Dollar price dearer despite record remittance inflows
Dollar price dearer despite record remittance inflows

Despite record remittance inflows, the price of the US dollar remains high. The value of the dollar is still over the top in the kerb market. The price has risen further over the past week. In some places in the kerb market, the exchange rate stands at Tk 129 per dollar. Although remittance...

Recession not easing, raw material imports fall
Recession not easing, raw material imports fall

Countrys trade has ground to a halt as the raw material imports fell to $5.27 billion in November, a sharp decline from $5.6 billion in the same month last year. This marks a troubling sign for the economy, as a reduction in imports is expected to fuel inflation and push up commodity prices....

Dhaka Regency signs MoU with Crown Cement
Dhaka Regency signs MoU with Crown Cement

Dhaka Regency Hotel Resort has partnered with the Crown Cement PLC to offer exclusive benefits to its Dealers, Loyalty members associates. This landmark collaboration, formalized through an MoU signed in a ceremony held at the Dhaka Regency premises. Shahid Hamid FIH, Executive Managing...

Businesses are in limbo as cash crisis continues
Businesses are in limbo as cash crisis continues

Business owners are facing snags while withdrawing cash. Although the flow of cash has slightly improved recently, the crisis is far from over. Small and Medium Enterprises (SMEs) and individuals traveling abroad are particularly affected. Many have complained that they cannot withdraw large...

LC Margin for fertilizer imports relaxed
LC Margin for fertilizer imports relaxed

The import procedure for fertilizer has been streamlined to ensure a steady supply to farmers at the grassroots level. The Bangladesh Bank has relaxed the LC (letter of credit) margin for fertilizer imports, allowing LCs to be opened with a minimum margin, depending on the bank-customer...

Trump secures victory in North Carolina as Republicans gain control of the Senate
Trump secures victory in North Carolina as Republicans gain control of the Senate

Republican Donald Trump defeated Democrat Kamala Harris in the crucial battleground state of North Carolina, according to projections from Edison Research, bringing him closer to completing a remarkable political comeback. The race remained undecided in six other states, which were expected to...

Industrial production slumps amid investment crisis
Industrial production slumps amid investment crisis

The country is experiencing stagnant investment due to various issues, including high interest rates, instability in industrial zones and a power and energy crisis. This has stunted job creation, and industrial production has hit rock bottom. Amid the push to create extensive employment for...

Decline in LC opening and settlement
Decline in LC opening and settlement

In the latest quarterly report, Bangladesh Bank (BB) has revealed a decline in the opening and settlement of letters of credit (LCs) during the first quarter of the current financial year, spanning July to September. The report indicates that the total number of LCs opened fell by approximately 7...

Concern over December order
Concern over December order

Europe and America stand as Bangladeshs largest export markets, especially during the festive Christmas season when shoppers flock to branded stores for extensive sales. In this winter, eager customers rush to buy new clothing, and a significant number of apparel buyers look for Bangladeshi...