Business-Economy

BB buys $171m in first-ever auction

TDS Desk: For the first time, Bangladesh Bank (BB) purchased US$171 million on Sunday from commercial banks through an auction. The central bank’s latest move came in the wake of

Expats send $1.07b remittance in 12 days of July

TDS Desk: The expatriate Bangladeshis sent around $107.10 crore (about $1.07 billion) in remittances in the first 12 days of July. Bangladesh Bank’s executive director and spokesman Arif Hossain Khan

‘WB to continue support to Bangladesh projects’

TDS Desk: The World Bank (WB) has assured Bangladesh of continuing its assistance in ongoing projects along with the budgetary support. “It (World Bank) has expressed its satisfaction over the

Taka gains strength as dollar rate falls by nearly Tk 3

Staff Correspondent: The US dollar has depreciated by approximately Tk 2.90 against the Bangladeshi Taka over the past 10 days, primarily due to reduced demand for dollars and a strong

Garment sector at big risk

Staff Correspondent: Bangladesh’s ready-made garment (RMG) sector faces a serious crisis following the re-imposition of 35% countervailing duties by the United States, putting billions in export revenue at risk and

Trump tariff dilemma: Caught between a rock and a hard place?

TDS Desk: The US President Donald Trump has sent “tariff letters” to 22 countries, as of this writing on July 10, communicating the rates they will face if no deal