The country’s trade deficit soared to $7.34 billion in the first 10 months of the current financial year because of a slower growth in export earning. The trade deficit in July-April of FY 2011-12 was 9.87 per cent higher than that of the same period of the previous financial year...Full story
Bangladesh’s export to turkey has reduced by 20 per cent in the first 10 months of the current fiscal year, mainly because of the 17 per cent safeguard duty imposed by the European country on Bangladeshi readymade garments.Full story
Bringing down the inflation to 7.5 per cent will be a major challenge for the government in the financial year of 2012-2013 as it will have to increase the prices of fuel oil and power as per IMF prescription, economists said on...Full story
The Dhaka and the Chittagong stock exchanges on Saturday said the government’s high bank borrowing target proposed in the budget for the next financial year might put a negative impact on the capital market.
Although the government announced a number...Full story
The government has decided to import eggs and day-old chicks ahead of the Ramadan to contain the spiralling prices and meet the protein demand.
The imported eggs and chickens would reach the country before the Ramadan...Full story
The Dhaka Stock Exchange will launch today its web-based trading system which will enable investors to place buy or sell orders directly via internet.
The Securities and Exchange Commission chairman M Khairul Hossain will...Full story
United Airways (BD) Limited, the country’s one of the private airlines, will restart flying on Chittagong–Kolkata route from June 18 to carry passengers from Hazrat Shah Amanat International Airport, Chittagong.Full story
After five weeks in a slump, US investors turned their backs on more worrisome news from Europe and poor US economic data to deliver the markets their best week so far this year. With Spain’s banking sector plunging into crisis mode...Full story
China’s inflation dipped to a two-year low in May while economic activity remained weak, reinforcing expectation that further policy easing could be in the pipeline to head off a sharper slowdown in the world’s second-largest economy.
The spate of data released by the National...Full story
The eurozone’s senior finance minister urged a rapid resolution of Spain’s debt crisis on Saturday before a meeting where he led discussions on a bailout of the country’s teetering banks. Several EU sources told Reuters on Friday that Madrid was expected to ask the currency bloc...Full story
The trade deficit narrowed in April as slower growth in Europe and China bit into exports and the soft economy clipped import demand, a government report showed on Friday. The trade gap shrank 4.9 per cent to $50.1 billion...Full story
The World Trade Organisation on Friday ruled in China’s favour after Beijing contested anti-dumping measures imposed by the US on imports of frozen Chinese shrimp. The WTO’s Dispute Settlement Body found that Washington...Full story