Bangladesh's apparel export will cross the $100-billion target by 2030, considering the potentials of the markets in Europe, the Uk, and the USA amid declining share of Chinese garments, experts have said. The global apparel market size will be around $1135 billion in 2030. During this period Bangladeshi apparel exporters expect
Author: Anisul Islam, UNB
Forex rate stable as BB tightens grip
Bangladesh Bank's move to curb foreign currency spending has resulted in stability in the market after a jump in hiking exchange rate over the last four months. Through several regulatory measures against some banks and money exchange houses, the volatile forex market is seemingly stable now. Banks' and kerb market's
RMG exports, remittances grow amid global crisis
Bangladesh is performing well in three important indicators of the economy amidst the global financial crisis. The latest data of different economic indicators show that despite the global crisis, Bangladesh is turning around in export of garment items. In the first five months of this calendar year, Bangladesh's garment exports to the
IMF loan to stabilize forex market, reserve
Bangladesh is expecting around USD $4.5 billion loan from the International Monetary Fund (IMF) as a precautionary measure and stabilising foreign exchange reserves. In the wake of a record $30.86 billion trade deficit, remittance inflow falling by 15.12 per cent and current account deficit of $17.23 billion in the recently concluded
Forex Reserve: Why worry about $40b if $10b looked good in 2010
Economists have expressed concern just after Bangladesh's foreign exchange reserves slipped below $40 billion, even though that should be capable of meeting three months import payments, based on imports for the immediate past fiscal. Such concern was not seen 12 years ago, when Bangladesh's forex reserves were only $10.60 billion in
Bangladesh loses $5 to 10bn in leather export
Price spiral offsets Eid festival of struggling general mass
Soaring inflation and higher price of commodities are forcing many middle and lower income people to cut the expenses on Eid-ul-Azha festival. According to maket observers a good number of middle class families are unlikely to buy sacrificial animals for qurbani this year as they can't afford the cost. Talking to UNB,
BB struggles to meet growing demand for USD
Bangladesh Bank (BB) is struggling to meet growing demand for the US dollar amid a sharp rise in post-pandemic economic activities. The number of credit bonds or LCs for importing goods is increasing unusually. In the first nine months of the current FY 22 (July-March), traders have opened LCs worth