UK-Bangladesh trade hits record £4.7b in 2022 In a significant milestone in bilateral trade, the United Kingdom (UK) and Bangladesh witnessed a remarkable surge in trade volume, with the total trade reaching a record £4.7 billion ($5.83bn) in 2022. The UK’s Department for Business and Trade released these figures on
Read MoreTougher value addition rules for an RMG segment mulled The government has planned to implement stricter regulations regarding the eligibility criteria for cash incentives provided to garment exporters who rely on materials supplied by their buyers. In another move, the duty concession on the import of materials for luxury hotels
Read MoreLC opening, settlement both fall The opening and settlement of letters of credit (LCs) in Bangladesh fell 26.80 per cent and 8.15 per cent year-on-year in the July-April period of the current financial year. LC opening stood at $56.36 billion in the first 10 months of 2022-23, down from $76.99
Read MoreMaersk building 2.1 lakh square feet warehouse in Chattogram Danish logistics giant Maersk is building a 210,000 square feet warehouse in Chattogram to expand its capacity. The warehouse has been tailor-made to suit the needs of exporters of retail and lifestyle commodities and should be available by April 2024. In
Read MoreBangladesh receives $774M in remittance in first 12 days of May Expatriates have sent $774 million to the country through the banking channel in the first 12 days of May. Majority of the earnings came through the country’s 43 private banks, amounting to $622 million. The state-owned banks brought in
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