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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...

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

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...

US envoy for joint efforts to curb terrorist financing

The US Ambassador in Dhaka, W Dan Mozena emphasized on joint efforts of world’s democratic nations to curb terrorist financing and money laundering. “The best way to win this battle against the terrorists is for the democratic nations of the world to work together to deny these terrorists the money they seek to finance their war on us,” he said while addressing the launching of a training for non-financial businesses and professionals. mozenaThe training was jointly organised by Bangladesh Bank (BB) and US Depar...

Singapore to deport 52 Indians, one Bangladeshi after riots

The Singaporean authorities are planning to deport 52 Indians and a Bangladeshi worker for getting involved in a rare riot that hit the city-state, recently. little-india-riot The planned deportation can be seen as a tough move by the Singaporean authorities ensure that no such calamity takes place in the future. The riot was caused following an Indian national died after a moving bus hit him. Nearly 400 people were engaged in the riot causing havoc in a certain part of the city in protest of the accident. Singaporean police has said that they have completed the...

Apparel orders shifted to other countries: Buyers frustrated

Frustrated foreign buyers have shifted their apparel orders to other countries as violence on Dhaka-Chittagong highway increases amid political unrest. An attack on the transports by the miscreants during blockade, one of them carrying three foreign buyers, in the capital several days ago prompted the buyers to take such quick decision. After tragic death of 1,245 workers in RanaPlaza collapse and fire incident at Tazreen Fashions, the prevailing political unrest and violence have aggravated the uncertainty among the buyers, garment industry entrepreneurs said.
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