The country’s export earning growth in October hit the lowest in 14 months to 2.03 per cent. In August 2012, the earning had posted a negative 17.89 per cent growth. Industry insiders have attributed the lower growth to production disruption for long due to Eid vacation and labour unrest in the garment sector as well as political turbulence. According to the EPB data, the export earnings rebounded in September of the current financial year with a 36.26 per cent growth but the growth decreased further in October.  The export earning in July-Octob...

The central bank has continued to purchase US dollars from the commercial banks directly aiming at keeping the inter-bank foreign exchange market stable, officials said Sunday. "We've strengthened our intervention in the foreign exchange (forex) market recently to protect the interests of exporters and migrant workers by keeping the exchange rate of the local currency against the greenback stable," a senior official of the Bangladesh Bank (BB) told the Financial Expres (FE). He also said the BB is buying US dollars continuously from the banks to offset higher inflow of foreign exchange in the market. As part of the move, the BB ...

The much-hyped deal — Trade and Investment Cooperation Forum Agreement (Ticfa) — will be signed today in Washington, which the government thinks will help expand trade and investment between Bangladesh and the USA through enhanced cooperation. Commerce Secretary Mahbub Ahmed, now in the USA, confirmed UNB through a text message on Sunday saying Ticfa will be signed at 10am (Washington time) on November 25. Acting Deputy United States Trade Representative Wendy Cutler and Bangladesh Commerce Secretary Mahbub Ahmed will sign Ticfa on behalf of their respective sides, reports UNB. United States Trade Representative Michael Froman will make brief remarks and preside over the signing of the United States-Bangladesh Trade and Investment Cooperation Forum Agreement (Ticfa).