Remittances, forex reserves hit record highs By BSS | Last Updated: 3rd August, 2020, 19:54

The foreign currency reserve and inflow of remittances hit the new record in the country in July despite the economic fallout triggered by the COVID-19 pandemic

Remittances, forex reserves hit record highs

Dollar struggles in Asia as Hong Kong gains for eighth day Dollar struggles in Asia as Hong Kong gains for eighth day

While Shanghai rise 0.4 percent Wednesday it has suffered volatile trading in recent weeks as leaders try to address a debt crisis in the country.


Bangladesh will be self-sufficient in fish next year, says Sayedul Self-sufficiency in fish production next year: Sayedul

Bangladesh needs 42 lakh tonnes fish in a year to meet its annual demand with daily per capita requirement of 60 grams


Dollar changes hands in upper 112 yen zone in early trade in Tokyo Dollar changes hands in upper 112 yen zone in early trade in Tokyo

The dollar was quoted at 112.60-61 yen compared with 112.58-68 yen in New York at 5 p.m. Monday


Leather village to be set up in Mirsarai Economic Zone Leather village to be set up in Mirsarai Economic Zone

Traders say the leather village will rejuvenate the moribund tannery industry in Chittagong


Textiles and Jute Minister Azam calls for making textile sector more competent in world market Azam calls for making textile sector more competent in world market

He urges the officials to make their best efforts to turn the country into a middle income one by 2021


DCCI for diversifying products to expand export market DCCI for diversifying products to expand export market

Bangladesh is presently enjoying duty free export facility under the Asia Pacific Trade Agreement


Asian stocks mostly higher after Wall Street gains   Asian stocks mostly higher after Wall Street gains

The dollar gains to 112.66 yen from Friday's 112.52 while the euro declines to $1.1460 from $1.1471


China's economic growth holds steady despite slowdown fears   China's economic growth holds steady despite slowdown fears

Government data on Monday show output rose 6.9 percent in the three months ending in June compared with a year earlier


Cattle smuggled from India harming economy of Bangladesh: Border guards Cattle smuggled from India harming economy of Bangladesh: Border guards

A BGB official says if it doesn’t come from India then our dairy farmers can go up


Myanmar strives to build up digital economy for development Myanmar strives to build up digital economy for development

They want to make Myanmar as a digital hub of ASEAN region


China's economy slows in second quarter: AFP survey China's economy slows in second quarter

The world's second-largest economy expanded by 6.8 percent in the April-June period, compared with a year ago


Asian shares mixed in narrow range investors await earnings   Asian shares mixed in narrow range investors await earnings

The dollar rises to 113.29 yen from 113.28 yen while the euro strengthens to $1.1418 from $1.1398


Banks, tech lead US stocks to modest gains, new Dow record   Banks, tech lead US stocks to modest gains, new Dow record

Major stock indexes in Europe closed mostly higher


Stock market showing gain   Stock market showing gain

The benchmark index of the DSE advances 4.08 points, while the Selective Category Index of the port city bourse rises 4.34 points


South Korea freezes interest rate at record low

S Korea freezes interest rate at record low

Bank of Korea (BOK) Governor Lee Ju-yeol and six other monetary policy board members decide to put the seven-day repurchase on hold at 1.25 per cent


Bank of Korea upgrades South Korea's growth outlook   Bank of Korea upgrades South Korea's growth outlook

The central bank's growth forecast Thursday is an upward revision from its 2.6 percent growth forecast in April


Retail inflation in India hits record low Retail inflation in India hits record low

Retail inflation for June in the country comes in at 1.54 percent, down from 2.18 percent in May


Asian markets mostly weaker before Fed chair speech   Asian markets mostly weaker before Fed chair speech

apan's Nikkei 225 fell 0.6 percent to 20,073.67 and South Korea's Kospi lost 0.2 percent to 2,392.56


Energy firms rally with oil but Asia markets struggle Energy firms rally with oil but Asia markets struggle

A fresh rally in oil prices boosted energy firms in Asia on Wednesday although most equity markets struggled after two days of gains


Tofail optimistic about achieving SDGs by 2030 "Bangladesh will achieve SDGs by 2030"

The commerce minister says manpower is the vital asset of Bangladesh and there is no alternative to creation of jobs for the people


Bad loans soar in state banks for weak admin, monitoring Weak admin, monitoring behind bad loans

Finance Minister AMA Muhith recently informs Parliament that the amount of default loans in state-run banks stood at Tk 111,347 crore


Tesco in pressure as German supermarket Aldi starts jobs expansion in UK Tesco in pressure as Aldi starts jobs expansion in UK

It plans to recruit 4,000 new staff under a large-scale expansion in Britain that puts further pressure on the nation's biggest retailer Tesco


Government targets generating 2000 MW power from renewable sources '2000 MW power from renewable sources'

Currently, 447.51 MW of electricity is coming from renewable sources


Asian shares edge higher ahead of Yellen testimony   Asian shares edge higher ahead of Yellen testimony

The dollar rises to 114.19 from 114.04 yen late Monday while the euro slips to $1.1394 from $1.1400


Tk 844 cr transacted through MFS per day: Muhith MFS transaction Tk 844 cr daily

Tk 844.23 crore on an average are transected daily in average 49.05 lakh transactions through MFS


Russia upset by outside 'sabotage' of energy investments: Novak Russia upset by outside 'sabotage' of energy investments: Novak

Russian Energy Minister Alexander Novak says energy demand was set to grow in the coming years


Asian stocks higher following Wall Street gains   Asian stocks higher following Wall Street gains

The dollar gains to 114.16 yen from Friday's 113.92 yen while the euro edges up to $1.1405 from $1.1400


Share market showing gain Share market showing gain

DSEX, the prime index of Dhaka Stock Exchange (DSE), goes up by 13.64 points or 0.23 percent to stand at 5,763.30


Indian investments with re-export can help reduce trade gap: Minister Amir Hossain Amu Indian investments with re-export can help reduce trade gap: Amu

He says Bangladesh is a unique place for investment as the government is giving more thrust on the establishment of knowledge based hi-tech industries


UK-US trade deal to happen quickly: Trump UK-US trade deal to happen quickly: Trump

The US president is holding talks with UK Prime Minister Theresa May to discuss a post-Brexit trade deal


Remittance transfer cost to be reduced: Muhith Remittance transfer cost to be reduced: Muhith

The remittance has been decreased 14.46 percent than to last year


US job creation surges in June, pointing to market's resilience US job creation surges in June, pointing to market's resilience

Average hourly earnings rose four cents to $26.25, up 2.5 percent over June of last year


Muhith sought support for expatriate Bangladeshi investors Muhith sought support for expatriate Bangladeshi investors

He says expected level of investment by the expatriate Bangladeshi is yet to come


Microsoft to cut up to 4,000 jobs

Microsoft to cut up to 4,000 jobs

The company is implementing changes to better serve its customers and partners


Asian markets down after US jobs disappoint, oil plunges Asian markets down after US jobs disappoint, oil plunges

"Unless US economic data starts to improve again, the short-term outlook for the US dollar is rather negative," says AxiTrader market analyst


Dhaka Stock Exchange, Chittagong Stock Exchange down at opening DSE, CSE down at opening

Turnover, the crucial indicator of the market, stands at Tk 2,648.35 million, trading 40,406 shares


Energy firms hit by oil dive, North Korea crisis fuels uncertainty Energy firms hit by oil dive, N.Korea crisis fuels uncertainty

Traders are now awaiting the release of key US jobs data on Friday for a better handle on the state of the world's top economy


Asian shares subdued as missile fallout weighs on sentiment   Asian shares subdued as missile fallout weighs on sentiment

he dollar falls to 112.94 yen from 113.28 yen in late trading Tuesday while the euro slides to 1.1364 from $1.1348


Benapole Customs exceeds revenue target Benapole Customs exceeds revenue target

In 2015-2016 fiscal, the customs earn Tk 2,940 crore against the revised target of Tk 2,850 crore

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