Bangladesh, for the first time, is set to cross US$3.0 billion in remittance earnings in March, as $2.945 billion has already been fetched as of March 26. According to Bangladesh Bank sources, which compile figures from all banks, on the last banking day on Thursday (March 27), remittances will cr
In an executive order, US President Donald Trump has imposed a 37 per cent tariff on Bangladeshi products and others, sparking concerns among economists and apparel industry stakeholders. They fear this move will exert significant pressure on Bangladesh's economy, urging it to diversify its econom
The Chief Advisor’s Office says that the government is looking to review tariffs on US products after President Donald Trump announced a 37 percent tariff on Bangladeshi exports. In a Facebook post on Thursday, Shafiqul Alam, press secretary to the chief advisor, wrote: “Bangladesh is
The United States has imposed a 37 per cent reciprocal tariff on goods imported from Bangladesh. As part of a broader policy to adjust tariffs on products from various countries, US President Donald Trump announced the new tariff measure. Previously, Bangladeshi exports to the US faced an average
The country's home-textile exports bounced back in the current fiscal year after a continuous negative growth for the last two FYs, riding mainly on increased orders by global buyers. Bangladesh fetched US$577.99 million during July-February period of FY 2024-25, recording about 5.23 per cent grow
Bangladesh received US$18.49 billion in remittances during the first eight months of this fiscal year in a steady growth, with the United States topping the list of major contributors. As usual, Dhaka division, wherein lies the nation's capital, netted the largest share of the foreign-currency inf
Bangladesh will need to add Tk 570 billion to its tax-to-GDP ratio under one of updated conditions the IMF sets for releasing the remaining US$2.39 billion from its lending package. Officials say the International Monetary Fund (IMF) is set to revise the target for enhancing the country's tax-GDP
Bangladesh Bank has delivered positive news regarding the country’s foreign exchange reserves, as it surpassed $25 billion before the end of March, following a record inflow of remittances this month. According to data released by the central bank on Thursday, the country’s gross reser
The inter-bank call money rate remained almost stable on Thursday, the last working day before the Eid-ul-Fitr festival, as banks managed their funds efficiently with the help of the central bank. The weighted average rate (WAR) of call money rose to 10.01 per cent on the day from 9.85 per cent of
Bangladesh has set a new record in remittance earnings, reaching an all-time high of $2.749 billion in just 24 days of March, with two more banking days remaining. According to Bangladesh Bank data, which compiles figures from all banks, this is the highest-ever monthly remittance inflow through l
Bangladesh spent US$2.636 billion in debt servicing against principal and interest during July-February of this fiscal year at a rising rate that outpaces receipt, according to officials, affecting execution of aided projects. The foreign-aid inflow dropped as both commitment and disbursement ebbe
Finance Adviser Dr Salehuddin Ahmed said on Tuesday that he wanted digitalisation of the tax payment system to stop corruption in revenue collection. "We will digitalise the system so that taxpayers do not need to meet the tax collectors. They make underhand dealings whenever they meet face to fac
The sluggish execution of development projects has stalled the disbursement of foreign loans in Bangladesh. By the end of February, as in previous months, the government paid more in interest and principal than it had borrowed. Between July and February of the 2024-25 fiscal year, foreign funding
