BD set to supplant China top cotton importer
As China’s economy has grown, it has become the largest importer of raw materials from copper to iron ore. Yet for one commodity, at least, it’s poised to lose that title.
Bangladesh will probably overtake China as the world’s biggest cotton importer in the current crop season, which lasts through July, according to data from the U.S. Department of Agriculture.
In year ending July 31, Bangladesh will import a record 5.75 million bales of the fiber, up 6.5 percent from a year earlier, the USDA said
ADB urges to develop capital market to spur economy
The Asian Development Bank (ADB) encouraged Bangladesh on Saturday to use the more than $553 million it has provided so far in loans to develop a capital market and attract private investors.
Bangladesh aims to become a middle income country (MIC) by 2021.
"A well-functioning capital market can catalyse private sector investment in infrastructure and other sectors creating employment and economic growth," Kazuhiko Higuchi, the ADB's country director in Bangladesh, told Reuters in an interview.
The ADB has been supporting government efforts to develop t...
The ADB has been supporting government efforts to develop t...
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 
Al 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,...
Al 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,...
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
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MONTHLY
CURRENT 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) ($mln)(BB) August 3,226.00 3,767.00
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CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Sept. 6.24 6.17
M2 supply (bln taka) (BB) September 8,214.73 8,053.78 Forex reserves ($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
----------------------------------------...
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...
October remittances rise 7pc
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...
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...
