Masum Billah, Baku (Azerbaizan) BAKU, November 14: Bangladesh Chief Adviser Professor Muhammad Yunus on Thursday said his government would carry out vital labour reforms in an effort to attract more foreign investment in the country’s manufacturing sector. The Chief Adviser made the comments during a meeting with former British Prime Minister Theresa May on the […]
Read MoreBefore the payment, which is made every two months, the foreign exchange reserves were at $19.96 billion. The gross foreign exchange reserves in Bangladesh have dropped to $18.46 billion following a $1.50 billion payment to the Asian Clearing Union (ACU) for September and October import bills, according to the latest Bangladesh Bank data. Before the […]
Read MoreBangladesh’s semiconductor dreams started in the 2000s, but the key actuators emerged visible through their design services to major global giants in 2017. The Bangladesh Semiconductor Industry Association (BSIA) has unveiled their roadmap to boost the country’s semiconductor exports to $1 billion by 2030, focusing on workforce training and policy support to drive growth. The […]
Read MoreBy Masum Billah Baku, Azerbaijan — On Tuesday, Professor Muhammad Yunus, the Chief Advisor of the Bangladesh government, addressed world leaders at the COP 29 climate conference in Baku, urging them to adopt a transformative vision for the future to avert climate catastrophe. In a passionate speech, Prof. Yunus presented what he called a “new […]
Read MoreAdvisor for Shipping and Textiles and Jute, Brigadier General (Retd) Dr. M Sakhawat Hossain, has urged the country to launch direct cargo shipping between Norway and Bangladesh. He said that if a direct shipping connection is established in Norway, it is possible to reach goods from Chittagong to any port in Norway within 15 days. […]
Read MoreThe remittance inflow for the same period in October was $739.8 million, indicating a decrease in this November’s remittance figures. Bangladesh received remittances totalling $655 million in the first nine days of November, according to the latest report of the Bangladesh Bank. This amounts to an average daily inflow of around Tk72.8 million in foreign […]
Read MoreRMG orders are increasing as economies in major export destinations recover and previously shifted orders return, now that the situation has stabilised. Bangladesh’s merchandise exports experienced positive growth for the second consecutive month, increasing by 20.6% year-on-year in October, primarily driven by readymade garment shipments despite production disruptions from prolonged labour unrest. According to data […]
Read MoreFor almost two and a half years, many countries in the world’s major economies have brought inflation rates under control by increasing central bank policy interest rates. As a result, they have started reducing policy interest rates. Many countries have already reduced policy interest rates by one point. They have announced to reduce them by […]
Read MoreCurrent account deficit shrinks 93% in Jul-Sep, thanks to remittances Remittances from August to October totalled $7.03b, up from $4.9b in the same period last year, marking an increase of $2.13b or 43% since the interim government took office. Thanks to the surge in remittance inflows, Bangladesh’s current account deficit, a key component of the […]
Read MoreThe Bangladesh government has decided to issue a new letter of credit (LC) to Adani Power to pay $173 million, according to a report in the Indian media Economic Times. An official said that the Bangladesh Power Development Board (BPDB) has issued the third LC to Adani Power. Bangladesh Krishi Bank issued this LC; the […]
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