Country’s apparel export to cross $100b by 2030

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

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