Export of agro-products rises 27pc The country’s export earnings from processed agro-products crossed US$635 million in fiscal year (FY) 2017-18, thanks to the growing global demand. The amount was around 27 per cent higher than that of $500 million in FY ’17. It has registered a 502 per cent rise
Read MoreBD may get ‘competitive’ edge: BB assessment The ongoing US-China trade tension may create a short-term “competitive advantage” for Bangladesh in both import and export sectors, according to an assessment of the Bangladesh Bank. But the central bank, in the quarterly assessment report published last week, made it clear the
Read MoreBB relaxes rules on forex forward buy-sale The central bank has relaxed regulations on forward sale and purchase of foreign exchange (forex) to bring dynamism in hedging transactions. Following the relaxations, non-deliverable forward (NDF) contracts will be facilitated to minimise exchange rate risk in the market. Besides, customers are allowed
Read MoreBB frames guidelines to help cut NPLs The central bank has introduced guidelines on the Internal Credit Risk Rating System (ICRRS), aiming to reduce the volume of classified loans through maintaining credit risk exposure within acceptable levels. The guidelines along with a model will be a valuable addition to the
Read MorePM urges businesses to diversify products, explore new markets Prime Minister Sheikh Hasina urges on Sunday the business community to diversify their products and explore new markets in the world for their items availing of government support, reports UNB. The Prime Minister said this while inaugurating the ‘Destination Bangladesh: Gateway
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