Amid multi-faceted economic challenges, Bangladesh's imports dropped 18.19 percent year on year to 33.68 billion U.S. dollars in the first half of the 2023-24 fiscal year from July 2023 to June 2024. According to latest statistics of the Bangladesh Bank (BB), the settlement of letters of credit (LCs), generally known as
Tag: Bangladesh
Bangladesh’s imports drop over 18 pct in H1 of fiscal 2023-24
Amid multi-faceted economic challenges, Bangladesh's imports dropped 18.19 percent year on year to 33.68 billion U.S. dollars in the first half of the 2023-24 fiscal year from July 2023 to June 2024.According to latest statistics of the Bangladesh Bank (BB), the settlement of letters of credit (LCs), generally known
Kloth Studio partners with Shark Tank Bangladesh
Kloth Studio Inc, a prestigious designer, and supplier of bespoke workwear for prominent lifestyle brands, is pleased to announce its exclusive partnership with Bongo as the 'Style Partner' for Shark Tank Bangladesh Season 1. In this endeavor, Robi serves as the "Title Sponsor," Startup Bangladesh as the "Powered By Sponsor," Prime
IBBL wins Strongest Islamic Retail Banking Award
Islami Bank Bangladesh PLC (IBBL) has achieved “The Strongest Islamic Retail Bank in Bangladesh 2023” award conferred by UK-based Cambridge IFA. Professor Humayon Dar, PhD, founder of Islamic retail banking awards, formally declared the award recently. The accolade was presented to Islami Bank after analyzing the efficiency and competency of
New Zealand win third T20 to square series with Bangladesh
New Zealand captain Mitchell Santner took four wickets as they beat Bangladesh by 17 runs in a rain-affected third and final Twenty20 international on Sunday to draw the series 1-1. After dismissing the tourists for 110 in Mount Maunganui, New Zealand's top-order collapsed to 49-5 before Jimmy Neesham and Santner recovered
Bangladesh relieved after historic victory in New Zealand
After securing their first victory against New Zealand in their backyard in 19th attempt, Bangladesh felt relieved even though the landmark victory came in the dead rubber. The historic victory in Napier helped Bangladesh avoid the whitewash which looked on the cards following their meek surrender in the first two matches. Bangladesh
Govt seeks $500m WB loan to bolster reserves
The Bangladesh government has asked the World Bank’s ‘Second Recovery and Resilience Development Policy Credit’ for a $500 million loan to stabilise the economy and strengthen its foreign exchange reserves. The Ministry of Finance recently asked the World Bank for an additional $250 million in budget support for the current fiscal
Bangladesh Supreme Court Day today
The 'Bangladesh Supreme Court Day' is being observed through various programmes on the court premises today. On October 25, 2017, the full court meeting of the Supreme Court decided that the 'Bangladesh Supreme Court Day' will be observed on December 18 every year, as the High Court started functioning as per
Forex reserve goes above $20 billion: BB
Bangladesh has received the $690-million second tranche of its $4.703 billion loan from the International Monetary Fund (IMF) and $400 million loan from the Asian Development Bank (ADB) budget support loan. It means around $1.09 billion has been added with Bangladesh's foreign exchange reserves, amid dollar short supply in the domestic
Nation celebrates 52nd Victory Day
The nation Saturday celebrated the 53rd Victory Day, the most precious day of the nation, with paying glowing tributes to 1971 Liberation War martyrs and recalling the glorious history, the nation scripted 52 years back by freeing the soil from long subjugation. On December 16 in 1971, Bangladesh was born as