Local apparel exporters are in a frantic race to recover the losses they incurred during the latest spell of violence centring the quota reform movement and nationwide curfew, with international retailers and brands pressuring them to ensure timely delivery of goods.

The internet blackout for five days has affected remittance collection through banks and mobile financial services (MFS), which may put pressure on the country’s foreign exchange reserves.

Bangladesh’s current account deficit dropped by half year-on-year to stand at $5.98 billion in the 11 months till the end of May of fiscal year 2023-24 as imports fell in tune with Bangladesh Bank’s (BB) measures amidst a US dollar crisis.

Zahra Mayeesha, a 26-year-old private job holder, was preparing to return to Dhaka from a two-day vacation to Sreemangal with her husband on July 16.

Stocks in Bangladesh bounced back yesterday after falling by a large margin on the previous day.

State Minister for Shipping Khalid Mahmud Chowdhury gave the assurance today

The bank made Tk 166.79 crore in the same period previous year

Stocks gained marginally in early trade today, returning from losses it suffered a day earlier.

As banks reopened after three days of general holidays, most lenders had to contend with cash withdrawal pressure while some faced disruptions in conducting foreign transactions.

Asian Development Bank (ADB) has revised down the economic growth projection for Bangladesh but said inflation might creep up further during the current fiscal year of 2024-25.

Stocks plunged yesterday amid a sell-off, reflecting a downbeat investor sentiment as the market reopened after three days following the recent violence stemming from the quota reform movement.

DBL Group, a leading garment exporter, usually ships apparel worth around $50 million each month.

Banks and non-bank financial institutions (NBFIs) have been asked to refrain from imposing fees or interest on delayed repayment of loan and saving scheme instalments and credit card bills between July 18 and July 25.

Online assessment process began Tuesday evening

The Modi-administration allocated 120 rupees for Bangladesh as development assistance for 2024-25

It also demanded no new charges to be imposed when shipment begins

Turnover hit Tk 159 crore, lowest since January 3 of 2023

Banks reopened today after three days of additional general holidays

40 percent restored so far, says president of Internet Service Providers Association

Banks are set to re-open today from 11:00am to 3:00pm after four days of general holidays.