Corporate

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…

Industry Desk: Bangladesh is acclaimed by many as a model economy among South Asian countries with a number of successful projects in the basket. Economic Times reporter for foreign affairs, Dipanjan Roy Chowdhury, highlighted the economic aspects of Bangladesh in an article “Bangladesh keeps economy stable notwithstanding geo-economic scenario” on…

Industry Desk: Japan’s top sourcing destinations include China (66% in 2021), Vietnam (16% in 2021). It is worth mentioning that Bangladesh is notably grown really fast and the country’s apparel exports to Japan doubled in the last decade. Bangladesh’s RMG exports to Japan crossed the $1 billion mark in FY…

Golam Mostafa Jibon: Despite different initiatives of the government, country’s rice market is not coming under control due to influential syndicate of the traders and millers.It is known that, government initiatives are not coming to effect. In the last few weeks, the prices of Miniket and Nazirsal rice have increased…

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…

Staff Correspondent: Chicken, fish and lentil prices increased further in less than a week while most of the consumers are yet to get edible oil at reduced rate.The price of broiler chickens which fell in the second week of July during Eid-ul-Azha festival showed an uptrend in this week. In…

Staff Correspondent: The apparel manufacturers of Dhaka recently started export of huge garment items through Mongla Port for the first time after opening of the Padma Bridge.A foreign ship ‘MAERSK NESNA’, belongs to Panama flag left the jetty No-8 of the country’s second largest seaport to Poland on Thursday morning,…

3D, 2D seismic project of BAPEX Tk 610 cr misappropriated Golam Mostafa Jibon: Allegation has intensified that “Bangladesh Petroleum Exploration and Production Company Limited” (BAPEX) has now turned into a den of corruption and irregularities due to continuous abusing of power by some unscrupulous and influential officials. As a result,…