Biz World

Situation improves over 50 pc Industry Desk: Country’s RMG exports to the United States in January-May of 2022 grew by 59.06 per cent to $4.11 billion from $2.56 billion in the same period of 2021, according to the US Department of Commerce’s Office of Textiles and Apparel data.After the Covid…

Signs 4 instruments Diplomatic Correspondent: Dhaka and Beijing yesterday signed four MoUs and agreements on different cooperation after visiting Chinese State Councilor and Foreign Minister Wang Yi held an hour-long bilateral meeting with his Bangladesh counterpart Dr AK Abdul Momen.Cooperation on infrastructure development, disaster management, cultural exchange and marine science…

Current account deficit also hits record $18.69 billion increasing pressure on foreign currency reserves Staff Correspondent: Bangladesh’s trade deficit has widened to record $33.24 billion in 2021-22 fiscal year as exports failed to match the huge import bills despite a rise.Current account deficit also hit a record $18.69 billion, rising…

Staff Correspondent: The government should take specific plans to identify exact areas in the sea with resources to tap the possibilities of the blue economy by attracting investors in this sector.Speakers came up with the remarks in a virtual discussion titled Opportunities in Blue Economy of Bangladesh organised by Chattogram…

Sustainable Development Staff Correspondent: State Minister for Planning Dr Shamsul Alam has proposed to establish a separate ministry for the blue economy or a separate division under the Ministry of Science and Technology.He emphasized on the contribution of the blue economy to Bangladesh’s future sustainable development endeavors.While speaking as the…

Reserve heist Industry Desk: A Philippines court has dismissed a defamation case filed by Rizal Commercial Banking Corp (RCBC) against Bangladesh Bank for linking it to the biggest cyber heist in the world.The Philippines court dismissed the case on June 30 and Bangladesh Bank received the documents on Wednesday, said…

Industry Desk: Bangladesh’s export income is likely to be affected by the increasing dominance of the US dollar over the Euro, forcing the European buyers to devalue their orders to cope with the recession, economists and exporters have said.A unit of US dollar was equal to 0.99 Euro on Wednesday,…

Khulna Bureau: Mongla port has set a record in car imports leaving Chittagong behind. In the fiscal year 2021-22, 20,608 vehicles have been imported through this port, which is the highest ever. On the other hand, 13,913 vehicles were imported to Chittagong port at the same time.According to the Mongla…

Staff Correspondent: The country’s export earning is going to hit the much-expected magic figure of $50 billion in the outgoing 2021-22 fiscal year propelled by better apparel shipment despite the Ukraine war.Total merchandise exports grew year-on-year 34.09 percent to nearly US$47.18 billion during the first 11 months from $35.18 billion…