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Bangladesh`s October foreign reserves fall below 20 billion USD Bangladesh's foreign exchange reserves fell below 20 billion US dollars by the end of October 2024, the latest Central Bank data showed.  The Bangladesh Bank data showed the country's foreign exchange reserves stood at 19,844 million dollars on October 31, according to the International Monetary Fund (IMF) calculation method. After the payment of the Asian Clearing Union, an arrangement for settling payments for intra-regional transactions among its members last week, the c...
Bangladesh`s October foreign reserves fall below 20 billion USD
Bangladesh`s October foreign reserves fall below 20 billion USD
Source: IANS
2024-11-16 09:22:48 am
In a first, Nepal`s power will now reach Bangladesh via Indian grid  Union Minister for Power, Manohar Lal on Friday jointly inaugurated the flow of power from Nepal to Bangladesh through the Indian grid along with Md. Fouzul Kabir Khan, Advisor, Ministry of Power, Bangladesh and Dipak Khadka, Nepal’s Minister of Energy, in a virtual event hosted by Nepal's Ministry of Energy, Water Resources and Irrigation. This historic occasion marks the first trilateral power transaction which has been carried out through the Indian grid. The start of th...
In a first, Nepal`s power will now reach Bangladesh via Indian grid
In a first, Nepal`s power will now reach Bangladesh via Indian grid
Source: IANS
2024-11-16 08:51:02 am
Bangladesh: Trade fair held in Dhaka, provides one-stop platform to businesses  An international trade fair has been held in the Bangladeshi capital Dhaka to help companies from the region showcase products and services, build networks, understand industry trends and foster international trade relations.   The trade fair, which is being held in Dhaka, will end on November 23. It has offered businesses from the region and beyond a one-stop platform. A total of 288 stalls have been set up at the fair, reports Xinhua news agency. The exhibition showcase...
Bangladesh: Trade fair held in Dhaka, provides one-stop platform to businesses
Bangladesh: Trade fair held in Dhaka, provides one-stop platform to businesses
Source: IANS
2024-11-12 05:02:39 pm
Bangladesh earns nearly $16 billion in exports in 4 months of current fiscal year  Bangladesh exported goods worth $4.13 billion in October, which was more than 20 per cent higher than the same month a year ago, according to the latest official data.  Of the total earnings, the Export Promotion Bureau (EPB) data on Sunday showed the country's income from ready-made knitwear and woven garment items surged over 22 per cent to 3.3 billion dollars during the cited period, reports Xinhua news agency. The EPB data showed that Bangladesh's total exports in...
Bangladesh earns nearly $16 billion in exports in 4 months of current fiscal year
Bangladesh earns nearly $16 billion in exports in 4 months of current fiscal year
Source: IANS
2024-11-12 08:54:55 am
World Bank trims Bangladesh growth outlook to 4 per cent in fiscal 2024-25 The World Bank has lowered its 2024-25 fiscal year (July 2024-June 2025) economic growth outlook for Bangladesh mainly due to the South Asian country's political instability.  The global lender in a report titled "South Asia Development Update for October 2024" released on Thursday has forecast a 4 percent growth for Bangladesh's gross domestic product (GDP) in the current fiscal year -- down from 5.2 per cent forecast earlier. This major reduction in growth comes...
World Bank trims Bangladesh growth outlook to 4 per cent in fiscal 2024-25
World Bank trims Bangladesh growth outlook to 4 per cent in fiscal 2024-25
Source: IANS
2024-10-12 10:42:24 am
Bangladesh likely to keep power deal with India’s Adani, sources say Bangladesh is likely to set aside pricing concerns and retain a power purchase pact with India’s Adani Power, in the face of supply worries and gloomy prospects for a legal challenge, two sources with direct knowledge of the matter said. The new government has set up a panel to gauge whether its predecessor's contracts adequately protected the nation's interests, particularly projects faulted for lack of transparency that were initiated under a special expediting law. One ...
Bangladesh likely to keep power deal with India’s Adani, sources say
Bangladesh likely to keep power deal with India’s Adani, sources say
Source: Reuters
2024-10-11 11:09:54 am
India, Nepal, Bangladesh ink pact to facilitate cross-border electricity trade In the first such cross-border energy trade pact, a long-awaited tripartite power sales agreement (PSA) among India, Nepal and Bangladesh was signed on Thursday here.  As part of the tripartite agreement, Nepal will export 40 MW electricity to Bangladesh via the Indian grid in the first phase -- from June 15 to November 15. India will make arrangements to supply electricity from Nepal to Bangladesh, it was announced during the meeting. The tripartite PSA was signed between the N...
India, Nepal, Bangladesh ink pact to facilitate cross-border electricity trade
India, Nepal, Bangladesh ink pact to facilitate cross-border electricity trade
Source: IANS
2024-10-04 09:03:25 am
Recent Bangladesh crisis won`t have significant impact on India Inc Recent developments in Bangladesh haven’t had a significant impact on India’s trade and going forward, the effect will vary based on industry and sector-specific nuances and exposure, a report showed on Tuesday.  A Crisil Ratings report said it does not foresee any near-term impact on the credit quality of India Inc too. However, a prolonged disruption can affect the revenue profiles and working capital cycles of some export-oriented industries for which, Bangladesh is ...
Recent Bangladesh crisis won`t have significant impact on India Inc
Recent Bangladesh crisis won`t have significant impact on India Inc
Source: IANS
2024-09-17 01:43:31 pm
Bangladesh slashes duties on vegetable imports Bangladesh's tax collection body, the National Board of Revenue, has reduced taxes on imports of onion and potato to rein in soaring prices of essential kitchen items.  The board has waived the 5 per cent regulatory duty on onion imports and reduced customs duty on potato imports from 25 per cent to 15 per cent, the tax authority said in a statement on Thursday, Xinhua news agency reported. Apart from this, the board has reduced tariffs on pesticide imports from 25 per cent to ...
Bangladesh slashes duties on vegetable imports
Bangladesh slashes duties on vegetable imports
Source: IANS
2024-09-06 10:46:39 am
Adani Power says it is committed to supplying electricity to Bangladesh  Adani Power said on Thursday it was committed to supplying electricity to Bangladesh, saying a recent amendment to power export rules does not affect its existing contract. The amendment by the government facilitates connectivity to the Indian grid but does not impose any obligation on India to buy electricity, Adani Power said in a statement. "Adani Power is committed to fulfil contractual obligations as per Bangladesh Power Development Board's demand schedule and provis...
Adani Power says it is committed to supplying electricity to Bangladesh
Adani Power says it is committed to supplying electricity to Bangladesh
Source: Reuters
2024-08-15 02:01:55 pm
Bangladesh inflation soars to 13-year high of 11.66 pc in July Inflation in Bangladesh accelerated to 11.66 per cent in July, the highest in 13 years, mainly driven by higher food prices, the Bangladesh Bureau of Statistics (BBS) announced.    Data showed that it was 9.72 per cent in June. Food inflation soared 14.10 per cent in July, the highest in at least a decade. In June, according to BSS, as announced on Monday, food inflation was 10.42 per cent. Non-food items inflation also increased to 9.68 per cent in July from 9.15 per cent in...
Bangladesh inflation soars to 13-year high of 11.66 pc in July
Bangladesh inflation soars to 13-year high of 11.66 pc in July
Source: IANS
2024-08-13 02:41:48 pm
Rajasthan garment exporters hope big amid crisis in Bangladesh With trade and industry in Bangladesh getting hugely affected by the political turmoil in the neighbouring country following the resignation of Sheikh Hasina as the Prime Minister on Monday, the readymade exporters in Rajasthan are expecting a 20 per cent increase in Christmas orders for readymade garments.  The reason is that international garment buyers have started contacting Indian exporters amid the tense situation in Bangladesh, bringing a ray of hope for the garment exporters o...
Rajasthan garment exporters hope big amid crisis in Bangladesh
Rajasthan garment exporters hope big amid crisis in Bangladesh
Source: IANS
2024-08-09 09:42:02 am
Marico slips amid concerns of business being affected due to Bangladesh political crisis Marico is trading under pressure amid cautiousness as its business being affected due to ongoing political crisis in Bangladesh. The company’s Bangladesh revenue share in international business stands around 48% of the revenue in FY23. Within the International business, Bangladesh registered 10% CCG (constant currency growth) as the business stayed resilient and sustained its momentum. Marico is currently trading at Rs. 644.75, down by 27.65 points or 4.11% from its previous closing ...
Marico slips amid concerns of business being affected due to Bangladesh political crisis
Marico slips amid concerns of business being affected due to Bangladesh political crisis
Source: Accord Fintech
2024-08-06 12:54:23 pm
Bangladesh explores possibility of handling EXIM cargo via Kolkata A 13-member delegation from Bangladesh completed a four-day tour of the Syama Prasad Mookerjee Port (SMP) in Kolkata on Friday.  The delegation, led by S M Mostafa Kamal, Joint Secretary, Ministry of Shipping, Bangladesh, was here to explore the possibility of transhipment of EXIM cargo from and to their country through ports located along the eastern coast of India.  SMP Kolkata has already held successful trials for the movement of cargo - both containers and dry bulk - to B...
Bangladesh explores possibility of handling EXIM cargo via Kolkata
Bangladesh explores possibility of handling EXIM cargo via Kolkata
Source: IANS
2024-07-13 09:35:25 am
Bangladesh passes 68 billion USD budget for next fiscal year The Bangladesh parliament on Sunday passed a record 7.97-trillion-Taka (68 billion US dollars) national budget for the 2024-25 fiscal year (July 2024-June 2025). Finance Minister Abul Hassan Mahmood Ali placed before the parliament the annual budget of Prime Minister Sheikh Hasina's government. Unanimously by voice vote, the parliament passed the budget on the last working day of the current 2023-24 financial year with some adjustments, reports Xinhua news agency. The inflation r...
Bangladesh passes 68 billion USD budget for next fiscal year
Bangladesh passes 68 billion USD budget for next fiscal year
Source: IANS
2024-07-01 10:12:12 am
World Bank approves $650 mn to help Bangladesh develop Bay Terminal The World Bank approved $650 million to help Bangladesh invest in infrastructure critical for developing the Bay Terminal deep seaport, a mega project in the country's southeastern Chattogram region.  The Bay Terminal would significantly improve Bangladesh's global trade competitiveness and reduce import and export costs by increasing port operational efficiency and mobilising private investment, said the lender on Friday. The government has planned to develop two container...
World Bank approves $650 mn to help Bangladesh develop Bay Terminal
World Bank approves $650 mn to help Bangladesh develop Bay Terminal
Source: IANS
2024-06-30 12:44:43 pm
Bangladesh to receive $900 mn World Bank financing for sustainable growth The World Bank's Board of Executive Directors has approved two projects totalling $900 million to help Bangladesh strengthen fiscal and financial sector policies and improve urban infrastructure and management to ensure sustainable and climate-resilient growth.  "Decisive reforms will help Bangladesh sustain growth and strengthen resilience to climate change and other shocks," Abdoulaye Seck, World Bank country director for Bangladesh and Bhutan, was quoted as saying in ...
Bangladesh to receive $900 mn World Bank financing for sustainable growth
Bangladesh to receive $900 mn World Bank financing for sustainable growth
Source: IANS
2024-06-22 05:25:43 pm
Government allows export of onion to Bangladesh, UAE with riders The government has allowed the export of 64,400 tonnes of onion to the UAE and Bangladesh through the National Cooperative Exports Ltd (NCEL), according to notifications issued by the Directorate General of Foreign Trade (DGFT). The export of 50,000 tonnes of onion is being allowed for Bangladesh, while another 14,400 tonnes are being permitted for dispatch to the UAE. The notification states that the modalities for the exports to Bangladesh will be worked out by the NCEL in consultatio...
Government allows export of onion to Bangladesh, UAE with riders
Government allows export of onion to Bangladesh, UAE with riders
Source: Ians
2024-03-04 01:36:22 pm
India is Bangladesh`s largest export destination in Asia: Indian High Commissioner Indian High Commissioner to Bangladesh Pranay Verma said New Delhi was today Dhaka's largest export destination in Asia, and hoped that better connectivity links and new measures like trade in Indian Rupee will further enhance exports to India. Verma's remark came after Shipping Minister Khalid Mahmud Chowdhury inaugurated the Sultanganj port on Monday, establishing naval connectivity between Bangladesh's Rajshahi and India's Murshidabad. "With our contiguous geogra...
India is Bangladesh`s largest export destination in Asia: Indian High Commissioner
India is Bangladesh`s largest export destination in Asia: Indian High Commissioner
Source: IANS
2024-02-13 01:38:16 pm
India rates spring to record highs on dwindling supplies, firm demand Rates of parboiled rice exported from top hub India advanced to record highs this week on limited supplies and steady demand from Asian and African buyers, while prices eased in Vietnam and Thailand. India's 5% broken parboiled variety was quoted at record $533-$542 per ton this week, up from last week’s $525-$535. "Supplies in the market are limited since the government's paddy buying is leaving little for private players. Additionally, rice milling of the new season...
India rates spring to record highs on dwindling supplies, firm demand
India rates spring to record highs on dwindling supplies, firm demand
Source: Reuters
2024-01-25 05:22:16 pm
India-Bangladesh relationship is built on a very strong foundation: Bangladesh Foreign Secretary Lauding its bilateral ties with India, Bangladesh Foreign Secretary Masud Bin Momen on January 06 said that the relations between the two countries is built on a very strong foundation starting from 1971 and the sacrifices of Indian soldiers. Speaking to ANI, he said, “The India-Bangladesh relationship is built on a very strong foundation starting from 1971 and the sacrifices of Indian soldiers. Over the years these relations have moved from strength to strength. Recently at so many lev...
India-Bangladesh relationship is built on a very strong foundation: Bangladesh Foreign Secretary
India-Bangladesh relationship is built on a very strong foundation: Bangladesh Foreign Secretary
Source:
2024-01-06 04:06:41 pm
India`s cashew nuts head for US, Bangladesh, Qatar as new markets open The Agricultural and Processed Food Products Development Authority (APEDA), an organisation under the Ministry of Commerce, played an instrumental role in flagging off cashew nut shipments to the US, Bangladesh, Qatar and Malaysia to mark National Cashew Day on November 23. Bangladesh will be receiving its first-ever shipment of cashew nuts all the way from Odisha. After Cote d'Ivoire, India is the second largest producer and exporter of cashew nuts with a share of more than 15 per ...
India`s cashew nuts head for US, Bangladesh, Qatar as new markets open
India`s cashew nuts head for US, Bangladesh, Qatar as new markets open
Source: IANS
2023-11-25 10:19:08 am
PM Narendra Modi-Sheikh Hasina likely to virtually inaugurate two railway projects, mega power plant Prime Minister Narendra Modi and his Bangladesh counterpart Sheikh Hasina are likely to jointly inaugurate two railway projects and a mega power plant on November 1, officials said here on Sunday. A government official said that Modi and Hasina is likely jointly virtually inaugurate the 1320 MW generation capacity Maitree Super Thermal Power project at Rampal in Bangladesh’s Khulna division, 15.064 km long Akhaura (Bangladesh)-Agartala (Tripura, India) rail link project, 86.87 km lon...
PM Narendra Modi-Sheikh Hasina likely to virtually inaugurate two railway projects, mega power plant
PM Narendra Modi-Sheikh Hasina likely to virtually inaugurate two railway projects, mega power plant
Source: IANS
2023-10-30 01:02:30 pm
ADB provides 106 mn for water management, agricultural productivity in Bangladesh The Asian Development Bank (ADB) and the Bangladesh government on Sunday signed a loan agreement for 106 million US dollars to improve water resources management and agricultural productivity in the South Asian country. An agreement for a grant of 17.80 million US dollars from the government of the Netherlands was also signed, Xinhua news agency reported. ADB said it will administer the grant, which will finance innovative pilot works and consulting services focusing on innovation. &...
ADB provides 106 mn for water management, agricultural productivity in Bangladesh
ADB provides 106 mn for water management, agricultural productivity in Bangladesh
Source: IANS
2023-10-29 06:03:13 pm
Men`s ODI WC: Shakib back for Bangladesh as South Africa elect to bat South Africa won the toss and elected to bat first against Bangladesh in their ICC Men's Cricket World Cup match at the Wankhede Stadium on Tuesday.South Africa's skipper Temba Bavuma continued to be indisposed while Bangladesh skipper Shakib Al Hasan recovered from the left quad injury he suffered during the match against New Zealand.Aiden Markram, who led the squad against England too, said they will try to approach this match too like that one and put up a big score. South Africa made...
Men`s ODI WC: Shakib back for Bangladesh as South Africa elect to bat
Men`s ODI WC: Shakib back for Bangladesh as South Africa elect to bat
Source: IANS
2023-10-24 05:58:47 pm
HP appoints Apple executive Ipsita Dasgupta as SVP, MD for India market PC and printer major HP on Friday announced the appointment of Ipsita Dasgupta as the Senior Vice President (SVP) and Managing Director of the company's India market.Joining HP on October 30 and reporting to David McQuarrie, HP Chief Commercial Officer, she will lead all aspects of HP?s strategy and profit and loss (P&L) in India, Bangladesh, and Sri Lanka.Gurpreet Singh Brar, who was officiating as interim MD for HP since November last year, will move to a new role of Vice President, Inn...
HP appoints Apple executive Ipsita Dasgupta as SVP, MD for India market
HP appoints Apple executive Ipsita Dasgupta as SVP, MD for India market
Source: IANS
2023-10-20 12:09:33 pm
Indian government stepped up investment for fisheries sector since 2015: Parshottam Rupala Union Minister for Fisheries Parshottam Rupala on Tuesday said the government has stepped up its investment for the fisheries sector since 2015 and the fish production has increased manifold.Inaugurating the International Conclave on Mainstreaming Climate Change into International Fisheries Governance and Strengthening of Fisheries Management Measures in the Indo-Pacific Region here, Rupala said climate change will impact agriculture, fisheries and food security.Organised by the Food and Agri...
Indian government stepped up investment for fisheries sector since 2015: Parshottam Rupala
Indian government stepped up investment for fisheries sector since 2015: Parshottam Rupala
Source: IANS
2023-10-18 09:23:32 am
Aggressive marketing strategy to help tap $112 billion export potential in 10 countries in three years: FIEO Federation of Indian Export Organisations (FIEO) in its latest study has said that aggressive marketing strategy including support from the government can help Indian businesses tap $112 billion export potential in ten countries like the US and UK in three years. It said that to tap this potential, a proper strategy is required.FIEO suggested the government to formulate a scheme to support participation of domestic industry in exhibitions, buyers-sellers meet, and roadshows in important citie...
Aggressive marketing strategy to help tap $112 billion export potential in 10 countries in three years: FIEO
Aggressive marketing strategy to help tap $112 billion export potential in 10 countries in three years: FIEO
Source: Accord Fintech
2023-10-12 02:47:48 pm
Men`s ODI WC: Hip niggle could force Ben Stokes to miss tournament opener against New Zealand, says Buttler A hip niggle has meant that talismanic all-rounder Ben Stokes is in doubt to miss England?s opening match of 2023 Men?s ODI World Cup against New Zealand in Ahmedabad on Thursday, said captain Jos Buttler.Stokes, the Player of the Match in the 2019 final between the teams playing Thursday?s tournament opener, came out of ODI retirement in August to play for England in their title defence. After smashing a fine 182 against New Zealand, Stokes hasn?t played competitively, and even missed Englan...
Men`s ODI WC: Hip niggle could force Ben Stokes to miss tournament opener against New Zealand, says Buttler
Men`s ODI WC: Hip niggle could force Ben Stokes to miss tournament opener against New Zealand, says Buttler
Source: IANS
2023-10-04 06:03:07 pm
Asian Games: Indian men`s hockey team beats Bangladesh 12-0 to top Pool A, confirms semifinal berth The Indian men's hockey team on Monday qualified for the semifinal round of the 19th Asian Games Hangzhou 2022, with a 12-0 win over Bangladesh.With five wins in all their five Pool stage matches, India ended the Pool stage as table toppers. Harmanpreet Singh (2', 4', 32'), and Mandeep Singh (18', 24', 46) scored hat-tricks each, while Abhishek (41', 57) scored a brace for India. Lalit Kumar Upadhyay (23'), Amit Rohidas (28'), Nilakanta Sharma (47'), and Gurjant Singh (56') also scored a goal...
Asian Games: Indian men`s hockey team beats Bangladesh 12-0 to top Pool A, confirms semifinal berth
Asian Games: Indian men`s hockey team beats Bangladesh 12-0 to top Pool A, confirms semifinal berth
Source: IANS
2023-10-02 04:19:09 pm
Seven countries in the Caribbean confirmed as hosts for 2024 Men`s T20 World Cup The International Cricket Council (ICC) announced on Friday that Antigua & Barbuda, Barbados, Dominica, Guyana, Saint Lucia, St. Vincent and the Grenadines, and Trinidad & Tobago will be the hosts for the matches to be played in the West Indies for the next year?s Men?s T20 World Cup.The announcement comes two days after Grand Prairie Stadium in Dallas, Broward County in Lauderhill, Florida and Nassau County in New York were confirmed to be the venues in the United States of America (...
Seven countries in the Caribbean confirmed as hosts for 2024 Men`s T20 World Cup
Seven countries in the Caribbean confirmed as hosts for 2024 Men`s T20 World Cup
Source: IANS
2023-09-23 10:30:53 am
Asia Cup: Pretty happy to get three wickets in game against Bangladesh, says Shardul Thakur In the Super Four match of the Asia Cup against Bangladesh, Shardul Thakur got to bowl 10 overs and was the standout bowler for India with 3-65, striking twice in the Power-Play and then ending a 101-run partnership by taking out captain Shakib Al Hasan.In ODIs in 2023, Shardul has taken 19 wickets in 11 games at an economy rate of 5.92. ?Pretty happy to get three wickets in this game (against Bangladesh). Against Pakistan, I wasn't doing too great with a bit of fever and carrying that s...
Asia Cup: Pretty happy to get three wickets in game against Bangladesh, says Shardul Thakur
Asia Cup: Pretty happy to get three wickets in game against Bangladesh, says Shardul Thakur
Source: IANS
2023-09-16 09:31:52am
Bangladesh`s inflation surges to 9.92% in August amid soaring food costs Bangladesh's inflation leaped to 9.92 per cent in August, from 9.69 per cent the previous month, driven by higher food prices, the country's statistics agency reported Sunday.The Bangladesh Bureau of Statistics (BBS) data showed that food inflation increased to 12.54 per cent in August from 9.76 per cent in the previous month, Xinhua news agency reported.Non-food items inflation eased to 7.95 per cent in August from 9.47 per cent in July, the data showed.Inflation in Bangl...
Bangladesh`s inflation surges to 9.92% in August amid soaring food costs
Bangladesh`s inflation surges to 9.92% in August amid soaring food costs
Source: IANS
2023-09-10 05:38:10pm