Dhaka | Dhaka City | Bangladeshi News
Dhaka | Dhaka City | Bangladeshi News
Binayak Sen, director general of the Bangladesh Institute of Development Studies (BIDS), told Prothom Alo that he thinks it is necessary to reduce duties on essential goods to almost zero for at least a year, and there may also be some advance income tax. He said the government may take a closer look at the […]
After a lot of trials, tests and moves, Bangladesh Bank finally accepted the IMF's conditions and adopted a new foreign exchange system. The crawling peg is not completely market-based. The dollar will remain at a moderate rate, like currently 117 taka. The exchange rate will remain around this. It is not that this will solve […]
The regulatory body announced this decision by issuing a notification in this regard on Monday. As a result, if one now brings his old income back to the country, he will receive payment at the current dollar exchange rate of Tk 117.5. Although Bangladesh Bank has taken several initiatives to bring export earnings to the […]
prothom hello , We see that the value of the dollar is increasing. Now the government has used the crawling peg system to devalue the taka. Many people say that this should have been done earlier. What do you say? Can this creeping peg measure make any difference now? Zahid Hussain There are questions about […]
However, exporters said the exchange rate appreciation would benefit them more unless other costs of doing business increase as they would earn Tk 6-7 more per dollar and this would increase their competitiveness in global markets. In this regard, Syed Naseem Manzoor, managing director of leading leather goods exporting company Apex Footwear and former president […]
The entrepreneur said he closed his office in Niketan in the capital to reduce the cost of business operations and now runs his office at his factory in Rupganj, Narayanganj. He said that several years ago there were 25 paper cup manufacturing companies in the country, but currently, 4-5 factories are in operation while others […]
Currently, most of the cash is held by Dollar Eastern, Citi, BRAC, Dutch-Bangla, Prime, Pubali, Standard Chartered, HSBC, Islami and some other banks. In addition to USD, clients can open RFCD accounts for Pounds, Euros, Australian Dollars, Canadian Dollars and Singapore Dollars. Syed Mahbubur Rahman, managing director of Mutual Trust Bank (MTB), said that the […]
According to the capital markets regulatory body, BSEC, and financial reports of related companies, it is currently known that a total of Tk 2.2 billion of dividends are stuck in the country. These dividends belong to three multinational companies: Berger Paints Bangladesh, Marico Bangladesh, and Reckitt Benckiser Bangladesh. Among them, Berger’s has the highest amount […]
Bangladesh Bank has canceled the transfer of funds from normal banking channels to offshore units and asked banks to bring back the funds already transferred within the current year. In such a backdrop, banks can no longer use dollars borrowed from various foreign banks. The new system will allow them to deposit dollars with the […]
Banks are not able to provide dollars to repay the dues of foreign companies in the power and energy sector. Bangladesh had reserves of more than 48 billion US dollars, which has reduced to 25 billion US dollars. According to the International Monetary Fund (IMF) formula, the reserves are US$20 billion. Experts blame dependence on […]
Recent years have seen an increase in the prices of raw fish, leading to an increase in the price of dried fish. Traders and exporters said rising prices also affect dry fish exports. Traders of Asadganj said that many fishermen have given up fishing and started doing other work. Moreover, traders believe that selling of […]
Sirajul Islam, president of Bangladesh Fresh Fruits Importers Association, said, ‘The demand for dates is high during Ramzan. It takes about two months to import dates from countries like Algeria or Tunisia. But we cannot open the required LC right now. Plus we are paying a higher price for the dollar. “Additional duty has also […]
