BB eases offshore banking rules The Central Bank recently revised its policy to allow local industrial enterprises to take foreign currency loans from Offshore Banking Units (OBUs) as a concessionary move towards Banks. An offshore banking unit is a Bank’s shell branch that conducts regular banking activities but in foreign
Read MoreFootwear retailers eye Tk 3,000cr sales this Eid Footwear manufacturers and retailers are looking to rake in Tk 3,000 crore in sales this Eid-ul-Fitr as sandals and shoes are high on the shopping lists of customers from all walks of life. According to Nasir Khan, MD of Jennys Shoes Ltd.,
Read MoreBangladesh has highest number of green garment factories Ten more garment factories received the top billing from the United States Green Building Council (USGBC) to take the total to 24, the highest in the world, in a heartening development for Bangladesh’s apparel sector, whose image has been battered by incidents
Read MoreDSE, CSE rebound after ICB received Tk 7.60 billion Stocks posted marginal gain on Wednesday as investors showed their buying appetite on sector-wise shares after the Investment Corporation of Bangladesh received Tk 7.60 billion from the Central Bank. According to market analysts, the stocks rebounded after the news that the
Read MoreGovt endorses Tk 2.02t ADP for FY 20 The government has approved a Tk 2.02-trillion Annual Development Programme (ADP) for the next fiscal year (FY), 2019-20, which is 21 per cent higher than the allocation for the current FY. According to Planning Minister M A Mannan, presided over by Prime
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