Import Growth 6.0 Percent in July-May of FY ’19

Country’s imports grew by nearly 6.0 per cent in the first 11 months of fiscal year (FY) 2018-19, riding on higher construction material imports, officials said. The actual import in terms of the settlement of letters of credit (LCs) rose to $50.57 billion...

Burgeoning Economy Lures Korean Investors

In a heartening development, more and more South Korean companies are coming to Bangladesh with investment plans, attracted by the country’s tremendous growth momentum. “This is a positive development for Bangladesh as there would be technology transfer,” said...

Double Digit Export Growth in FY2019

The country’s merchandise export earnings grew by 10.55 percent year-on-year to $40.53 billion in the immediate past fiscal year riding on a high volume of garment shipment in a favourable external business environment. The earnings were 3.94 percent higher than the...

FY 2019 Exports Rise By 10.55pc, Hit $40.53b

The country’s export earnings reached an all-time high of US$ 40.53 billion in the just concluded fiscal year (FY), 2018-19, registering a 10.55 per cent growth over that of the previous fiscal, according to official data. Bangladesh fetched $ 36.66 billion in...

Remittance Hits All-Time High

Remittance hit an all-time high of $16.40 billion in the just concluded fiscal year, lending some breathing space to the central bank as it continues to sell US dollars to maintain the exchange rate. The inflows were 9.47 percent higher than in fiscal 2017-18,...

MFS Transactions Hit Record High

Transactions through the mobile financial service platform hit a record Tk 42,236.23 crore in May as discounts offered by the major MFS providers to tempt Eid shoppers to pay through their channel appear to have worked. The amount is an increase of 20.8 percent from...

Banks’ Operating Profit Rises Despite Liquidity Crisis

Most of the private banks saw their operating profits edge up in the first half of the year despite the ongoing liquidity crisis and a decline in credit growth. The Daily Star obtained data of 23 banks and all of them posted growth in operating profit — which is...