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Economy

Next TICFA Forum to start Nov 23

The second TICFA Forum meeting is going to be held on November 23 in Washington, U.S. Assistant U.S. Trade Representative for South Asia Mike Delaney and Senior Secretary of Commerce Hedayetullah ticfa2Al Mamun will co-chair the meeting. On November 25, 2013, the United States and Bangladesh signed the Trade and Investment Cooperation Forum Agreement (TICFA) to establish an annual forum to identify and address obstacles to increasing bilateral trade and investment. This year’s TICFA seeks to further bolster trade between the United States and Bangladesh,...

Separate ministry of corporate affairs proposed

Institute of Chartered Secretaries of Bangladesh- ICSB President Mr. Mohammad Asad Ullah, FCS, proposed to set up a separate ministry of corporate affairs to provide precise service to about 1.5 lakh listed and many other non-listed companies. The sector which has been contributing about 73% to the country’s economy is being neglected in many ways. A separate ministry for corporate sector will help to boost up the country’s economy and increase revenue in a remarkable way. DSC_6479ICSB President Mr. Mohammad Asad Ullah, FCS was speaking at the 2

Key economic indicators Monday

Taka/US $ (inter-bank) 78.22-78.27 78.21-78.22 Call money rate (inter-bank) 02.75-05.00 02.75-05.00 Dhaka Stock Exchange index 4,416.91 4,443.15 --------------------------------------------------------------- MONTHLY moneyCURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Sept. 6.24 6.17 M2 supply (bln taka) (BB) September 8,214.73 8,053.78 Forex reserves ($bln)(BB) Oct. 27.06 26.38 Exports(FOB) ($mln)(BB) Sept. 2,374.65 3,054.07 Imports(FOB) ($mln)(BB) August 3,226.00 3,767.00 ----------------------------------------...

IBBL helps 63,000 SME entrepreneurs like Halima

Halima Khatun, an educated housewife of Kumarkhali under Kushtia, since her girlhood used to think differently, saw the life in diverse way, sketched a dream of busy and prosperous life. Instead of searching for job she had a long mindset to create employment for others, especially helpless women. Halima, with determination and talent, after learning exclusive needle-works started business of craftsmanship by setting up ‘Mridula Hostashilpa’. Her husband came out in support of her quest. Craftsmanship contributed additional income to her family. She started organizing the neighbor poor widows and women to engage them in the similar works and with their active

Exports in October up 21pc on garment sales

Bangladesh's exports rose 21.15 percent to $2.37 billion in October from a year earlier, driven by stronger overseas sales of garments, official data showed on Thursday. Import_Export_0-450x252Exports from July to October, the first four months of the 2015-16 financial year, rose nearly 5 percent to $10.13 billion from the same period a year earlier, 3 percent short of the target, the Export Promotion Bureau said. Sales of garments, comprising knitwear and woven items, totalled $8.24 billion in the July-October period, ...

IBFB raises revival of GSP issue to US

The business leaders of International Business Forum of Bangladesh (IBFB) strongly raised the issue of revival of GSP facilities of Bangladeshi products in the U.S. market in a meeting with the U.S. State Department in USA. Mr. Hafizur Rahman Khan, President of IBFB & Chairman of Runner Group of Companies and Mr. Mahmudul Islam Chowdhury, Founding President of IBFB, Chairman of Khan Bahadur Group & former Mayor of Chittagong, discussed about GSP issue in a meeting with the officials at the U.S. State Department held on Tuesday, 03 Nov 2015 in Washington DC. Apart from IBFB leaders, Mr. Kurt W. Tong, Principal Deputy Assistant Secretary of State for Economic and Business Affairs, Mr. Gilbert Morton, Officer for Bangladesh Affairs in the State Department and other officials were p...
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