Archive | Industries RSS feed for this section

Beximco’s severe cash crunch may be eased by Sonali Bank

Bangladesh’s state-owned Sonali Bank (SB) has decided to reschedule Tk 982.44 crore of Bangladesh Export Import Company (BEXIMCO) Limited’s loans and extend the repayment period to 2026 to help the conglomerate ride out its severe cash crunch and continue commercial operations. Beximco’s loan rescheduling proposal was approved in entirety last week by the Sonali bank’s […]

Read More Comments Off on Beximco’s severe cash crunch may be eased by Sonali Bank

Bangladesh’s export in the USA declined by 8.42 pct

Bangladesh’s export in the USA declined by 8.42 per cent during the first quarter (July-Sept) of the current fiscal (FY), 2014-15, mainly due to poor performance of major exportable items to the US market, reports UNB. In the same period China, India and Viet Nam increased market share in the USA. Bangladesh exports to the […]

Read More Comments Off on Bangladesh’s export in the USA declined by 8.42 pct

RMG shipments to new markets drop

Bangladesh’s apparel exports to some potential non-traditional markets declined during the first quarter of the current fiscal year, thereby undermining the move to diversify the country’s export base, sources said. Exports to Turkey and Mexico marked drastic drop by 37.54 per cent and 17.69 per cent respectively while to Japan fell by 0.44 per cent. […]

Read More Comments Off on RMG shipments to new markets drop

GMG not paying EUR 15 Mio in dues

Dhaka, Jul 23 (bangladeshinside.com) — An international aircraft leasing firm and Civil Aviation Authority of Bangladesh have filed eight cases against GMG Airlines in connection with around EU 15 million the carrier owes them, reports the Daily Star. The Civil Aviation Authority of Bangladesh (CAAB) lodged seven suits with lower courts while the Los Angeles-based International Lease […]

Read More Comments Off on GMG not paying EUR 15 Mio in dues

NBR directs banks to freeze GMG accounts

Dhaka, Jan 7 (bangladeshinside.com)—The National Board of Revenue (NBR) has directed all banks to freeze accounts of the country’s oldest private carrier GMG Airlines for not paying travel taxes worth BDT 210 million (approx. EUR 2.0 million) since 2005, reports The Financial Express in Bangladesh. The tax authority recently sent letters to 12 commercial banks […]

Read More Comments Off on NBR directs banks to freeze GMG accounts

BDT 26.38 billion Loan Scam

The Sonali Bank will relieve three of its senior officials of their duties for lending BDT 26.38 billion (EUR 263.8 million) to a little-known group beyond their authority, reports the Daily Star. The board of the state-run commercial bank at a special meeting last night decided to take the action to comply with a Bangladesh […]

Read More Comments Off on BDT 26.38 billion Loan Scam

Visa Information for Bangladesh

Visa & Immigration A passport valid for six months longer than your planned length of stay in Bangladesh and at least one blank visa page, visa, and onward or return ticket are required to enter Bangladesh. A number of countries eligible for visitor (tourist) visas on arrival at Hazrat Shahjalal International Airport in Dhaka, Shah […]

Read More Comments Off on Visa Information for Bangladesh

Ready Made Garments (RMG) Sector at a glance

A RMG Worker at work

Up-to-date version of the full report is available for purchase. Up-to-date version of the full report is available for purchase.

Read More Comments Off on Ready Made Garments (RMG) Sector at a glance

পুঁজিবাজারের অপ্রতিরোধ্য পতন সামগ্রিক অর্থনীতিতে বিরূপ প্রতিক্রিয়া ফেলবে

বাংলাদেশের পুঁজিবাজার কতৃপক্ষের আইনসম্মত ও বেআইনী হস্তক্ষেপ, সিন্ডিকেটদের বাজার নিয়ন্ত্রণ, এমনকি অর্থমন্ত্রী প্রধানমন্ত্রীর হুঁসিয়ারী উপেক্ষা করে যখন অপ্রতিরোধ্য গতিতে নিন্মদিকে ধাবিত হচ্ছে তখন শিক্ষা গ্রহণ করতে হবে যে,  শেয়ার বাজারকে জোড় করে নিয়ন্ত্রণ করা যায় না। তাই এখন এ ধ্বসের সুদূর প্রসারী প্রভাব ও সম্ভাব্য প্রতিকার কৌশল নিয়ে ভাবতে হবে। বাংলাদেশের পুঁজিবাজার ধ্বংস হয়ে যাওয়াতে […]

Read More Comments Off on পুঁজিবাজারের অপ্রতিরোধ্য পতন সামগ্রিক অর্থনীতিতে বিরূপ প্রতিক্রিয়া ফেলবে

মার্জিন ঋণের হার বৃদ্ধি করে দরপতন ঠেকানো যাবে না

পুঁজিবাজারে অব্যাহত দরপতন ঠেকাতে ১০ই ডিসেম্মর ২০১১ খ্রীঃ পুঁজিবাজার নিয়ন্ত্রক সংস্থা বাংলাদেশ সিকিউরিটিজ অ্যান্ড এক্সচেঞ্জ কমিশন (এসইসি) মার্জিন ঋণের সীমা ১:১.৫ থেকে বাড়িয়ে ১:২ করেছে । একই সঙ্গে আজকের বৈঠকে সিদ্ধান্ত নেওয়া হয় স্পট মার্কেটে থাকা প্রতিষ্ঠানগুলোকে সাধারণ মার্কেটে স্থানান্তর করার। এ ছাড়া ৩০ জানুয়ারির মধ্যে শিল্পঋণের টাকা সমন্বয় করার বাংলাদেশ ব্যাংকের যে সিদ্ধান্ত ছিল, তা […]

Read More Comments Off on মার্জিন ঋণের হার বৃদ্ধি করে দরপতন ঠেকানো যাবে না

Korean Export Processing Zone at serious risk

korean-epz-01

Instead of handing over the Korean Export Processing Zone (KEPZ) to the investor, the government of Bangladesh plans to take back […]

Dhaka needs to remove its rocky anti-FDI atmosphere

Korean Ambassador to Bangladesh Lee Yun-young

Korean Ambassador to Bangladesh Mr. Lee Yun-young has said Bangladesh should come out from protectionism and open up its market […]

‘Welfare Associations’ to negotiate for rights at Bangladesh EPZ

The Government of Bangladesh today approved, in principle, draft of a labour law for Export Processing Zones (EPZ) with the provision […]

Return of GSP seems far off – a lot more must be done

Bangladesh’s progress in implementation of the National Tripartite Plan of Action on Fire Safety and Structural Integrity (the Action Plan) which provides a […]

Bangladesh halts shutdown of “unsafe” factories

The Bangladeshi government is refusing to shut down garment factories declared unsafe, following a row with independent inspectors over the […]

Yawning gap between pledges and delivery to Rana Plaza victims

Many Rana Plaza victims are yet to receive the promised compensation from the government and retailers, nine months after the […]