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Leather goods, footwear, ceramic exporters to get EDF fund

Leather goods, footwear and ceramic producers and exporters will get credit support from Export Development Fund, a special fund of the central bank, to help the growth of non-traditional exports. Bangladesh Bank in a circular on Wednesday said all members of Leather goods and Footwear Manufacturers and Exporters potteryAssociation of Bangladesh and Bangladesh Ceramic Wares Manufacturers’ Association will be allowed to draw EDF finance, reports BSS. The finance will be given for bul...

Inter-bank Transaction Matrix to oversee liquidity management

Bangladesh Bank will introduce a monitoring tool named Inter-bank Transaction Matrix from January 2014 to supervise liquidity management of banks and non-bank financial institutions. To this end, the BB issued a circular to managing directors and chief executive officers of all scheduled banks and NBFIs saying that the central bank would give early warning signals to the crises institutions about their liquidity crisis by using the new tool. bbThe BB circular said, ‘Interconnectedness among the ban...

Owners place 3-point demand to protect CNG refueling station

The country’s CNG refueling station owners have placed a 3-point demand to survive being upset at the ongoing political turmoil that has taken a heavy toll on their business. Their demands are rescheduling due payment against bank loan by at least one year without charging interest and taking interest in the block account, allowing payment of gas bills through installments for one year without disconnecting gas lines, refraining from treating any CNG station owners as loan defaulters until the return of a normal business environment. CNG_Refuelling_Station_in_Dhaka

Chinese firm to build $22m textile plant in Ishwardi EPZ

Asia Spinning and Textiles Ltd, a Chinese textile firm will invest $ 22 million for the establishment of a new spinning and textile factory in the Ishwardi Export Processing Zone (EPZ) located at Pabna in Bangladesh. The Chinese firm has signed an agreement with the Bangladesh Export Processing Zones Authority (BEPZ) for setting up the plant at the EPZ, says a press release. China-BDSayed Nurul Islam, member (Investment Promotion) of BEPZA and Li Zhan Bin, managing director of Asia S...

Spore’s swift deportations of Indians, Bangladeshi questioned

Activists called on Singapore to ensure due process and address migrant worker grievances after the government said it would deport 52 Indians and one Bangladeshi for their alleged involvement in a rare riot in an Indian enclave. Home Affairs Minister Teo Chee Hean said Tuesday the deportation of the men as well as criminal charges filed against 28 other Indians would “send a strong signal that we will not tolerate actions by anyone which threaten law and order in Singapore.’’ [caption id="attachment_1981" align="alignleft" width="300"]SINGAPORE-CRIME-RIOTS-UNREST Pictured, arreste...

Bangladesh key economic indicators – Dec 18

DAILY INDICATORS

Tuesday Previous Taka/US $ (inter-bank) 77.75-77.75 77.75-77.75 Call money rate (inter-bank) 06.65-08.00 05.50-08.00 Dhaka Stock Exchange index 4,270.59 4,280.72 ------------------------------------------------------------ indicatorMONTHLY CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Nov. 7.15 7.03 M2 supply (bln taka) (BB) Oct. 6,403.17 6,267.23 Forex reserves ($bln)(BB) Nov. 17.11 17.35 Exports(FOB) ($mln)(BB) Sept. 2,590.2...
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