The Bangladesh Bank today asked banks to take up to 100 per cent of import payments in advances from businesses while opening letters of credit (LCs) for luxury and non-essential items, in an effort to keep the foreign exchange reserves stable.

Bangladesh Export Processing Zones Authority (Bepza) has paid arrears of Tk 18.11 crore of the workers of A-One (BD) Ltd, a closed factory of Dhaka EPZ (DEPZ).

Turnover at the Dhaka Stock Exchange (DSE) soared today while the benchmark index also returned to black after falling for two consecutive days.

Standard Chartered Bangladesh has recently completed the transmission of the country’s first ever fully paperless and digital cross-border letter of credit (LC).

The Conclave 2022 of ACI Crop Care Business, a subsidiary of ACI Group, took place at Hotel The Cox Today in Cox’s Bazar on July 3.

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) targets exporting $100 billion worth garment items from the country by 2030 as the local apparel suppliers are diversifying the products and markets.

Country’s top telecom operator Grameenphone yesterday launched a 4G smartphone fair ahead of Eid-ul-Azha, offering customers with gifts and internet packages on selected models.

Bangladesh’s trade deficit hit a historic high of $30.81 billion in the first 11 months of the 2021-22 fiscal year, intensifying the pressure on the macroeconomic zone.

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) made the call in a meeting with Abu Hena Md Rahmatul Muneem, chairman of the National Board of Revenue (NBR), at the latter’s office in Dhaka today.

The National Board of Revenue (NBR) today extended the opportunity for edible oil refiners to import and refine the essential commodity by paying only 5 per cent value-added tax (VAT) at the import stage until September 30 this year.

Initially, 11 integrated inspection and monitoring teams were formed to inspect 1,072 buildings.

Nine local ICT talents, the toppers of the Huawei’s Seeds For The Future competition taken place in Bangladesh this year, will go to Thailand to take part in the next round of the event.

Bangladeshi mangoes with its flavour and taste are winning hearts in many foreign lands.

Bangladesh Bank has relaxed loan rescheduling rules for rawhide traders to ensure availability of sufficient funds during Eid-ul-Azha, which is celebrated through animal sacrifice.

Healthcare technology company Augmedix has signed up for on foodpanda’s corporate platform, foodpanda for business.

The prolong in Russia-Ukraine war, energy crisis and increasing inflation are likely to rein in Bangladesh’s present export momentum to Germany in the days to come, German Ambassador to Bangladesh Achim Troster said.

A key objective of issuing a monetary policy statement on the eve of the new fiscal year is to provide forward guidance to the public about the likely future course of monetary policy. When credible, individuals and businesses use this information in making decisions about spending and investments.

The government today signed a $515 million financing agreement with the World Bank to help 9 million people get access to reliable electric supply while transitioning to clean energy.

The government should reconsider its decision to make it mandatory for small and medium businesses to submit proof of income tax return in case of loans of Tk 5 lakh or more, the SME Foundation said today.

Grameenphone said the telecom watchdog’s latest ban on SIM sales is unexpected and the operator will take its next course of action after assessing the regulator’s letter related to the bar.