Bangladesh seeks new investments from UK Bangladesh has sought new and enhanced investments from the UK in different sectors, including clean energy, ICT and agriculture. Foreign Minister AK Abdul Momen had a meeting with Lord Karan Faridoon Bilimoria, a crossbench member of the British House of Lords and former president
Read MoreHow inflation leads to liquidity crunch in banks Soaring commodity prices have put pressure on bank deposits as people are barely having any money left to park in banks after meeting the increased cost of living, some are even breaking their deposits to have both ends met. On top of
Read MoreDhaka Bank raises Tk 900cr for Bashundhara Oil Dhaka Bank Ltd has arranged a syndicated loan of Tk 900 crore for Bashundhara Oil and Gas Company Ltd (BOGCL) to help it set up a plant to refine crude petroleum products. Other lenders are Southeast Bank, Social Islami Bank, NRB Bank, South
Read MoreBangladesh’s RMG export to US rises 53.54pc Bangladesh’s garment shipment to the country’s single largest export destination, the USA, rose 53.54 per cent year-on-year to $6.64 billion in the January-August period of the current year, according to data from the USA’s Office of Textiles and Apparel (OTEXA). Bangladesh remained the
Read MoreBB eases single borrower, large loan exposure limit clauses The Bangladesh Bank (BB) has relaxed conditions on single-borrower and large-loan-exposure limit in order to support industrial growth by ensuring competitive financing. “In case of credit facilities, provided to the government or against government guarantees, and against guarantees provided by Multilateral
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