Economy

Food, transport, trade costs set to spike

Food, transport, trade costs set to spike

Food production, trade and transportation costs may increase further on fuel-price hike by Tk 15-20 per litre in Bangladesh amid an exigent global crunch.Bangladesh uses about 4.35 million tonnes of diesel annually, and around 24 per cent of it is used in agriculture. About 80 per cent of irrigatio

BB buys $60m from banks to maintain exchange rate stability

BB buys $60m from banks to maintain exchange rate stability

Bangladesh Bank (BB) purchased an additional US$60 million from commercial banks on Monday as part of its ongoing efforts to strengthen the country’s foreign exchange reserves. The dollars were acquired through an auction at a rate of Tk 122.75 per dollar. With this latest purchase, the cou

Remittance crosses $2b in first 19 days of April

Remittance crosses $2b in first 19 days of April

The positive trend in remittance inflows has continued into April, with Bangladeshi expatriates living in different countries sending US$2.12 billion in the first 19 days of April, according to the latest data from Bangladesh Bank. This marks a significant surge compared to the same period last ye

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