Biz World
Biz World
Global Development Bank (GDB)
Forex reserve crosses $44 b
Industry Desk: Bangladesh’s forex reserves rose to $44.30 billion again after a month, thanks to growing inward remittance.The forex reserve fell to $43.89 billion on 6 March 2022 after paying import bills of $2.16 billion to Asian Clearing Union (ACU). It was the lowest forex reserves for Bangladesh in past…
Read More »US dollar rises to Tk86.20 in inter-bank currency market
Industry Desk: Bangladesh’s currency has depreciated against the US dollar due to rising import costs. The US dollar was sold at Tk86.20 in the inter-bank market yesterday, which was Tk86 on Tuesday.On 6 January, the price of per USD was Tk85.80.The crisis has arisen due to rising import costs and…
Read More »BD, US can work together to showcase effective climate actions: FM
He holds meeting with US climate envoy Kerry in Munich Dilpomatic Correspondent: Foreign Minister Dr AK Abdul Momen has said Bangladesh and the US can work together to realise several long-term, ambitious initiatives to showcase effective climate actions.He made the remarks following his meeting with US Special Presidential Envoy for…
Read More »Why foreigners don’t
like BD for investmentEnayet Karim: Bangladesh have inconsistent views on foreign investment. Many opportunities have created for the foreigners to invest in Bangladesh but the services providers are not cordial at all. However, the Bangladesh government has been conducting forums, roadshows and other activities to attract investment. The government has still failed to…
Read More »Global trade hits record high of $28.5 trillion in 2021 likely to be subdued in 2022
UNCTAD report International Desk: All major trading economies saw imports and exports rise above pre-pandemic levels in the fourth quarter of 2021, with trade in goods increasing more strongly in the developing world than in developed countries.United Nations Conference on Trade and Development (UNCTAD)’s Global Trade Update published on 17…
Read More »MetLife doesn’t register BD share market in 70 years
Takes back thousand crores of taka as profit to US – Doing business in BD since 1952– No capital brings to do business– Applied for remittaing Tk 1048 cr Staff Correspondent: Foreign life insurer-MetLife has offload shares nor domesticated operations in Bangladesh during last 70 years. Rather the company has…
Read More »Gold prices hike in local market
Staff Correspondent: The price of all types of gold in the country’s market has increased by Tk 1,866 per bhori. From now on, the price of 22-carat bhori will be 74,999.The new price of ornaments made by gold will be effective from today.The new price of gold was informed to…
Read More »Remittance inflow sees 5pc growth in January
Staff Correspondent:The rising trend of remittance continued in January with a nearly 5% growth over the earnings of December 2021.Remittances sent by expatriates increased by about $74 million compared to December, by around 4.52%. A report from Bangladesh Bank published yesterday contained the information.Expatriates sent $1.70 billion in remittances in…
Read More »Bangladesh to showcase Nakshikantha, Jamdani, jute goods at IITF in New Delhi
Industry Desk: Different Bangladeshi products, especially the country’s traditional Nakshikantha, Jamdani Saree, Dhakai Moslin Saree, jute and wood carving crafts, would be displayed in the 40th India International Trade Fair (IITF)-2021 beginning tomorrow in New Delhi.The fair is being held from November 14-27 at the revamped exhibition halls at Pragati…
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Hotels to be converted for Covid hospitals
Hospitals overwhelmed Staff Correspondent: The government is going to rent hotels for providing treatment …
