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Int’l factoring for foreign trade stressed

Factoring is very important for international transaction. In Bangladesh export earning is growing rapidly and our export has more potential to grow. Letter of Credits (L/C) is a popularly used international trade payment method in Bangladesh. But because of more formalities and more costing, importers are becoming less interested to import under L/C. Rather importers are more interested to import under open account terms. As open account is involved with risk, international factoring removes the danger of open account trade said Mr. Hedayet Ullah Al-Mamoon, Senior Secretary, Ministry of Commerce, Government of Bangladesh while inaugurating the ICC Training on International Factoring for Foreign Trade organized by ICC Bangladesh at Dhaka on 24 February as a Chief Guest. He thanked ICC B...

Int’l power & building construction expo kicks off

A three day “International Building and Construction Technology and Power Sourcing Expo 2016” began yesterday 18 February in the city in a bid to making building construction industry more enriched. Local and international companies related to building construction technology and Power sourcing from more than five countries under the one roof are participating in the explosion at the International Convention City Bashundhara (ICC,B). Md. Mosharaf Hossain Bhuiyan, Secretary, Ministry of Industries Govt. of the People ’s _MG_2111 (1)

Inflation eases slightly to 6.07pc in January

Bangladesh’s annual inflation eased slightly in January as food prices rose at a slower pace, the planning minister said on Tuesday. Consumer prices in January were 6.07 percent higher than a year earlier, slowing from a rise of Economy Philipines6.10 percent in December, Mustafa Kamal told a news conference. Annual food inflation in January fell to 4.33 percent from 5.48 percent the previous month while non-food inflation increased to 8.74 percent from 7.05 percent. World food prices fell to near...

Thai governor expects more business thru’ sea ports

Governor of Ranong Province of Thailand Mr. Suriyan Karnjanasilp expressed expectation to Businessmen of Bangladesh and Thailand to raise bilateral business by using both countries’ sea port in a Business Meeting between Bangladesh Thai Chamber of Commerce & Industry (BTCCI) and the Delegation of the Thai Port Authority at the Dhaka Club Ltd on February 8, 2016 organized by BTCCI. The 13 member high profile Thai delegation is visiting Bangladesh to explore feasibility of signing MoU for direct coastal shipping between Chittagong port of Bangladesh in the Bay of

IBFB concerned over unutilized foreign aid funds

Hafizur Rahman Khan, President of International Business Forum of Bangladesh (IBFB), in a press release, said IBFB is very much concerned over huge amount of unutilized funds of foreign aids that has been remaining in the pipeline for a few years. [caption id="attachment_21738" align="alignleft" width="403"]Hafizur Rahman Khan IBFB President[/caption] As recently reported by a renowned national newspaper, an amount of USD 19 Billion equivalent to BDT 1 Lac 48 Thousand 200 Crore, maximum of which is for vario...

Roundtable on finance personnel in public sector

The Institute of Chartered Accountants of Bangladesh (ICAB), the sole professional body responsible for regulating the accountancy profession in Bangladesh, and the Confederation of Asian and Pacific Accountants (CAPA), representing the regional accountancy profession, of which ICAB is a member, jointly organised a daylong, high profile Roundtable on “Attracting & Retaining Finance Personnel in the Bangladesh Public Sector” in Sonargaon Hotel, Dhaka, on Thursday. Tofail Ahmed, MP, Minister, Ministry of Commerce, GoB, graced the occasion as the Chief Guest of the Roundtable Inauguration. The Roundtable was participated by a wide range of stakeholders, including the Government parliamentarian and public sector officials, regulatory agencies, civil socie...
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