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Bangladesh Bank yesterday revised its policy for post-import financing (PIF) to ease the process for importers to get finance smoothly. As per the previous guidelines on PIF released in June last year, Bangladesh Bank mentioned two sectors — essential commodities and industrial raw materials — where banks could finance importers. …

Tube well manufacturers in Bogura are going through hard times as the costs of raw materials have almost doubled in the last couple of years. Bogura is a hub for agricultural machinery in Bangladesh as its foundry industries produce more than 85 per cent of the equipment and spare parts …

Credit Suisse bank, still reeling from losing billions of dollars last year, faced a fresh challenge Sunday: allegations from an international investigation that it had handled dirty money for decades. A cross-border media investigation broke Sunday claiming that Switzerland’s second-largest bank had held tens of billions of dollars of ill-gotten …

The loan classification-related policy relaxation introduced by the Bangladesh Bank lowered bank’s provision requirement and thus raised operating profits of most of the banks in 2021. According to available data on operating profits of 18 banks, 17 banks posted an increase in operating profits against a decline in operating profit …

Bangladesh is turning into an emerging hardware and software hub as the government has been providing policy support to existing and new businesses at hi-tech parks and specialized economic zones for tech ventures. Till now, the country has fetched Tk 6 billion in investments from local and foreign companies while …

Capital Market Stabilisation Fund (CMSF) will make its maiden investment worth Tk 1.0 billion into Investment Corporation of Bangladesh (ICB) as TDR (transferable development rights) to boost liquidity flow in the capital market. The Bangladesh Securities and Exchange Commission (BSEC) on Tuesday approved the proposal of such investment at a …

The Asian Development Bank is going to be tougher on funding Bangladesh’s development recipe as the financier reviews a slew of slow-moving projects this month, officials said Friday. Just one-and-a-half-month ago, the Manila-based lender also scrutinised those projects and took a critical view of their weak implementation trajectory, they added. …

Exporters are thinking about setting minimum prices for the five most exported products — trousers, t-shirts, sweaters, shirts, and underwear Apparel exporters are thinking about setting minimum prices for ready-made garment (RMG) products and taking initiatives to ensure fair prices to survive the intense competition and meet rising production costs. …

Computer services export from Bangladesh has crossed the $300-million mark as the coronavirus pandemic turbocharged the global demand for data processing, hosting and consultancy services. Local IT companies and freelancers have bagged an increased number of orders from clients across the globe since the crisis struck as customers had to …

Proposed budget raises the allocation for Agriculture Ministry to Tk16,201cr from Tk15,442cr in the outgoing fiscal year