Trade & Market

Prime Bank Ltd on Tuesday announced an alliance with Bangladesh Association of Software and Information Services (BASIS) to finance micro, small and medium enterprises (MSMEs) under the ICT sector. BASIS members can apply for up to Tk 5.0 million worth of collateral-free loans at 9.0 per cent...

Bangladesh is preparing to take an alternative route to strengthen its trade ties with Russia, bypassing the US sanctions on the latter. As part of it, the Bangladesh Bank has taken an initiative to enter into a bilateral swap agreement with the Central Bank...

Salman F Rahman, private industry and investment advisor to prime minister, has requested Saudi Arabia to give duty-free export facility for 137 Bangladeshi products to reduce trade deficit between the two countries.  Saudi Arabia can import halal meat from Bangladesh along with the products...

Businesspeople in Bangladesh will face massive difficulties across the globe if they lose priority trade facilities after the transition from the status of the least developed countries (LDCs) in 2026. The country's decision to join the Regional Comprehensive Economic Partnership (RCEP) is very positive...

Commerce Minister Tipu Munshi is hopeful that the European Union will continue its trade benefit for Bangladesh for 12 years after the country's graduation from the grouping of the least-developed countries (LDCs). Bangladesh is set to leave the LDC group to become a developing...

The export of personal protective equipment (PPE) has opened a new avenue for apparel manufacturers of Bangladesh who are reeling from order cancellations and downswings of exports in the Covid-19 pandemic. According to figures by the Export Promotion Bureau (EPB), PPEs, including masks, gloves, and gowns, have...

Commerce Secretary Md Jafar Uddin said Bangladesh earned 20 billion dollars from exports as production continued even during the Covid-19 pandemic. "Prime Minister Sheikh Hasina's prompt and courageous decision at the start of the Covid-19 pandemic made it possible," he said.

The COVID-19 pandemic delivered a big blow to the mobile handset business in Bangladesh, as the local industry incurred an estimated loss of Tk 1.0 billion (100 crore) due to the shutdown of over two months. Firms in the sector even feared that they may have to...

In a first for Bangladesh, the country has extended a lifeline of sorts to the beleaguered Sri Lankan economy, offering to top up the island nation's depleting foreign reserves by as much as $500 million. The global coronavirus pandemic has deprived Sri Lanka, which...

Bangladesh has beaten India on exports in the past decade, and the Economic Survey 2021 explains why. Bangladesh exports posted a compounded annual growth rate of 8.6% over 2011-2019 versus India's export growth of 0.9% and a world average of 0.4%, the survey said.