Bangladesh's trade deficit widened significantly during the first 10 months of the current fiscal year as import growth outpaced exports despite the fact that robust financial inflows helped keep the overall balance of payments (BoP) in surplus. The trade deficit rose to $22.2 billion during the J
Russian Foreign Minister Sergey Lavrov has said Russia will welcome Bangladesh as a candidate for the BRICS membership once the process resumes, stressing that advantages from the BRICS membership are obvious. "As for BRICS, the ten members currently comprising the group have agreed to put the adm
The central bank has found the Section 18(a) of the Bank Resolution Act, which provides for ownership return of the merged troubled banks not 'maintainable' and has recommended its deletion. Bangladesh Bank Governor Md Mostaqur Rahman expressed such view Monday as Editors' Council in a meeti
Bangladesh Bank (BB) on Monday launched a Tk 50 billion (Tk 5,000 crore) revolving refinance fund for the Cottage, Micro, Small and Medium Enterprise (CMSME) sector to ease working capital shortages, boost production and support employment generation. The central bank introduced the fund through a
Bangladesh’s overall economic activity accelerated in May as the Purchasing Managers’ Index (PMI) rose by 8.2 points to 62.8 from the previous month, indicating a faster pace of expansion across all major sectors of the economy. The latest Bangladesh PMI report, released on Monday by t
