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.
Exports 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, ...
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...
Money sent home in October by Bangladeshis working overseas rose nearly 7 percent from a year earlier to about $1.1 billion, the central bank said.
In July-October, the first four months of the 2015-16 financial year, Bangladesh received about $5.03 million in
remittances, down 0.16 percent from a year earlier.
Remittances from more than 10 million citizens abroad are critical for the South Asian nation and key source of foreign exchange, alongside garment exports. In the financial year ended in June, garments accounted for 82 percent of Bangladesh's...
United World gathers the opinions of some of Bangladesh’s most important business leaders from across the economic spectrum, from textiles and pharmaceuticals to aviation, telecoms, and finance. They share their thoughts on the country’s progress, its image in the global media and the vital role the private sector is playing in the country’s development
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Salman F. Rahman, Vice Chairman of the Beximco Group (top-left), MD. Atiqul Islam, President of BGMEA (top-right), ...
Cargo movement be ween the city and Agartala turned seamless on Sunday with the introduction of the regional free trade agreement -the Bangladesh-Bhu an-India-Nepal (BBIN) Motor Vehicles Agreement. The first truck, which was flagged off from Nabanna, would pass through Bangladesh and travel just 640 kms, instead of he usual 1550kms route, to reach Agartala in less than half the time t would take earlier.
The agreement, signed on June 15, 2015, means transshipment of cargo wouldn’t be required at nternational borders and vehicles of each country ...
The country’s foreign exchange reserve crossed a new height of US$ 27 billion mark on Thursday.
Bangladesh Bank executive director M Mahfuzur Rahman confirmed this to Prothom Alo on Thursday.
He, however, said they were working on to ascertain the final amount of the forex reserve at the end of the day.
Earlier on 17 August, country’s foreign exchange reserve surpassed US$ 26 billion benchmark for the first time.
According to international standard, a country should ideally have reserves to meet the import bill for at least three months. But, Bangladesh has now enough reserves to pay import bills for around seven months.
-Prothom Alo
