Garment Exports to USA Rise 11.15% in August

Despite an overall downturn in the US apparel import market, Bangladesh recorded robust growth in readymade garment exports to the country in August. According to the latest data from the US Office of Textiles and Apparel (OTEXA), US apparel imports from Bangladesh rose by 11.15% compared to the same period last year. However, on an […]Continue Reading

Jet Fuel Price Adjustment

The Bangladesh Energy Regulatory Commission (BERC) has once again increased the price of jet fuel in the country. Under the newly set rates, the price of jet fuel for domestic flights (including duty and VAT) has been fixed at BDT 182.71 per liter. Last month, the price stood at BDT 165.65. This reflects an increase […]Continue Reading

Pay Import And Service Bills Using Foreign Loan Proceeds

Eligible private-sector industrial enterprises in Bangladesh are now allowed to retain approved foreign loan proceeds in foreign currency (FC) accounts. Bangladesh Bank issued a circular yesterday granting permission to open FC accounts in the borrowers’ names to streamline cross-border payment operations under foreign financing. According to the circular, this Continue Reading

Hasina, Aziz Charge Framing Rescheduled for November 1

The International Crimes Tribunal-2 (ICT-2) has rescheduled the hearing on charge framing against 41 individuals, including former Prime Minister Sheikh Hasina, to November 1 in a case involving genocide and crimes against humanity. The charges stem from the violent crackdown on a Hefazat-e-Islam rally at Shapla Chattar in Dhaka on May 5, 2013, and subsequent […]Continue Reading