The Bangladesh Investment Development Authority (BIDA) on Sunday granted Authorised Economic Operator (AEO) status to ten business entities, aiming to facilitate trade by streamlining customs procedures.
Similar to the "Green Channel" system at airports, AEO status enables companies to bypass certain customs checks, expediting the clearance of goods at ports. This is expected to reduce production and export lead times while alleviating congestion at ports.
Loan disbursements through agent banking saw a significant increase of 55.95 per cent year-on-year (Y-o-Y), reaching Taka 24,028.31 crore by the end of December 2024, driven by improved access to finance for rural populations, according to data from Bangladesh Bank (BB).
In December of the previous year, loan disbursements amounted to Taka 15,407.33 crore.As of December 2024, a total of 31 banks provided agent banking services through 21,248 outlets o...
While excess liquid assets rose, excess cash holdings in banks declined by Tk2,291 crore, standing at Tk17,675 crore at the ...
Bangladesh’s footwear sector is set for substantial expansion, presenting lucrative investment opportunities in both leather and non-leather segments. The Bangladesh Investment Development Authority (BIDA) highlighted this potential in a recent newsletter while also acknowledging the challenges that must be addressed to sustain growth and enhance competitiveness.
Shah Mohammad Mahboob, an executive member of BIDA, underscored the industry's vast pot...
Japan’s ODA increases have happened in tandem with Bangladesh’s economic growth, rise in bilateral trade and recognition of its strategic importance for maritime security. Sheikh Hasina’...
Due to its abundant rivers and ponds together with coastal environments, Bangladesh serves as a favourable ground for aquaculture which particu...Aquaculture Market Trends
