Browse Tag

economy

Remittance on the decline

Remittance’s slide continues for the third straight month in Bangladesh, after the month of October saw receipts decline 8.18 per cent year-on-year to $1.01 billion. Migrant workers sent home $4.26bn in the first four months of the fiscal year, down 17.31pc year-on-year. The decline in oil price, which dropped to its historic low in January this year from its historic forexhigh in the middle of 2014, affected incomes in the Gulf Cooperation Council economies, weakening the demand for migrant workers. The bonus and overtime...

BD wants next US administration to lower trade barriers

As the United States goes to the polls in two days, Bangladesh hopes that the next US administration would relax its protectionist measures to encourage higher consumer spending in its retail economy. Despite the South Asian country strengthening its ties with China, security and strategic experts in Bangladesh hope that the US would make room for the Bangladeshi economy to prosper with more trade preferences and less political prejudice. Bangladesh is of “deep strategic interest” for the United States from a security perspective. usbd...

AIBL 138th Branch at Mostofapur, Madaripur

Al-Arafah Islami Bank Ltd (AIBL) opened its 138th branch at on Sunday (6 November 2016). Director of the Bank Alhajj Abdul Malek Mollah inaugurated the branch as Chief Guest. Managing Director Md. Habibur Rahman presided over the ceremony. Principal of Al-Arafah Islami Bank Training & Research Academy Nurul Islam Khalifa was present as special guest. Head of AIBL Khulna Zone Md. Manjurul Alam delivered the welcome speech. The occasion was addressed by Proprietor of Alif Auto Rice Mill Engr. Md. Mahbubul Alam Khan, Secretary

BD imports from top 10 source countries more than 67pc

67 per cent imports of Bangladesh are now coming from top 10 source countries. In the last fiscal year (FY) 2015-16, the countrys total exports were valued at $36.75 billion. This excludes that of the Export Processing Zones, according to the Bangladesh Bank (BB) data. In FY16, the actual import payments, in free on board value, stood at $39.71 billion. On the moneyother hand, China followed by India were the largest source of the countrys imports. In the last fiscal year, imports from China stood at $9.64 billion which was $8.2...

Govt sets goal $ 5b in 2021 from leather industry: Tofail

The government has set a goal to export five billion US dollars from the leather and leather goods industry under Vision 2021 which marks the 50 year anniversary of independence. Commerce Minister Tofail Ahmed, MP, disclosed this in a three-day long international exhibition inauguration ceremony titled ‘Leathertech Bangladesh-2016’ held in city’s International Convention City, Bashundhara Wednesday. The Commerce Minister said, “Government expects to export 60 billion dollar in 2021 from image-2which Readymade garments sec...

Bank Asia provides Foundation Training to its officers

Bank Asia provided a 23-day Foundation Training to its 27 (twenty-seven) officers in an effort to improve their professional efficiency. Mr. A Rouf Chowdhury, Chairman of Bank Asia handed over certificates to the participants of pix-39the 39th Foundation Training Course at Bank Asia Institute for Training & Development at Rangs Bhaban, Tejgaon, Dhaka today (Thursday, 3 November 2016). Mr. Rumee A Hossain, Chairman of Board Executive Committee, Mr. Mian Quamrul Hasan Chowdhury, Deputy Managing Director, Mr. Aminu...
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