Apparel exports to EU, UK jump big in FY23 Bangladesh apparel exports saw a big jump in European markets in the fiscal 2022-23 despite the economic slowdown driven by the Russia-Ukraine war. Apparel exports grew by 9.93% year-on-year in the European Union countries to about $23.52 billion, while the earning
Read MoreBD posts $3.48b FDI inflow in 2022, up by 20.16pc Foreign direct investment (FDI) in Bangladesh rose by 20.16 per cent to $3.48 billion in 2022, according to a report of a UN agency. In 2021, the FDI flows were US$2.89 billion. Outward FDI from Bangladesh, however, declined by 42.7
Read MoreTrade in rupee to save at least Tk 1 per dollar Trade settlement in rupee between India and Bangladesh would reduce pressure on US dollars and save at least Tk 1 on the exchange cost of each greenback. Bangladesh’s foreign exchange reserve, which was $41.8 billion a year ago, stood
Read MoreBangladesh’s merchandise export to UK hits $5b milestone Bangladesh has achieved a significant milestone by surpassing the $5 billion-mark in exports to the United Kingdom, according to commerce ministry data. In the just concluded fiscal 2022-23, Bangladesh’s merchandise exports to the European country peaked at $5.3 billion, demonstrating substantial growth
Read MoreSavings certificates sales exceed Tk500cr again in May FY23 Savings certificates sales crossed the Tk500-crore mark for the second time in May of the recently ended FY23. According to the Bangladesh Bank data, savings certificates worth Tk551 crore were sold in May. Earlier, savings certificates worth TK581 crore were sold
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