Lakho Konthe Shonar Bangla underway
The commencement of the initiative “Lakho Konthe Shonar Bangla” was announced on March 2, 2014. A possible participation of approximately 3 lakh people will celebrate the 43rd Independence Day of Bangladesh singing the national anthem of Bangladesh. This possible participation of approximately 3 lakh people will create a new official world record. The preparation of this grand event is underway in full speed through finalizing the execution plans; stated Principal Staff Officer of Armed Forces Division Lieutenant General Abu Belal Muhammad Shafiul Huq, ndc, psc.
BB revises forex quota for businessmen
Bangladesh Bank (BB) on Monday revised up the foreign exchange quota for businessmen. The central bank in a circular said exporters, importers and producers for the local market would be entitled to foreign exchange quota for travel abroad at $400 per diem, subject to limits of $4,000 per trip and $10,000 over a calendar year.
Besides, exporters will also be entitled to use balances in their foreign currency retention quota account for their business visits abroad.
Top two tiers senior level expatriate foreign nationals ...
Besides, exporters will also be entitled to use balances in their foreign currency retention quota account for their business visits abroad.
Top two tiers senior level expatriate foreign nationals ...
PBL MD urges to increase export-import business
Managing Director of Pubali Bank Limited (PBL) Helal Ahmed Chowdhury emphasized on expansion of deposit, advance and export-import business of the bank through better customer & modern banking service. Helal Ahmed Chowdhury was speaking at the 1st Managers’ conference-2014 of Dhaka Central, Dhaka North, Dhaka South and Narayangong regions of the bank held at bank’s head office recently.
Helal Ahmed Chowdhury graced the conference as chief guest while Addit...
Helal Ahmed Chowdhury graced the conference as chief guest while Addit...
India eyes to boost business in RMG Bangladesh
Indian textile businessmen are focusing on increasing the country’s market share in Bangladesh to offset the impact created by China in last few years, say industry experts.
“Bangladesh is a natural trading textile partner for India. But for last two years, China is increasingly consolidating its footsteps in the Bangladeshi markets,” Sanjay Murarka, partner of Kolkata-based FM Textile Private Limited, told PTI yesterday on the sidelines of the ongoing International Ethnic Week (IEW) Goa 2014.
Exports up 6pc in Feb on garment sales
Bangladesh's exports rose 6.36 percent in February from a year earlier to $2.39 billion, boosted by stronger garment sales, the Export Promotion Bureau said on Monday, as political turmoil eased after an election in January.
In the first eight months of the financial year beginning July 1, exports totalled $19.83 billion, up nearly 14 percent from the same period a year ago, the export bureau said.
Garment exports rose 9 percent on year to $1.96 billion in February and were up 16.7 percent to $16.7 billion for the eight months.
Garmen...
Garment exports rose 9 percent on year to $1.96 billion in February and were up 16.7 percent to $16.7 billion for the eight months.
Garmen...
Trade gap narrows in July-Jan on poor import growth
The country’s trade deficit narrowed by 35.01 per cent in the first seven months of the current financial year compared with that of the same period of the FY 2012-13 due to a rise in exports against a poor growth in imports.
According to the latest BB data, the deficit decreased to $2.78 billion in July-January of the FY14 from $4.28 billion in the same period of the FY13.
Experts and BB officials said that the narrowed trade gap would not put much positive impact on the country’s macro-economic situation as the imports ...
Experts and BB officials said that the narrowed trade gap would not put much positive impact on the country’s macro-economic situation as the imports ...
