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Category Archives: National Economy

Bangladesh’s exports bounce back in Jan Bangladesh exports earned $3.31 billion in January, a 4 per cent rise from a year earlier, driven by a surge in shipments of garments, government data showed on Monday.  In December, exports fell 3 per cent from a year earlier. For July-January, the first seven months of the 2016-17 financial year, exports increased 4.4 per cent to $20 billion ... Read More »

Sovereign wealth fund endorsed The government has decided to float a ‘sovereign wealth fund’ to utilise the country’s foreign exchange reserve in development purpose.  The cabinet on Monday approved the proposal on the fund which would begin with $2 billion. In the next 10 years, the authorised capital of the fund would be raised to $10 billion, according to the decision. The finance ... Read More »

Asia-Pacific Business Forum begins in city Feb 8 A two-day Asia-Pacific Business Forum (APBF) begins in the city on February 8 to provide the best platform for regional public-private dialogue on the role and needs of business in achieving inclusive, resilient and sustainable development. President M Abdul Hamid is expected to inaugurate the two-day flagship regional business event on February 8 at the Sonargaon Hotel in the ... Read More »

Monetary policy may not spur pvt investment, growth: UO A private think-tank on Saturday cautioned that declining private sector credit growth resulting in stagnant investment and consequential unemployment may challenge efficacy of strategies of the just-announced monetary policy. “Without increasing quality, a mere target of growth in private sector credit at 16.5% for the second half of the current fiscal year may prove ineffective in boosting private investment ... Read More »

Savings certificates choke bond market The high interest rates on government savings certificates are deterring the development of a much-needed bond market and turning investors into savers in Bangladesh, experts said. Bangladesh Bank Governor Fazle Kabir also pointed out the matter while announcing the monetary policy on Sunday. Yet, there has been no action from the government to adjust the interest rate, for which ... Read More »

Muhith asks BB governor to explain Islami Bank reshuffle Finance minister AMA Muhith has asked the Bangladesh Bank governor to explain how massive reshuffle took place at the board of Islami Bank Bangladesh Limited (IBBL) without the bank’s foreign stakeholders knowing about it. Talking to journalists at the secretariat on Thursday, Muhith said, “It’s a matter of grave concern.” “I thought things were different. The immediate past president ... Read More »

Stocks slightly up with recovery on large-cap securities -Stocks were slightly up today with a trend of recovery as the major indices were found finishing upwards with marginal rise of large-cap securities. All the major sectors gained on the day, enabling price indices maintain position in green zone at the country’s twin stock exchanges. The broader DSEX of Dhaka Stock Exchange (DSE) finished the day 5.55 points ... Read More »

Bonanza in fridge & TV sales at Walton Pavilion in extended DITF

Economic Correspondent Bangladesh Export Promotion Bureau extended the period of month-long Dhaka International Trade Fair-2017 by more four days to February 4 from January 31. Huge crowds are seen at the stalls and pavilions of different products on the extension of the fair. Among those, Walton Mega Pavilion witnessed a bonanza in the sales of fridge, television and other home ... Read More »

Stock market falls dramatically after Bangladesh Bank warning The indexes in both the stock exchanges of the country have dropped sharply within hours of a warning sounded by the Bangladesh Bank in its monetary policy announcement.  The central bank has asked for close monitoring of the recent boom in the markets to avoid the boom-and-bust repeat in 2010. The DSEX, the main stock index for the Dhaka ... Read More »

Dhaka Int’l Trade Fair to continue until Feb 4 The ongoing Dhaka International Trade Fair will end on Feb 4 instead of Jan 31. The decision came from a meeting of the Export Promotion Bureau (EPB) on Monday that organises the month-long fair every year. Commerce Minister Tofail Ahmed told reporters after the meeting, “This time, the fair will continue for four more days to meet the demand ... Read More »