The business leaders of International Business Forum of Bangladesh (IBFB) strongly raised the issue of revival of GSP facilities of Bangladeshi products in the U.S. market in a meeting with the U.S. State Department in USA. Mr. Hafizur Rahman Khan, President of IBFB & Chairman of Runner Group of Companies and Mr. Mahmudul Islam Chowdhury, Founding President of IBFB, Chairman of Khan Bahadur Group & former Mayor of Chittagong, discussed about GSP issue in a meeting with the officials at the U.S. State Department held on Tuesday, 03 Nov 2015 in Washington DC. Apart from IBFB leaders, Mr. Kurt W. Tong, Principal Deputy Assistant Secretary of State for Economic and Business Affairs, Mr. Gilbert Morton, Officer for Bangladesh Affairs in the State Department and other officials were p...
India, the world’s biggest cotton producer, is likely to export 6.8 million bales in the 2015/16 season, up 18 percent from a year ago as demand from Asia is expected to improve, a senior government official told reporters on Tuesday.
Higher exports will cap global prices, but raise domestic prices and help bring down government purchases at the support price.
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A farmer harvests cotton in his field at Nani Kadi village in Gujarat, India, October 20, 2015. R...
Money sent home in October by Bangladeshis working overseas rose nearly 7 percent from a year earlier to about $1.1 billion, the central bank said.
In July-October, the first four months of the 2015-16 financial year, Bangladesh received about $5.03 million in
remittances, down 0.16 percent from a year earlier.
Remittances from more than 10 million citizens abroad are critical for the South Asian nation and key source of foreign exchange, alongside garment exports. In the financial year ended in June, garments accounted for 82 percent of Bangladesh's...
United World gathers the opinions of some of Bangladesh’s most important business leaders from across the economic spectrum, from textiles and pharmaceuticals to aviation, telecoms, and finance. They share their thoughts on the country’s progress, its image in the global media and the vital role the private sector is playing in the country’s development
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Salman F. Rahman, Vice Chairman of the Beximco Group (top-left), MD. Atiqul Islam, President of BGMEA (top-right), ...
Cargo movement be ween the city and Agartala turned seamless on Sunday with the introduction of the regional free trade agreement -the Bangladesh-Bhu an-India-Nepal (BBIN) Motor Vehicles Agreement. The first truck, which was flagged off from Nabanna, would pass through Bangladesh and travel just 640 kms, instead of he usual 1550kms route, to reach Agartala in less than half the time t would take earlier.
The agreement, signed on June 15, 2015, means transshipment of cargo wouldn’t be required at nternational borders and vehicles of each country ...
Bangladesh Bank (BB) launched Real Time Gross Settlement (RTGS) with 55 banks today.
“Introduction of RTGS would enable instant transfer of funds between banks and institutions,” said Governor Atiur Rahman at the inauguration of the service at the BB headquarters in Dhaka.
Initially 5,000 branches of 55 banks will be able to render the service to its customers.
Rahman said the system will have a substantial impact on current operations in the banks, particularly in the area of treasury, payment division, corporate banking and cash management.
RTGS facil...
