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Bangladesh has extended the repayment period of the loan it had given to Sri Lanka by six more months as the Island nation continues to struggle to fix its debt crisis, officials say. Earlier, the central bank of Sri Lanka had sought time from Bangladesh to make the first instalment …
Read More »A perfect storm for SMEs
The business sector in Bangladesh has been going through severe challenges for the past four years, which, for many, have been the toughest period in decades, with the coronavirus pandemic being the dominant factor in the early part before the Russia-Ukraine war broke out. Today, we are running the fifth …
Read More »Sales at neighbouring clothes hubs take a hit
Yesterday’s blaze at Dhaka New Super Market has severely affected trade of nearby markets, that too with just a week to go before Eid-ul-Fitr. Eid-ul-Fitr is one of the biggest religious festivals in Muslim-majority Bangladesh and the volume of clothing sales increases severalfold ahead of the festival. Housing thousands of …
Read More »Silk shopping gains momentum in Rajshahi
On the eve of holy Eid-ul-Fitr, one of the largest religious festivals for the Muslims, shopping in the silk shops and showrooms has gained momentum. The fashion passionate people use silk wear during Eid festival in this region which is famous for quality silk production. Silk fabrics, weaved and designed …
Read More »DCCI urges central bank to extend support for Bangabazar fire victims
Dhaka Chamber of Commerce & Industry (DCCI) on Sunday requested Bangladesh Bank to extend support for Bangabazar fire victims, noting that thousands of small and micro businesses of the Bangabazar clothing market have lost their shops with all belongings and valuables in the devastating fire that damaged the entire market …
Read More »FBCCI announces 1C for rehabilitation of traders affected by Bangabazar fire
Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has announced a Tk 1 crore donation to rehabilitate traders affected by the recent fire at Bangabazar Market. FBCCI President Md Jashim Uddin made the announcement while visiting the Bangabazar area on Sunday afternoon. He also urged all in the country’s …
Read More »Textile millers request temporary ban on commercial import of cotton yard
To retain forex reserves and to boost garment value addition, the textile millers of the country requested a temporary halt on the import of cotton yarn used in readymade garment (RMG) industry. In a letter to the Bangladesh Bank governor on April 3, Bangladesh Textile Mills Association (BTMA) President Mohammad …
Read More »2 vessels of Japan Maritime Self-Defense Force arrive at Chattogram Port
Two vessels, JS URAGA (Mine Sweeper Tender) and JS AWAJI (Mine Sweeper Ocean) of the Japan Maritime Self-Defense Force (JMSDF) arrived at Chattogram Port on Sunday for a goodwill port visit. They will stay in Chattogram till 11 April 2023. Captain NAKAI Eiichi, Commander, Minesweeper Division One, and his officers …
Read More »EDF loan ceiling reset as per IMF condition
Bangladesh Bank (BB) has reset the ceiling of the loans in US dollars from the Export Development Fund (EDF) to manufacturers and exporters for input procurements. The central bank took the decision implementing the guidelines of the International Monetary Fund (IMF) with a view to stopping a further fall in …
Read More »USA tops wage earners remittance source
The USA remains the top remittance-earning source for Bangladesh for the first eight months of the current fiscal year. Expatriates sent $2497.2 million from the America from July 2022 to February 2023, according to Bangladesh Bank. The expatriates sent $298.7 million in January and $231.84 million in February, according to …
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