Imports hit all-time high For the first time in Bangladesh’s 47-year history, imports crossed the $50 billion mark in a single fiscal year. In fiscal 2017-18, letters of credit settlement stood at $51.53 billion, up 16.40 percent year-on-year, on the back of rising demand for food grains and petroleum products.
Read MoreGovt set to fix goods export target at $39b The government is set to fix the country’s goods export earnings target at $39 billion for fiscal year 2018-19, officials said. It is 6.36 per cent higher than the $36.66 billion earnings target in the just-concluded FY 2017-18, they added. The
Read MoreInward remittances may cross $17 billion this fiscal: BB The central bank expects the overall inward remittance to cross the $17 billion mark by the end of fiscal year (FY) 2018-19. In FY ’18, remittance flow jumped by more than 17 per cent or $2.21 billion following higher fuel oil
Read MoreGold prices drop again Local jewelers have revised gold prices downward in line with the international market price. As per new rates, the price of 22-carat gold has been fixed at Tk 4,070 per gram, down from Tk 4,170 nearly two weeks ago. The new price will come into effect
Read MoreBB unveils ‘cautious’ monetary policy ahead of nat’l polls Bangladesh Bank on Tuesday announced a ‘cautious’ monetary policy for the first half (July-December) of the fiscal year of 2018-2019 without any major changes. Besides, the public sector credit growth has been projected to grow by 8.6 per cent against the
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