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Bangladesh Bank sticks out machinery import loans
Bangladesh Bank has extended the loan tenure for foreign exchange loans under buyers and suppliers credit for importing capital machinery. Industrial entrepreneurs can now secure loans for up to three years, up from the previous one-year limit, reports UNB. In addition, the central bank has...
6,520 MT of Indian rice imported via Satkhira's Bhomra in 8 days
Bangladesh has imported 6,520.21 metric tonnes (MT) of rice from India through the Bhomra Land Port in Satkhira over the past eight days, a move authorities hope will help stabilize the countrys rice market. The import process began on November 13, following the National Board of Revenues (NBR)...
LC Margin for fertilizer imports relaxed
The import procedure for fertilizer has been streamlined to ensure a steady supply to farmers at the grassroots level. The Bangladesh Bank has relaxed the LC (letter of credit) margin for fertilizer imports, allowing LCs to be opened with a minimum margin, depending on the bank-customer...
Trump's key appointments so far: A look at his picks for top positions
President-elect Donald Trump is beginning to appoint key figures to his second administration, focusing on aides and allies who were among his most steadfast supporters during the 2024 campaign. Heres a look at the individuals he has selected for key positions so far. Susie Wiles has been...