Bangladesh Bank has increased the Exporter’s Retention Quota (ERQ) for the foreign exchange expense. A circular issued by Foreign Exchange Policy Department (FEPD) on Wednesday said the Guidelines for Foreign Exchange Transactions-2009 (GFET) permits exporters to retain specific parts of their export earnings in foreign exchange, for utilization without prior Bangladesh Bank approval for bonafide business expenses abroad including maintenance of offices abroad, import of raw materials, machineries and spares. “It has been decided to further widen this facility b...

India is likely to sign a memorandum of understanding (MoU) with Bangladesh on fake Indian currency notes (FICN) during Prime Minister Narendra Modi’s two-day visit to the neighbouring nation from June 6. This is perhaps the first time that India will sign an agreement on fake currency notes with a neighbour. The National Investigation Agency (NIA) and Home Department of Bangladesh will be the nodal agencies for executing the agreement, said officials ...

While geographic diversification and investment into the pharmaceutical and healthcare sector of emerging economies, such as Bangladesh, may be a favourable strategy for any multinational pharmaceutical company - it is vital that a company recognises both the rewards and the risks present in a market. With regards to assessing risks in the Bangladeshi healthcare sector, we have identified those emanating from the state’s political/economic profile (such as high inflation) and industry specific dangers (such as low per-c...