The central bank has increased the allocation of the export development fund (EDF) by 25 per cent to $1.0 billion from the previous $800 million to meet the growing demand of the country's exporters, officials said Thursday.
"We've enhanced the amount of EDF allocation to encourage the exporters for strengthening their businesses. Other provisions related to EDF will remain unchanged," a senior official of the Bangladesh Bank (BB) told the FE.
The central bank is providing the re-financing facility to the exporters through commercial banks as short-term liquidity support.
Under the existing provisions, the EDF financing is allowed for input procurements against back-to-back import letters of credit (LCs) or back-to-back inland LCs in foreign exchange, by manufacturers...
Myanmar exchanged the least border trade with Bangladesh among its four neighboring countries in this fiscal year, according to Myanmar Ministry of Commerce.
The country’s border trade with four neighboring countries such as China, India, Thailand and Bangladesh in FY 2013-14 from April 1 to November 11 received $ 2.7 billion, with the border trade with Bangladesh only receiving around $ 6 million.
The ministry said Myanmar exchanged the most border trade with China, followed by Thailand as the second largest.
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Aamir Khan postpones 'Dhoom 3' event to watch Sachin Tendulkar's 200th Test
Aamir had a promotional event of his upcoming film 'Dhoom 3' to attend where he would be dedicating the 'Dhoom Machale' song to Sachin. The event was earlier scheduled to take place at 4.30 pm at YRF studios but it will now begin at 6 pm.
The actor left the studio when he heard that West Indies is all out as he did not want to miss India batting by any chance, a statement said.
Aamir requested prod...
While Sachin Tendulkar was on the field on the first day of his final Test at the Wankhede Stadium, his family played hosts to nearly 500 of their special invitees; from Sachin's revered coaches to the family's friends; from their maid to their dutiful guards; ensuring that the guests felt at home at the Vittal Divecha Pavilion.
Among those Tendulkar had given passes were friends from Sahitya Niwas Colony where he grew up, and with whom he used to play neighbourhood cricket.
Ajit Tendulkar, Sachin's elder brother, who has rarely watched h
Feeling nostalgic about the past can increase optimism about the future, a new study has found
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The research examined the idea that nostalgia is not simply a past-orientated emotion but its scope extends into the future, with a positive outlook.
"Nostalgia is experienced frequently and virtually by everyone and we know that it can maintain psychological comfort. For example, nostalgic reverie can combat loneliness," said Dr Tim Wildschut, co-author of the study from the University of Southampton.
"We wanted to take that a step further and assess whether it can increase a feeling of opti...
DAILY INDICATORS
Wednesday Previous
Taka/US $ (inter-bank) 77.75-77.76 77.75-77.7525 Call money rate (inter-bank) 06.00-08.00 06.00-08.00 Dhaka Stock Exchange index 4,212.72 4,197.71
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MONTHLY
CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Oct. 7.03 7.13
M2 supply (bln taka) (BB) Sept. 6,267.23 6,199.89 Forex reserves ($bln)(BB) Oct. 17.35 16.15
Exports(FOB) ($mln)(BB) Sept. 2,590.24 2,031.44 Impo...
