BB extends deadline for import payments The central bank yesterday issued multiple notices and extended the deadline of the relaxed rules for foreign exchange businesses in various sectors until March 31 next year. Banks have been asked to accept advance payments of up to $500,000 from businesses seeking to import
Read MoreBB resumes action after three years The central bank purchased US$ 2.63 billion from the commercial banks directly in the first quarter (Q1) of the current fiscal year (FY), aiming to keep the inter-bank foreign exchange (forex) market stable. Official figures show the amount of purchasing the greenback was nearly
Read MoreQ1 exports up by 2.58pc, cross target by 2.45pc The country’s merchandise shipments during the first quarter (Q1) of current fiscal year (FY), 2020-21, grew by 2.58 per cent to US$ 9.89 billion over that of the same period of last fiscal. The July-September export earnings also surpassed the target
Read MoreRegistration of new firms hits an all-time high Registration of new firms in Bangladesh rose to an all-time high of 11,110 in the last fiscal year, highlighting the expansion of business activities and people’s enthusiasm about setting up fresh ventures. The figure is 24.32 per cent higher from the fiscal
Read MoreApparel makers looking to grab global PPE market share With the demand for personal protective equipment (PPE) rising amid the Covid-19 pandemic, a good number of apparel makers have expanded production capacity while some other companies are investing afresh to gain the market share. As the coronavirus continues its deadly
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