August import LC openings highest in last 5 months The opening of import letters of credit (LCs) in August was the highest in the last five months even though settlements decreased due to the ongoing dollar crisis. According to central bank data, import LCs worth $5.59 billion were opened in
Read MoreExports rise slightly in August Earnings from merchandise shipments in August increased slightly by 3.80 percent to $4.78 billion, mainly riding on apparel exports as all the other major sectors staged a poor performance last month. Three important sectors, including leather and leather goods, jute and jute goods and home
Read MoreOil price jumps to highest in over seven months Oil prices rose on Friday to their highest in over half a year and snapped a two-week losing streak, buoyed by expectations of tightening supplies. Saudi Arabia is widely expected to extend a voluntary 1 million barrel per day oil production
Read MorePrime Minister opens first elevated expressway Prime Minister Sheikh Hasina on Saturday inaugurated the 11.5 km Airport- Farmgate segment of 19.73-km Dhaka Elevated Expressway, the first of its kind in the country, raising high hope to reduce traffic congestion and commuters’ travel time in the capital, reports UNB. The long-awaited
Read MoreIFC invests $11b in Asia-Pacific projects in FY’23 IFC, the largest global development institution, funded a record US$11 billion for a total of 108 projects in Asia and the Pacific in fiscal year (FY) 2022-23, registering a 10 per cent year-on-year increase. The amount comprised $4.7 billion in long-term financing
Read More