Former president of Bangladesh Garment Manufacturer and Exporters Association (BGMEA) Shafiul islam Mohiuddin said, the export growth of the RMG products decreased by 10 per cent in recent months while the export growth in India, Cambodia and Vietnam rose to 30 per cent. These countries were far behind in the field of exporting apparels until last few years, but united efforts and business friendly environment have helped them supercede Bangladesh, he said. In tune with the former BGMEA president, country’s economist and business leaders fear that the current growth of economy might also be hit if political unrest continues few more days.

Remittances sent home by Bangladeshis working overseas dropped nearly 5 percent to $1.05 billion in November from a year earlier, the central bank said on Monday, slipping for the fourth straight month. Millions of expatriate Bangladeshis remitted $5.55 billion from July to November, the first five months of the current financial year, down 9 percent from the same period in the previous year. Strong remittances in recent years have helped build foreign exchange reserves to more than $17 billion.

International Chamber of Commerce (ICC) has called the members of World Trade Organization (WTO) to spare no effort to achieve a trade facilitation deal in time for the Bali Conference next week. ICC, following the WTO Director-General Roberto Azevedo’s signal on Tuesday that the formal WTO negotiating process had reached a conclusion for the time being, asked the member countries to demonstrate the political will needed to settle the agreement, said a press release here on Thursday .  “This is a clarion call for global business to continue ur...

Bangladesh Bank (BB) has introduced the cost of funds index (CoFI) for non-banking financial institutions (NBFIs) aiming to ensure market discipline. "The CoFI will strengthen the liquidity management of NBFIs which will also help them build future capability," said the central bank Governor Dr Atiur Rahman, while inaugurating the CoFI on the central bank's website at its auditorium in the city Wednesday. He said all the banks will come under the process very soon as necessary preparations are going on. The BB Governor said: "We have launched the CoFI as the first country in the sub-continent and it is part of our ongoing automation and digitalisation process."