Billion-dollar earnings expected from agricultural exports
Billion-dollar earnings expected from agricultural exports

Following a decline in the past two years, exports of agricultural and food products have picked up pace. Consequently, agricultural export earnings are expected to hit the billion-dollar mark by the end of the 2024-25 fiscal year. This positive outlook comes from industry stakeholders after...

Forex market gets volatile again
Forex market gets volatile again

The countrys economy has struggled with an inconsistent dollar rate for almost two years. Although the economy saw some stability in between, the price of the greenback is becoming volatile once again. After the government announced an increase in the currencys price, the kerb market became...

6 key drivers behind dollar price volatility in Bangladesh
6 key drivers behind dollar price volatility in Bangladesh

Bangladeshs foreign exchange market faces significant volatility, driven by six critical factors identified by Bangladesh Bank. Spokesperson and Executive Director Husne Ara Shikha outlined these challenges on Monday, highlighting the year-end surge in dollar demand due to December loan repayment...

Dollar market in turmoil as Bangladesh Bank considers new system
Dollar market in turmoil as Bangladesh Bank considers new system

The Bangladeshs dollar market is once again in turmoil, with the price of the US dollar surging by Tk7-8 within the past week, reaching Tk128-129. Just seven days earlier, the rate had been Tk121-122, signaling a return of volatility after five months of relative calm. This surge is causing...

Rupee hits record low for sixth day amid rising dollar demand
Rupee hits record low for sixth day amid rising dollar demand

The Indian rupee weakened to its all-time low for the sixth consecutive trading session on Tuesday as a rise in US bond yields boosted the dollar and strong demand for the greenback from importers added to the lingering pressure on the local currency. The rupee declined to 85.2075 against the US...

Industries struggling under the weight of prolonged crisis
Industries struggling under the weight of prolonged crisis

Big industrial conglomerates of the country are finding it increasingly difficult to get by amid repeated hits to business activities over the last couple of years. Huge bank loans, dollar shortage, growing energy scarcity despite rising fuel costs, rising wages, and other factors have...

Italian village offers $1 homes to Americans disillusioned by US election results
Italian village offers $1 homes to Americans disillusioned by US election results

As the world grapples with the prospect of Donald Trumps presidential re-election, a village on the Italian island of Sardinia has seen an opportunity. Ollolai, like many rural areas in Italy, has been struggling with decades of depopulation and has been actively trying to attract outsiders to...

Country receives US$ 7 billion remittance in 3 months
Country receives US$ 7 billion remittance in 3 months

Bangladesh has received remittance of over US$ 7 billion from expatriate citizens in the last three months, official data showed, reports BSS. Bangladeshi expatriates sent US$ 7.02 billion remittance to the country in the last three months, said a progress report on the works of different...

Equities fluctuate, bitcoin hits record as traders weigh Trump 2.0
Equities fluctuate, bitcoin hits record as traders weigh Trump 2.0

Asian equities saw a swing on Thursday, while the dollar held gains and bitcoin triumph a fresh record as markets tried to determine the consequences of a second Donald Trump presidency after he pledged to cut taxes and ramp up tariffs with an eye on China. The so-called Trump Trade went into...

Dollar, bitcoin soars in Asian markets as US results proceed
Dollar, bitcoin soars in Asian markets as US results proceed

Most Asian markets rose with the dollar and bitcoin on Wednesday as traders await the outcome of the knife-edge US presidential election, with bets increasing on a Donald Trump victory as early results rolled in. The Republican candidate and his Democratic opponent Kamala Harris have picked up...

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...