To facilitate easier importation of specific goods, the Bangladesh Bank (BB) has directed all banks to relax the cash margin rate related to the initiation of import letters of credit (LCs) for 10 types of products, among which are textile raw materials. A recently issued BB circular stated that the directive stipulates that banks should […]
Bangladesh Bank eases import rules for textile raw materials Read More »
Speakers at the fourth Logistics Infrastructure Development Working Committee (LIDWC) meeting at the Bangladesh prime minister’s office (PMO) held recently urged the government to simplify the logistics policy framework to achieve national growth targets and strengthen capacity in trade and investment to reduce cost of business. The committee, which will work with the National Logistics
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The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and H&M Group entered into a deal today to attempt a transition towards a circular and climate neutral garment industry in Bangladesh by reducing carbon emissions by 30 per cent. Helena Helmersson, CEO of the fashion retailer, and Faruque Hassan, president of the BGMEA, inked the memorandum
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