Business Digest

Malaysia Timber Council’s (MTC) Regional Representative Arif Nasir and MTC Executive Nur Adelin Mohd Haris visited the Bangladesh-Malaysia Chamber of Commerce and Industry’s (BMCCI) office and had an interactive meeting on Timber trade-related issues.

Source: https://www.dhakatribune.com/business/331951/bmcci-prioritizes-promotion-of-malaysian-timber

Prime Minister Sheikh Hasina today sought robust foreign investment in Bangladesh saying her government has been taking every possible measure to attract overseas investment.

Source:https://www.thedailystar.net/news/bangladesh/news/pm-seeks-robust-foreign-investment-bangladesh-3473401

The Cabinet Committee on Economic Affairs has given in-principal approval for the import of 38 lakh tonnes of refined fuel oil through direct purchase next year.

Source: https://www.tbsnews.net/economy/ecnec-approves-import-38-lakh-tonnes-refined-fuel-oil-740046

Russia, traditionally a territory uncharted by Bangladeshi workers, is emerging as a lucrative destination for overseas employment as the impact of the Ukraine war has reshaped the employment landscape of the world's largest nation.

Source: https://www.tbsnews.net/bangladesh/how-war-europe-opens-doors-bangladeshi-workers-russia-739074

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has written to the President and CEO of the American Apparel & Footwear Association, Stephen Lamar, seeking support in terms of responsible purchasing practices.

Source: https://thefinancialexpress.com.bd/trade/bgmea-president-urges-support-from-american-apparel-footwear-association-for-responsible-purchasing-1

Listed paper & printing companies posted a double-digit sales growth for FY23 despite ongoing economic challenges and raw material price hikes amid a dollar crunch.

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Moody's on Friday lowered its outlook on the US credit rating to "negative" from "stable" citing large fiscal deficits and a decline in debt affordability, a move that drew immediate criticism from President Joe Biden's administration.

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Bangladesh's trade deficit in the first quarter of the current 2023-24 fiscal year (July 2023-June 2024) dipped by 76 per cent year-on-year to 1.82 billion US dollars, the latest official data showed Thursday.

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"Prime Minister Sheikh Hasina inaugurated Chattogram-Cox's Bazar rail line today.
Thanking everyone involved with the project, the PM inaugurated the rail line at 12:58pm."

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Private mobile telecom operators cut internet data price.
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UAE-based BTA Finance bought 4.95% shares of Islami Bank through the block market on the Dhaka Exchange Stock at the beginning of this year.

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Ready-made garment exports to the United States, Bangladesh's single-largest export market, declined by 23.33 per cent year on year to $5.77 billion in the first nine months of 2023, US data show.

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