Business

The cash incentive would be effective from July 1 this year Bangladesh Bank (BB) on Tuesday issued a circular on providing 2% cash incentive for money to be remitted through banking channel into the country. The cash incentive would be effective from July 1 this...

Expatriate Bangladeshis sent US$ 1,597.66 million remittances during the first month of the current fiscal 2019-20, which is apparently 21.20 per cent higher than the same period of the preceding year, according to a Bangladesh Bank (BB) data. The country received $1,318.18 million remittances during the July...

The factory activity in China contracted in July for a third month amid a tariff war with US and weak domestic demand. According to a monthly index, released on Wednesday by an industry group, the China Federation of Logistics and Purchasing stood at 49.7 on a 100-point...

The Sri Lanka Apparel Exporters Association (SLAEA), with assistance from the Joint Apparel Association Forum Sri Lanka (JAAFSL), is urging the Board of Investment (BOI) to expedite formalities for setting up a dedicated textile processing zone. A request for allotment of 200 acres has been made to...

The earnings are 26.77% higher than the target of $5 billion set for the year, according to the Export Promotion Bureau (EPB) data released on Thursday Bangladesh's export earnings from services sector rose by 46.06% to $6.33 billion in the last fiscal year riding on higher...

The 3rd edition of Denimsandjeans India, held recently in Bangalore, witnessed the highest buyers’ turnout in its all 3 seasons. With over 40 exhibiting companies from over 7 countries, the show brought all the leading retailers, brands, buying houses and factories from India as well as overseas...

Indian high commissioner to Bangladesh Riva Ganguly Das recently met Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Rubana Huq at the latter’s office to discuss ways to further move forward existing trade relations between the two countries. Ganguly Das said the duty-free export of Bangladeshi apparel...

The country’s leading medicine exporter Beximco Pharmaceuticals Limited has commenced export of a blood pressure drug, Nadolol, to the US market. Nadolol tablets (20mg, 40mg and 80mg) are the generic equivalent of Bristol-Myers Squibb’s Corgard tablets for treating hypertension and angina pectoris (chest pain). This is Beximco’s...

Bangladesh Bank (BB) on Tuesday signed participation agreements with five banks and two non-bank financial institutions (NBFIs) to strengthen economic sustainability of the readymade garment (RMG) sector. Under the agreements, the central bank has enlisted the banks and FIs as the Participating Financial Institutions (PFIs) under the...

Germany is going to provide 200 million euros, or Tk 1,846.6 crore, to Bangladesh to implement a number of development projects, the Economic Relations Division (ERD) said in a statement. Of the fund, 172 million euros will be provided as economic cooperation and 28 million euros as...