Islami Bank Bangladesh Limited signed an agreement with the Bangladesh Bank for receiving 'Export Facilitation Pre-finance Fund' under the Islamic Shari'ah-compliant Restricted Mudaraba system, a press release said Wednesday. BB formed a fund of Tk 10,000 crore with the aim of continuing the ongoing development and expansion of export-oriented industries
Tag: export
Walton takes part in CES
Bangladesh's electronics and tech products manufacturing and exporting company Walton has taken part in world's largest and most influential tech event 'Consumer Electronics Show (CES) 2023', a press release said Saturday. This is the first time that a Bangladeshi company joined the world's mega tech event. The products include smart fridge;
BGMEA President calls on Decathlon to source more from Bangladesh
Bangladesh is working to increase its apparel export share in the global market with value-added products, especially by shifting more towards man-made fibre (MMF) based garments. Bangladeshi garments factories were increasingly focusing on scaling up their capabilities in manufacturing high-end apparel while investing hugely to make production processes more efficient and
Envoy Textiles gets export trophy
Envoy Textiles Limited has been awarded National Export Trophy (Gold) for the ninth time as recognition for being the highest foreign currency earner for the fiscal year of 2018-19, the press release said Wednesday. The award was conferred to Envoy Textiles for becoming the country's highest export earning company from
Myanmar earns $10.733m in exports to Bangladesh in 7 months
Myanmar’s export has surpassed imports in the cross-border trade with Bangladesh and 8,620.7 tonnes of exports to Bangladesh was estimated at US$10.733 million between April and October in the 2022, according to a report published in Global New Light of Myanmar. Myanmar’s fishery export accounted for 65 per cent and dried
Nepal to export up to 50mw electricity to Bangladesh
Nepal will initially send 40-50 MW electricity to Bangladesh but promised to supply more after a big power project being implemented in the Himalayan nation will be completed, newly appointed Nepalese Ambassador Ghanshyam Bhandari said on Tuesday. PM's press secretary Ihsanul Karim told reporters that the diplomat made the comment when
BGMEA leaders, Dickson discuss ways to boost RMG export to UK market
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has discussed possible ways to increase apparel export share in the UK with British High Commissioner to Bangladesh Robert Chatterton Dickson. Dickson had a courtesy meeting with BGMEA President Faruque Hassan at BGMEA Complex on Tuesday. BGMEA President hopes for continued support of the British
BEPZA registers record growth in export, investment, employment
Bangladesh Export Processing Zones Authority (BEPZA), the leading investment promotional agency of the country, has hit all-time high growth in its journey of 40 years. In the recently ended fiscal year 2021-22, the authority witnessed a significant rise in all indicators - export, investment and employment, said a press release Wednesday. Exports
Climate Change: Shrimp farming endangered in Khulna
Producers and exporters in Khulna are worried about falling production of shrimps, affecting exports from the region, for hurdles mainly stemmed from climate-induced changes in temperature. In FY2021-22, only 33,271 tonnes of shrimp were exported from Khulna, a sharp fall from 42,489 tonnes in FY2011-12. Industry operators say water bodies are losing
Bangladesh earns $1.36cr from Hilsa export to India
Bangladesh government has earned 1.36 crore US dollars from exporting 1,352 tonnes of hilsa fish to India this year so far, Fisheries and Livestock Minister SM Rezaul Karim said Thursday. Hilsa production has doubled in last 12 years and the rate of production is now 90 percent, he said. The minister revealed