Airport security measures hamper RMG export
Bangladesh’s garment industry is struggling with delays to both imports and exports as security measures at Dhaka’s airport are beefed up after several countries expressed concern.
Delegates from the UK Civil Aviation Authority last week urged Bangladesh to adopt new security measures within the next three months, insisting on a “three-layer security system” for Dhaka-London flights.
Worries over “flimsy” security at Dhaka Shahjalal International Airport have already led to a ban on air freight imports by Australia.
The Dhaka airport authority has installed new scanning equipment, but garment manufacturers 
New Monetary Policy: BB cuts rates
Bangladesh Bank (BB), the central bank of the country has cut its benchmark interest rate by half percentage point – the first move since 2013.
The BB cut its repo rate from 7.25 per cent to 6.75 per cent. The reverse repo rate was also cut to 4.75 per cent from 5.25 per cent. The bank last changed rates in February 2013.
In a monetary policy statement at the end of last year, the bank had said it was considering easing.
The BB cut its repo rate from 7.25 per cent to 6.75 per cent. The reverse repo rate was also cut to 4.75 per cent from 5.25 per cent. The bank last changed rates in February 2013.
In a monetary policy statement at the end of last year, the bank had said it was considering easing.
$ 7.48n remittances in 1st half of FY 2015-16
Bangladesh in the first half of the current fiscal year 2015-16 ending in June received 7.48 billion U.S. dollars in remittances from its millions of expatriate workers, a central bank official said Tuesday.
The Bangladesh Bank (BB) official who preferred to be unnamed said some 10 million Bangladeshis, living and working abroad, in the first half of the current fiscal year remitted 
home 7.48 billion U.S. dollars, a little less than what they sent in the same period in the previous financial year, reports Xinhua.
In July...
home 7.48 billion U.S. dollars, a little less than what they sent in the same period in the previous financial year, reports Xinhua.
In July...
$ 16b earning from exports in H1 2015
Bangladesh’s total exports in the first half of the current fiscal (July 2015-June 2016) exceeded $16 billion—up eight percent from the same period a year ago, official data showed on Tuesday.
Bangladesh fetched $16,083.90 billion from exports in six months of the current fiscal year, Xinhua cited 
Export Promotion Bureau (EPB) data as showing.
The EPB data showed export performance for December was $3.20 billion, 12.66 percent higher than that in the same month a year ago.
Bangladesh export inc...
Export Promotion Bureau (EPB) data as showing.
The EPB data showed export performance for December was $3.20 billion, 12.66 percent higher than that in the same month a year ago.
Bangladesh export inc...
FX reserves hit record $ 27.49b at year end
Bangladesh’s foreign exchange reserves hit a record $27.49 billion at the end of December, the central bank said on Sunday, fuelled by steady exports and remittances.
The slower pace of import growth, on the back of a fall in global commodities prices, also helped boost reserves about 23 percent over the corresponding period of last year.
The reserves are sufficient to cover seven months of imports.
Bangladesh’s exports in July-November, the first five months of the current financial year, rose 6.7 percent from a year earlier to $12.88 billion, le...
about 23 percent over the corresponding period of last year.
The reserves are sufficient to cover seven months of imports.
Bangladesh’s exports in July-November, the first five months of the current financial year, rose 6.7 percent from a year earlier to $12.88 billion, le...
WB pumps millions into Bangladesh
The government on Sunday signed a $177-million additional financing agreement with the International Development Association (IDA) to complete the ongoing construction of a 335 megawatt combined cycle power plant at Siddhirganj near capital Dhaka.
Kazi Shofiqul Azam, additional secretary of Bangladesh’s Economic Relations Division, and Iffath Sharif, acting World Bank country director for Bangladesh, signed the agreement on behalf of their respective sides on Sunday.
The power plant will account for six percent of the total electricity delivered to the national...
The power plant will account for six percent of the total electricity delivered to the national...
