Export data mismatch: is it the tip of the iceberg?

Accurate data is a crucial input for taking effective policies and putting the economy on the right track. If the data is not correct or time-befitting, policies might be proved wrong. Then, development successes will be only on paper and will not reflect reality..In Bangladesh, economists
8 July 2024

Distorted data leading to flawed policies

Major economic data provided by the government is detached from reality, leading to flawed policies, experts said yesterday..They made the comments after the Bangladesh Bank (BB) corrected anomalies in export figures, bringing down the shipment by nearly $14 billion in the July-April period of the just-concluded fiscal year.
6 July 2024

Apparel shipment to the USA declines by 12.31%

The amount hit $2.9 billion in the January-May period
6 July 2024

Tug-building deal with Bangladesh Navy lifts Indian shipbuilder's shares

Garden Reach Shipbuilders & Engineers Ltd’s share price rose from INR 2,099 on June 28 to INR 2,473.95 as of today
2 July 2024

PM’s visit may open door for FTA with China: Titu

Prime Minister Sheikh Hasina’s four-day China visit begins on July 8
1 July 2024

Ctg port posts 5.36% growth in container handling

The port handled 31.69 lakh TEUs of containers in FY24, up from 30.07 lakh TEUs the previous fiscal
1 July 2024

Ctg customs collects highest ever revenue of Tk 68,563 crore in FY24

Enhanced monitoring to prevent false declaration paid off, customs officials say
1 July 2024

Bangladesh cuts cash incentive for exporters further

From FY25 beginning today, the maximum rate of export incentive has been set at 10% and the minimum at 0.3%
1 July 2024

Move to get GI status for Sundarbans' honey finally gathers steam

Seven years after an application by the deputy commissioner of Bagerhat district, the Department of Patents, Designs and Trademarks (DPDT) has finally taken the initiative to register Sundarbans' honey as a GI (geographical identification) product.
30 June 2024

Payment period for raw material imports extended till Dec

The previously fixed 360-day usance period ended today
30 June 2024

High inflation, NPLs disrupting post-pandemic recovery: ICCB

The economy of Bangladesh has rebounded from the Covid-19 pandemic, but high inflation, a balance of payments deficit, financial sector vulnerabilities, and global economic uncertainty continue to hamper recovery, said Mahbubur Rahman, president of the International Chamber of Commerce Bangladesh (ICCB).
29 June 2024

World Bank approves $650 million to help Bangladesh develop Bay Terminal

The World Bank approved $650 million on Friday to help Bangladesh construct the breakwater of Bay Terminal, a mega expansion project of Chattogram port.
29 June 2024

Bangladesh’s GDP to grow 5.7% in FY25

Bangladesh's gross domestic product (GDP) growth will decrease to 5.7 percent in 2024-25 from 5.8 percent in the current fiscal year while inflation will ease to 8 percent, according to the Mastercard Economic Institute (MEI).
27 June 2024

RMG export to EU rises by 2% in 11 months

$21.64 billion worth of apparels were shipped to the European Union in the Jul-May period this fiscal year
26 June 2024

Kaus Mia: a role model in a nation where tax noncompliance is rife

The late successful businessman had been one of the highest taxpayers in Bangladesh since 2010-11
25 June 2024

Chinese company Alpen Banyan comes with highest ever investment proposal for Bepza EZ

The company will invest $108.99 million for a woven and knit garments factory
25 June 2024

Bangladesh’s external debt dips

It hit $99.30 billion in March, down from $100.64 billion in December last year
25 June 2024

Global jewellery machinery expo in Dhaka from Jul 4

Bangladesh Jeweller's Association will organise the three-day International Jewellery Machinery Exhibition Bangladesh 2024
24 June 2024

Bangladesh needs to overcome barriers to private investment

According to Bangladesh Business Climate Index 2024
23 June 2024