for pay cuts for self-preservation.If all companies think in this...Ensuing recession and main economic downturnsAlthough fundamentally being regarded as a global health crisis, the Coronavirus Pandemic is meant to lead towards an enormous economic downturn which according to numerous...Pharma corporations count their blessings as exports riseBangladesh's pharmaceutical industry were able to grow it has the exports found in the just-concluded fiscal 12 months on the trunk of a reliable demand...Becoming the next Asian export powerhouseBangladesh's export sectors have been witnessing an unprecedented period as a result of Covid-19 pandemic. The novel coronavirus offers swept through the complete landscape of...Bangladesh starts mango export to SwitzerlandThe Interstoff Group, an export oriented apparel maker owned by Condition Minister for Foreign Affairs, Mohammed Shahriar Alam, is the parent company of North Bengal...There is a lot to salvage from 2020 stillCompanies needs to innovate, manage expenditure meticulously and ensure the safeness of personnel to survive found in the post-pandemic era, said a high executive of...Ensuing recession and important economic downturnsAlthough fundamentally being regarded as a worldwide health crisis, the Coronavirus Pandemic is meant to lead towards an enormous monetary downturn which according to many...API park to improve export of medicinesThe Active Pharmaceutical Ingredients (API) professional park is finally taking condition in Bangladesh more than a decade following the scheme was adopted by the federal...‘Rural economy to be under great pressure with returnees from cities’Rural economy of the united states will probably be under great pressure as a substantial number of people from cities are time for their respective...HSBC gets regulatory green light for first of all receivables finance deal in BangladeshHSBC has carried out the first receivables finance transaction in Bangladesh, following the country’s regulator approved the application of the instrument.In a circular published on...Pakistan’s fake-degree problem, India-Bangladesh trade stalemate and much morePakistan’s aviation market, particularly the country’s flagship Pakistan International Airlines (PIA), will be experiencing turbulence subsequent new reports about dubious licences regarding many in the...Bangladesh’s economy managing pandemic challenges wellAs global expansion recovers in the approaching quarters, Bangladesh stands to reap the benefits of its strong economic fundamentals and will likely continue steadily to...Bangladesh features some readymade lessons for IndiaReadymade garment exports of Bangladesh fell 18.1% to $27.95 billion in FY20 as a result of the negative result of covid-19. But, it remains to...How might the global monetary downturn have an impact on the Bangladesh economy?The Covid-19 pandemic has caused unprecedented monetary loss, that was more extreme in the first half of 2020 than was earlier anticipated. The International Monetary...Shift focus to Asia to improve exportsIn addition to the traditional markets like Europe and the united states, Bangladesh should focus more on the Asian markets to revive export earnings before...Impacts of COVID-19 on the style industryThere is absolutely no doubt that the COVID-19 pandemic has largely damaged the style industry from the persons it employs to the waste it has...Leather goods, footwear producers downhearted by decline in salesThe once cheery demeanour of natural leather goods and footwear exporters has converted into one of depressive disorder as shipments declined 22 % in the...Asian coal demand fills the gap kept by Japan and EuropeCoal’s demise just as a substantial backbone to the global dried bulk trades isn't coming anytime soon, new study from Arrow Shipbroking obviously shows. Information carried...Banks found in Bangladesh maintain lowest capital than other South Asian nationsThe capital adequacy ratio (CAR) of the banking industry stood at 11.6% by the end of December 2019, that was 10.5% year agoBanking sector in...Diamond World becomes 1st Bangladeshi company to import gold barsDiamond Environment has made history as the leading jewellery property has become the primary company from Bangladesh to import precious metal bars through a legal...Bangladesh plans to revive jute sector in PPP. But stakeholders happen to be waryThe government's plans to revitalise the flagging jute sector through public-private partnerships have been met with scepticism from stakeholders in the market.It came after the...Bangladesh-India border trade resumes after impasseCross-border trade between Bangladesh and India resumed Sunday night time when truckloads of Bangladeshi things streamed into India, said officials.“Some Bangladeshi trucks have previously entered...South Korea to provide $50m to Bangladesh to deal with Covid-19 falloutSouth Korea provides Bangladesh $50 million found in a flexible loan due to budget support to fight the economic fallout of the Covid-19 pandemic.A highly...OP-ED: Challenges in the haor regionsHow monetary inequality acts as a barrier against environment change adaptationBangladesh experiences severe contact with certain risks as a result of its geo-morphological, demographic, and...World Bank’s purse strings generally open for BangladeshThe World Lender has been an ever-reassuring occurrence in Bangladesh's growth narrative, and the multilateral lender will continue steadily to play that role, said its...As the Sino-Indian rivalry gets hotter, watch Bangladesh carefullyThe ongoing tensions and stalemate between India and China in Ladakh along the Type of Actual Control (LAC) has taken not merely the Sino-Indian rivalry...Corona-induced fault-lines on Bangladesh economyThe Covid-19 pandemic has wielded a devastating effect on the country's socio-economy in the past quarter, weakening and exacerbating numerous fault-lines and vulnerabilities that existed...Supply chain to greatly help revive battered economyThe novel coronavirus originated in China, the global supply chain hub, in later December and has since rapidly spread to all or any corners of...RMG exports dip by $6.3b in FY20 on pandemicThe country’s readymade garment exports in the simply concluded financial year 2019-20 declined by 18.45 %, or $6.3 billion, to $27.83 billion from $34.13 billion...Trade ties with China to get into new stage, says Chinese ambssadorBangladesh can gain hugely from the vast Chinese market due to China's imports might exceed US$30 trillion in next 15 years.With annual GDP growth of...IFC to provide another $20m to Omera PetroleumIFC’s bank loan to Omera is part of its $8bn global fast-track financing package, announced in March to support organization activity and preserve careers when...Deemed exports: Import substitution par excellenceIn the 1950s and 1960s a new paradigm of industrialisation and development had taken developing countries by storm - import substituting industrialisation (ISI). But that...Bangladesh programs redesigned incentive package for post-pandemic FDI flowBangladesh plans to redesign its incentive offer to draw foreign immediate investments (FDI) to negate the impact of Covid-19 pandemic in the countrywide economy, keeping...Fresh tax composition for telecom sector imperative to materialize Digital Bangladesh'To include everyone found in the united states under digital connection, we must ensure inexpensive smartphones for everybody and a totally fresh go through the...Exports: riding the waves of uncertaintyIn the wake of Covid-19 spreading in Europe and the united states, global trade descended right into a free-fall.Bangladesh's export found in March 2020-the first...Mapped: How China possesses brought up its clout in India’s neighbourhoodIn the last decade, China has strengthened its economic and army ties with India’s neighbours in South Asia, that could pose a challenge for IndiaAs...Covid-19: Bangladesh budget deficit for FY21 and external balanceBangladesh offers been going through an interval of continuous spending budget deficits for a considerable time period. Available data indicate the finances deficit is usually...SME sector hit hard amid corona crisisEntrepreneurs in small, medium and cottage sector have already been hit hard by the disruption caused by the coronavirus pandemic, producing a steep fall in...Garments industry needs development, not revolutionWe have to do better. We need a complete "sector reset". We "cannot get back to the way things had been before". I hear most...India lags China found in South Asian trade in spite of Free Trade AgreementsIn the last 2 decades, China has generated itself as a significant trade spouse of the South Asian nations. Beyond Pakistan, China has produced inroads...PPE exports open new avenue for BangladeshExports in July-Might stand in $11.58 million, 33 producers engaged in the brand new product line The export of personal protective equipment (PPE) has opened...Support SMEs for swift economic recoveryThe SME Basis yesterday called for the extension of credit facilities to small and medium entrepreneurs on easy conditions to help them donate to economical...Aviation industry is in coma. Simply the govt can help it wake up.Known Unidentified. A term that the airline sector is all too acquainted with. It means abrupt devastating happenings that periodically struck the industry. But the...The IMF’s new monetary forecasts for BangladeshHaving recently forecast development at 9.5% for 2021, the IMF cuts this to 5.7% as a result of the “significant effect” of the pandemic. It...Facing Covid-19 issues with agriculturePlagues and epidemics have ravaged humanity throughout it is existence, often changing the course of history and, sometimes, signaling the end of entire civilizations. During...Tilting some way is not an option for BangladeshMaintaining each of our friendships with equally India and China now is no cakewalkCovid-19, the biggest pandemic hitting the globe in the last century, features...Accept deferred repayments to benefit equally nations: FBCCI to IndiaThe Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), the country's apex trade body, on Mon demanded that India accept deferred payments of up...Will the spending plan help to recover the tourism sector?THE national budget of Tk 5,680 billion for the 2020-21 personal year offers been proposed by the finance minister with respect to the Bangladesh government....The Inhumanity of Bangladeshi Garment FactoriesAt the break of dawn, 10-year-old Arifa Aktar prepares for an extended and intensive day of labor. She no more can afford to wait school,...Reserve hits record $35b, dollar price drops due to import sagsThe country’s forex reserve reached an all-time most of $35.09 billion on Wednesday amid falling import obligations and moderate inflow of remittance.The reserve struck the...UN high-ups for postponing LDC graduation of BangladeshBangladesh needs to reconsider the time it all planned to take to graduate from a least developed nation (LDC) to a growing one particular as...Will update SME data source soon: Industries MinisterThe SME database will be updated in the near future to ensure the benefits associated with the incentive package, Industries Minister Nurul Majid Mahmud Humayun...Bangladesh Lender irked by slow financing to pandemic-hit smaller businessesSlow mortgage loan distribution from the government’s Tk 200 billion package to greatly help offset losses on the CMSME sector reach by the coronavirus pandemic...China’s response to India crackdown: Dragon eye Bangladesh, Nepal with better trade dealsEven so, Indian exporters feel it'll be tough for Bangladesh to crank up supplies to China and improve trade balance, given Beijing’s typical make use...Bangladesh cement producers demand tax withdrawalBangladesh’s cement makers have urged the federal government to withdraw the advance tax (AIT) and great customs duty levied in clinker imports so as to...Covid-19, Bangladesh budget 20-21 and open public debtThe Bangladesh government announced its twelve-monthly budget on June 11 amid the Covid-19 pandemic crisis with still soaring virus infections and the infection curve showing...Withdraw SD in ceramic sanitary ware: manufacturersCeramics makers have demanded withdrawal of the proposed supplementary duty (SD) on sanitary ceramic items to help protect the local industry amid the Covid-19 outbreak.The...Manufacturing prospects for BangladeshAlmost every country was struggling to make sure way to obtain essential products, specifically cleaning resources at the start of corona outbreak. Persons hardly found...Limited export markets to affect 2020 Bangladesh receipts: WTOBangladesh’s export revenue will be severely affected in 2020 as the united states depended on limited destinations and those counties have been badly damaged by...97% Bangladeshi goods get duty free access in ChinaAs many as 97% Bangladeshi goods, in a goods list basket, will love duty totally free access in the Chinese industry effective from July 1,...Bangladesh Bank asks banks to continue identifying good borrowersThe central bank has asked banks to keep their activities to recognize good borrowers and investors to facilitate providing incentives to them.The instruction came as...Beijing grants tariff exemption to 97% of Dhaka exportsIn a significant show of economic diplomacy in South Asia, China has announced tariff exemption for 97% of exports from Bangladesh. And diplomatic sources of...China gives duty-free usage of 5,161 more Bangladeshi productsThe Government of China has given duty-free usage of extra 5,161 Bangladeshi products in the Chinese industry.Bangladesh will love this duty holiday from July 1,...Priority berthing for new feeder provider will avoid Chittagong congestionA good Bangladeshi container feeder service can make its debut voyage from Chittagong port on 22 June, connecting to Singapore and Port Klang, beginning another...