Business-Economy

RMG leaders say Trump’s tariff devastating blow for Bangladesh’s $10b US market, competitors to gain

Staff Correspondent: Bangladesh’s readymade garment (RMG) industry will be seriously impacted by the new US tariffs, with industry leaders calling it a “bolt from the blue” that could disrupt trade

New US tariff poses major threat to Bangladesh’s RMG sector: Ex-BGMEA VP

Staff Correspondent: The newly imposed 37% tariff by the US government is expected to severely impact Bangladesh’s ready-made garment (RMG) sector, warned former BGMEA vice president Rakibul Alam Chowdhuryon Thursday

Bangladesh Bank lifts ban on banks’ foreign training fee payments

Staff Correspondent: Bangladesh Bank has lifted a ban on banks and non-bank financial institutions (NBFIs) that stopped them from freely using their dollar funds for employee registration and participation in

Bangladesh imports 10,850MT more rice from India

Staff Correspondent: Another consignment of 10,850 metric tonnes (MTs) of Indian parboiled rice arrived at the country’s premier seaport, Chattogram Port on Thursday. A vessel ‘MV HT UNITE’ carrying the

IMF presses for raising Tk57,000cr more in taxes or face loan delay

Staff Correspondent: Following the National Board of Revenue’s (NBR) unexpected tax hike in January – estimated to generate Tk12,000 crore across various goods and services – the International Monetary Fund

Trade deficit drops by 4.41% in 8 months

Staff Correspondent: In the first eight months of the current fiscal year (July-February), the foreign transaction equilibrium has shifted towards a positive flow.As a result, the negative situation in foreign