To ease pressure on foreign exchange reserves, the government has decided to stop foreign trips of its officials and postponed implementation of less important projects that require imports.

Mohd Safwan Choudhury has been re-elected vice-chairman of Bank Asia at the 473rd meeting of the board of directors of the bank recently.

The government should make budgetary allocation for the fiscal year of 2022-23 to deal with the impacts of the ongoing Russian-Ukraine crisis and the possibility of the emergence of another wave of coronavirus, said a noted economist.

The government yesterday revised the budget for the Installation of Single Point Mooring (SPM) with the Double Line Project for the third time, increasing it by more than 8.5 per cent.

Dhiren Chandra Barman, a 60-year-old farmer in Char Rajour in Lalmonirhat sadar upazila, nowadays passes sleepless nights after his paddy crop, on which he relies to feed his six-member family, was completely damaged because of an unseasonal flood. 

“Per capita income is the income that is not seen by mass people but built on a few people.”

In the face of falling foreign exchange reserves, Bangladesh Bank yesterday instructed banks to take up to 75 per cent of import payments in advance from businesses to open letters of credit (LCs) for luxury and non-essential goods.

Bangladesh will remain as the preferred sourcing destination for readymade garment (RMG) items well into the future as the country has substantially improved production facilities and on compliance with regulations over the last few years, said international clothing retailers and brands yesterday.

The growth estimate for fiscal 2021-22 appears directionally consistent with the high-frequency growth indicators such as exports, imports, private credit and revenue collections.

The stocks in Bangladesh dropped yesterday after increasing in the last couple of days.

Salt production reached a 61-year high this fiscal year thanks to the conducive environment, allowing farmers to eye more profit amid good market prices.

Bangladesh Bank today instructed banks to take up to 75 per cent of payments in advance from businesses during opening of letters of credit for import of luxury and non-essential goods.

Gold prices dropped in the local market today thanks to a fall in its global rates.

Twenty-six firms are going to get the “National Productivity and Quality Excellence Award 2020” as a recognition for their continuous improvement in productivity and quality.

The Bangladesh Vegetable Oil Refiners & Vanaspati Manufacturers Association today said it will take action against the dealers if their involvement is found in creating an edible oil crisis.

The government will introduce a platform to help the global investors virtually operate their business in Bangladesh, said Zunaid Ahmed Palak, state minister for ICT.

The non-bank financial institutions would be able to use real-time gross settlement (RTGS) system—a platform that helps lenders transfer fund on a real-time basis—from June 1, according to a Bangladesh Bank notice.

The stocks in Bangladesh dropped today after increasing in the last couple of days.

Bangladesh’s economy has grown 7.25 per cent in the outgoing fiscal year of 2021-22, powered by an expansion of manufacturing activities, according to the provisional data of Bangladesh Bureau of Statistics (BBS).

The per capita income in Bangladesh rose by 9 per cent year-on-year to $ 2,824 in 2021-22, according to data of Bangladesh Bureau of Statistics.