Bangladesh’s trade deficit hit a historic high of $30.81 billion in the first 11 months of the 2021-22 fiscal year, intensifying the pressure on the macroeconomic zone.

Bangladesh’s trade deficit hit a historic high of $30.81 billion in the first 11 months of the 2021-22 fiscal year, intensifying the pressure on the macroeconomic zone.

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) made the call in a meeting with Abu Hena Md Rahmatul Muneem, chairman of the National Board of Revenue (NBR), at the latter’s office in Dhaka today.

The National Board of Revenue (NBR) today extended the opportunity for edible oil refiners to import and refine the essential commodity by paying only 5 per cent value-added tax (VAT) at the import stage until September 30 this year.

Initially, 11 integrated inspection and monitoring teams were formed to inspect 1,072 buildings.

The stock market index continued to drop for the second consecutive day today amid the fear of a further fall in the upcoming days.

Most of the shares traded on the Chittagong Stock Exchange today lost.

Most shares fell on the Dhaka Stock Exchange today amid persisting uncertainty over the local and global economy and high inflationary pressure.

Farmers in Shahbajpur village of Jashore sadar upazila are overjoyed to be producing export quality vegetables but they are disappointed that the produce is selling at home instead of abroad at the same time.

Two more quayside gantry cranes, also known as ship-to-shore cranes, are going to be added to the existing ones at the Chattogram port by this week to enhance the port’s efficiency in handling containers to and from vessels.   

Bangladesh Submarine Cable Company Ltd (BSCCL), the state-run bandwidth importer, is going to spend $3.2 million to upgrade the capacity of its first undersea cable by more than four times. 

Remittances slipped back into negative growth in fiscal year 2021-22 for the first time in the last six fiscal years as many remitters opted for the informal channels to send their money. 

The government yesterday asked all the owners of factories and industries, including those in the garments sector, to pay the due salary and bonus to their workers by July 7, three days ahead of Eid-ul-Azha.

Bangladesh Bank yesterday said the ceiling on fund transfers through internet banking would not be applicable for remittance.

Stocks broke out of a gaining streak of four days while turnover at the market dropped 30 per cent yesterday. 

The government has ordered all government, semi-government and autonomous institutions to stop purchasing vehicles, including ships and aircraft.

The Dhaka Stock Exchange opened lower today, breaking the last week’s gaining streak.

Before delving into the matter of blue bonds, it is important to briefly understand the “blue economy” itself. Blue economy is a term in economics which relates to the preservation and exploration of the marine environment.

Hili land port in Hakimpur upazila of Dinajpur provides ample opportunity to facilitate cross-border trade between Bangladesh and India but its potential remains largely untapped even though both governments have taken a number of initiatives to this end.

Local readymade garment exporters are expecting a strong rebound of the inflow of work orders from December onwards as prices of cotton have started to decline in the international markets.