Revenue deficit may be Tk 820b in current financial year: CPD

Considering the circumstances, CPD has advised to set three main objectives in preparing the next budget. First, to restore macroeconomic stability and protect disadvantaged populations; Secondly, to take initiative to increase revenue collection so that dependence on banks is reduced and it becomes possible to meet necessary expenditure from revenue income; And third, to prioritize […]

Trade with Myanmar halted through Teknaf port: No ships carrying goods from Myanmar are coming

Teknaf Paurashwa Panel Mayor Mujibur Rahman said 30-35 mortar shell explosions were heard in Keriprang and Perangpru villages, south of Mongdu township, between Wednesday evening and early Thursday morning, and hit the Jaliyapara, Chowdhurypara, Kulalpara and Delpara areas of Teknaf. Moved. Municipality. Bangladesh and Myanmar opened bilateral trade on 5 September 1995 to prevent border […]

India hikes duty on rice exports by 20%, onion exports halted: Impact on inflation and elections

However, the Indian government said that despite the overall ban on onion exports, kitchen items will be exported to six countries in limited quantities at the G2G (government to government) level. Although it is being said in media reports that the government has taken this decision due to the recommendations of the Foreign Ministry of […]

RMG Sector: $2.44 billion decline in US exports raises hopes of summer orders

Sheikh HM Mustafiz, managing director of Cute Dress Industries, informed Prothom Alo that purchase orders from the United States are increasing along with an increase in orders from Canada and South America. Last year, demand for readymade garments declined, leading to fewer purchase orders due to high stocks of goods in various US warehouses. However, […]

PM Hasina urges active pursuit of GI recognition certificates. Cabinet approves Gram Nyayalaya Act amendment. Amendment to Local Government Act

In another program during the day, the Prime Minister stressed on expansion of export markets and diversification of production. “To increase exports, there should be diversification of products as well as expansion of the market,” he said while leaders of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) paid a courtesy call on the Prime Minister […]

Government’s decision to cut export incentives raises concerns in Bangladesh

Exporters say the global economy is going through stress due to the coronavirus pandemic, followed by the Russia-Ukraine war and the Hamas-Israel war. Demand for various products including readymade garments has decreased. In these difficult times, the size of the Export Development Fund (EDF) was reduced last year. The cost of business is continuously increasing. […]