Export
ADB forecasts 6.1% GDP growth for Bangladesh in FY24, higher than World Bank’s
The ADB’s projection comes days after the Bangladesh Bureau of Statistics said economic growth in the October-December quarter of fiscal 2023-24 halved to 3.78 percent, the slowest pace in three quarters, as manufacturing output growth declined sharply owing to reduced domestic consumption.
All member factories completed paying March salary, Eid bonus: BGMEA
BGMEA President SM Mannan Kochi says in a press briefing today
New industries outside economic zones will not get electricity, gas
The cabinet committee on economic affairs says
70% factories yet to pay March salary
Some 70% have already paid festival bonus, Industrial police say
Leather shipment recovers, fetches $100 million in 9 months
Leather exports rose 9.8% year-on-year in Jul-Mar of FY24
FBCCI's plea for tariff protection devoid of reality
On April 4, the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urged the government to pay attention to ensuring reasonable protection from customs tariffs for the sake of employment and promoting domestic industries, services and small and medium enterprises.
Focus more on man-made fibre-based garment exports: PwC study
Bangladesh should expedite the making of garments from man-made fibre (MMF) as it will account for 60 percent of the value of globally traded garments items in 2030 compared to 50 percent in 2022, according to a study.
Exports rise 10% to $5.1 billion in March
Despite the 10 percent growth in March, shipment is still 0.88 percent short of the monthly target at $5.14 billion
Monetary policy transmission hindered by SMART lending rate cap: World Bank
The central bank of Bangladesh has tightened the monetary policy but its transmission has been hindered by the SMART lending rate cap since it slows pass-through to lending rates due to the use of a moving average, the World Bank said in a report today.
NBR issues gazette to process imports faster
The National Board of Revenue (NBR) has issued a gazette notification stipulating that imports have to be declared well in advance of the previous deadline for notifying of their arrival, all to reduce false declarations and enable quick releases.
Scooter sales rev up as riders seek comfort
Local retailers post up to 65% rise in monthly scooter sales
Litchi growers expect good harvest this year
There are over 4,000 orchards dotting the district
High bad loans a 'big threat' to financial sector: BB
The central bank said in quarterly review on money and exchange rate
Forex reserves fall by half a billion in a week
It hit $19.45 billion on March 27, down from $19.98 billion on March 20
Contracts of Summit’s three power plants extended
The plants are located in Dhaka’s Ashulia, Narshingdi’s Madhabdi and Cumilla’s Chandina
Another Bangladeshi factory obtains Gold LEED certification
Gazipur-based APS Knit Composite Ltd scored 71 out of 110
Russia wants skilled manpower from Bangladesh
The Putin administration will take 60 workers initially and more in phases
NBR extends duty benefit for Rampal power plant
Other power plants, regardless of ownership, enjoy similar duty benefits
