Traders face escalated risk of default once again
Traders face escalated risk of default once again

Industrial production has sharply declined, and export income has been severely disrupted, bringing business and trade to a near standstill. Multiple pressures, including political instability, have contributed to this economic downturn. Among these challenges, a key factor is the reduction in the...

Bangladesh's October exports grow 20.6%
Bangladesh's October exports grow 20.6%

The countrys export earnings in October saw a robust growth of 20.60% catching $4.13 billion, up by $0.71 billion compared to $3.42 billion of the same month on 2023. According to data released by the Export Promotion Bureau (EPB), in July-October exports grew by 10.8% to reach $15.79 billion,...

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...

Onion prices rise by Tk10-12
Onion prices rise by Tk10-12

Onion prices have surged again despite normal imports from India at the Hili land port in Dinajpur, rising by Tk10-12 per kilogram in just three days, reports Dhaka Tribune. This increase is attributed to decreased local supply and heightened demand for imported onions. Wholesalers and...

Drug smugglers thrive at Benapole as scanners remain dysfunctional
Drug smugglers thrive at Benapole as scanners remain dysfunctional

Drug-peddling rackets have become increasingly active at the countrys largest land port in Benapole, taking advantage of three non-functional scanning machines due to the indifference of the authorities concerned, reports UNB. The recovery of Phensedyl bottles and other drugs has recently...

Bangladesh expects to see export growth despite global trade shifts
Bangladesh expects to see export growth despite global trade shifts

Bangladesh expects substantial export growth although the Global trade dynamics have undergone significant shifts in recent years, reports UNB. A document of the Ministry of Finance expected the growth based on the projection of the World Trade Organization (WTO). Although global trade...

Bangladesh experienced 3.53% decrease as EU import drops 3.63%
Bangladesh experienced 3.53% decrease as EU import drops 3.63%

The European Unions apparel imports saw a 3.63% decline from January to August 2024 compared to the same period in 2023, reflecting a broader global trend of reduced apparel consumption. According to the latest data, total imports dropped from US$ 61.56 billion to US$ 59.32 billion....