The timing could not be worse for the fiscal year to start with. 

Bangladesh’s trade deficit is projected to be $33 billion in the just-concluded fiscal year as export earnings and remittances continue to fall below the overall import cost, said Bangladesh Bank in its monetary policy for the next fiscal year.

Bangladesh’s export growth may witness a slowdown in the next fiscal year, said the central bank in its monetary policy unveiled yesterday. 

I had just come out of a meeting with my friend who is a prominent banker and this very interesting conversation ensued when I told him that I am keen to help family businesses in Bangladesh with my knowledge and experience.

A national budget of Tk 6,78,064 crore for fiscal year 2022-23 was passed in parliament yesterday. 

Bangladesh has enough cattle to meet the demand during the coming Eid-ul-Azha but buyers are likely to face higher prices for sacrificial animals.

Businesses have expressed discontent at Bangladesh Bank setting a private sector credit growth target of 14.1 per cent for 2022-23 that is lower than the just-concluded fiscal year. 

People can no longer operate e-commerce businesses in the country without having a digital business identification (DBID) number, which can be availed even without a trade license given that the entity has an official website or social media page, according to new guidelines in this regard.

Sri Lanka should stamp out corruption and substantially raise taxes to rescue its economy, the International Monetary Fund said Thursday after bailout talks with the bankrupt island nation.

Mango exports from Bangladesh touched a new high in the outgoing fiscal year thanks to increasing interest among growers and exporters to ship the juicy fruits abroad, official figures showed. 

Naogaon has joined the ranks of Rajshahi, Chapainawabganj and Dinajpur as a major export hub for mangoes with locally grown varieties of the fruit now making their way abroad after satisfying domestic demand.

Despite its push for financial inclusion, Bangladesh has remained one of the top seven countries with a sizeable part of the population unbanked, according to a Work Bank survey. 

Bangladesh Investment Development Authority (Bida) and the Institute of Chartered Accountants of Bangladesh (ICAB) have signed a memorandum of understanding recently, enabling Bida to use a document verification system of the ICAB to verifying the authenticity of audited financial statements of different entities. 

A 2006 model Range Rover attracted the highest bid of Tk 53 lakh at the Chattogram Custom House’s attempt to auction off 108 cars.

Bangladeshi company Texas Clothing Ltd is going to establish a garments factory in Uttara Export Processing Zone (EPZ) in the northwest district Nilphamari by investing $8.5 million.

There is no possibility of a salt crisis for leather processing in the upcoming peak season spanning three months after Eid-ul-Azha as the country has a sufficient amount in stock, according to industry people.

The World Bank yesterday approved a $1.03 billion financing to help improve regional trade in Bangladesh and Nepal by reducing trade and transport costs and transit time along the regional corridors.

People in Bangladesh are yet to make a habit of buying cattle online for Eid-ul-Azha as trips to the market, where they can choose and haggle over their preferred animal, are a part of the festivities.

There has been growing interest among farmers in Bangladesh at rearing and fattening bulls, encouraged by high domestic prices which enable making a profit alongside an Indian clampdown on illegal inflows of cattle.

Inflation in many countries has been brewing for quite some time due to production disruptions and supply chain issues related to the Covid-19 pandemic.