October exports fall but RMG sees over 3% rise Despite an overall fall in export earnings, data from the Export Promotion Bureau (EPB) show that Bangladesh’s ready made garments sector saw a 3% growth in revenue in October compared to last year, a figure that surprises RMG owners. According to
Read MoreDollar crisis to go by next June Bangladesh Bank is anticipating the pressure on the balance of payments will blow over by the end of this fiscal year thanks to hearty assistance from development partners –– an outlook termed wishful by economists. At the end of this fiscal year, the
Read MoreSuspicious transactions increased by 62.32pc in FY22, says BFIU The suspicious transaction reports (STR) and suspicious activity reports (SAR) have increased by 62.32 per cent in the fiscal year 2021-22, compared to that of the previous fiscal year. According to a report of Bangladesh Financial Intelligent Unit (BFIU), a concern
Read More$2b to be sought from central bank for fuel import Nasrul Hamid, state minister for the Ministry of Power, Energy, and Mineral Resources, and Salman F Rahman, prime minister’s private industry and investment adviser, have assured businesses that they will pursue the Bangladesh Bank for $2 billion to import fuel,
Read MoreForeign aid commitments rise, disbursement falls in Q1 The government has been able to secure huge aid commitments from development partners from July to September, the first three months of the fiscal year, but foreign aid disbursements have decreased due to the lack of spending capacity of government agencies. Foreign
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