Jan-Sept RMG exports to US grow 26.37pc The country’s apparel exports to the United States, in terms of both volume and value, continued to rise and maintained a double digit growth during the first nine months of this calendar year. Bangladesh fetched US$ 5.0 billion from readymade garment (RMG) exports
Read MoreBFIU seeks bank account info of 23 online shops Bangladesh Financial Intelligence Unit (BFIU) has asked banks to send information of accounts of 23 digital platforms, including Daraz and Priyo Shop, and 29 executives related to the firms. After several regulatory measures, the government formed a new committee to bring
Read MoreExports firing on all cylinders Exporters in Bangladesh have kept setting new records as merchandise shipment fetched $4.72 billion in October, the highest single-month receipts. The earnings were 60.37 per cent higher year-on-year, data from state-owned Export Promotion Bureau (EPB) showed yesterday. October’s receipts shattered the previous single-month highest export
Read MoreGDP size up, growth down as new base year takes effect The economic growth rates posted in recent years were revised downwards but the size of the economy expanded thanks to a new base year adopted by the Bangladesh Bureau of Statistics (BBS). For example, Bangladesh’s gross domestic product (GDP)
Read MoreLiquidity crunch looms as imports, credit demand on the rise Banks will come under a liquidity crunch within three to six months due to an escalation of import financing and a rising demand for loans from businesses as the economy returns to normalcy, warned several top executives yesterday. The excess
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