Regulators look to factoring to bolster int’l trade
Regulators in Bangladesh are looking to incorporate factoring as a financing option to help expedite the country’s import/export activities and to provide a means for its manufacturers and exporters to avoid problems associated with deferred payments from buyers.
Though factoring, instead of securing a loan, business owners sell accounts receivable (invoices) at a discount to a third-party funding source to raise capital. The source, or factor, then advances most of the invoiced amount to the company immediately an...
Though factoring, instead of securing a loan, business owners sell accounts receivable (invoices) at a discount to a third-party funding source to raise capital. The source, or factor, then advances most of the invoiced amount to the company immediately an...
Govt poised to request bids for telecom satellite project
The Bangladesh National Economic Council’s approval of the long-delayed Bangabandhu 1 telecommunications satellite appears to hinge on successful negotiations for the long-term lease of another nation’s orbital slot given the obstacles to using a Bangladesh-registered position, government and industry officials said.
After several years of attempts to coordinate one of its several orbital positions, especially at 69 and 102 degrees east longitude, Bangladeshi authorities have now turned toward the 26-nation Intersputnik organization of Mo...
After several years of attempts to coordinate one of its several orbital positions, especially at 69 and 102 degrees east longitude, Bangladeshi authorities have now turned toward the 26-nation Intersputnik organization of Mo...
Bangladesh activists support Jadavpur students
Activists in neighbouring Bangladesh, including leaders of the Shahbag movement, have expressed solidarity with the agitating Jadavpur University students here.
The protests, under the banner of ‘Hok Kolorob’ (Let there be shouts), began Sep 17 when university authorities allegedly ordered a police crackdown to break up a peaceful sit-in of students pressing for an independent investigation into an alleged molestation of a woman student inside a hostel last month.
The protest tag ‘Hok Kolorob’ that is trendin...
The protest tag ‘Hok Kolorob’ that is trendin...
Bangladesh global apparel export share to go up 1pc by 2020
Bangladesh’s share of textiles and garment exports to rise from 2.8 percent in 2010 to 3.8 percent in 2020, according to the HSBC Trade Forecast report.
“The strong foothold Bangladesh has in production of apparels will further strengthen growth in total merchandise exports over the coming decade”, a new report from HSBC Bank reveals.
Export value of Bangladeshi ready-made garments rose by 13 percent on the year in the first five months of 2014 after growing by 11.7 percent last year, with US and the EU together importing almost two-thirds.
The ...
Export value of Bangladeshi ready-made garments rose by 13 percent on the year in the first five months of 2014 after growing by 11.7 percent last year, with US and the EU together importing almost two-thirds.
The ...
No extension of ECF deal with IMF: Muhith
Finance minister AMA Muhith on Sunday said the government turned down a proposal from the International Monetary Fund (IMF) to renew the deal on extended credit facility that will expire early next year.
He said the government would also fix a deadline for the Korean Export Processing Zone for full utilisation of 2,500 acres of land they were allocated in 1996 at Anwara in Chittagong.
Muhith was taking to reporters after a meeting with the visiting Asian Development Bank officials at his secretariat office, reports the New Age.
He said ...
He said ...
