Trade & Business | Dhaka Diplomat

Bangladesh’s foreign exchange reserves now $23.57 billion as per IMF formula

Bangladesh Bank (BB) has finally accepted the formula prescribed by the International Monetary Fund (IMF) in calculating foreign exchange reserves that stood at $23.57 billion on Thursday. However, according to the Bangladesh Bank's calculations on Wednesday the reserve was $29.97 billion. One of the conditions for the IMF's $4.7 billion loan to Bangladesh was to release the reserve account by June as per a model called BPM-6.

Bangladesh’s foreign exchange reserves now $23.57 billion as per IMF formula

Commerce Minister urges businessmen / Make marginal profit in Ramadan

Commerce Minister Tipu Munshi on Wednesday urged businessmen to make marginal profit during Ramadan considering people’s sufferings. The minister advised the familiar people to cross-check and shop without stepping into

FBCCI Business Excellence Award Application Deadline Extended

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) is going to organize the Bangladesh Business Summit 2023 on March 11-23 on the occasion of its 50-year founding anniversary.

Asia-Pacific capital market regulators’ representatives to join Dhaka meeting

Accelerating the Trillion Dollar Journey

FBCCI, the apex trade organization of Bangladesh is going to host the ‘Bangladesh Business Summit 2023’ in March 11-13 this year at the Bangabandhu International Conference Center (BICC), Dhaka, as...

Many poultry farms close on rising costs

Enamul Haque Panna opened a poultry farm in Kushtia’s Daulatpur four years ago with 1,600 broiler chickens in two sheds. The good news for farmers is that chicken and egg...

FBCCI urges businesses to keep essentials' market stable during Ramadan

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) today urged the retailers, wholesale traders, and mill owners to keep the prices of commodities normal and ensure smooth supply...

Bangladesh starts manufacturing 3-wheelers

Bangladesh has entered the three-wheeler manufacturing industry as local company Runner Automobiles Plc launched the first ever locally made liquefied petroleum gas (LPG) and compressed natural gas (CNG) run vehicles...

Tipu for increasing usage of digital method in boosting revenue collection

Commerce Minister Tipu Munshi today underscored the need for increasing the usage of digital method competently to boost the revenue collection. “We’ve gained successes in collecting revenues since the National Board...

BB raises interest rate for loans from EDF

Bangladesh Bank (BB) has raised the interest rate on loans made from its Export Development Fund (EDF) by 50 percentage points. "It has been decided that interest rate on EDF loans...

BIDA plans to inspect 10,000 more factories

Prime Minister's Private Sector Industry and Investment Adviser Salman F Rahman today said Bangladesh Investment Development Authority (BIDA) has taken a plan to inspect 10,000 more factories across the country. "BIDA...