Bangladesh is a maritime country with 710 KM of coastline at the vertex of the Bay of Bengal. It has two major seaports largest, and busiest one is in Chittagong and the other port is in Mongla at Khulna. Another port named Paira in Potuakhali District is under construction. Besides, a deep sea port named Matarbari Port is under construction for importing coal required... Read More
Summary The Bangladesh Bank has ordered to tighten observation to be additional cautious to prevent group action and alternative activities relating to cryptocurrencies together with bitcoin. Content The Bangladesh Bank has asked scheduled banks to not provide any support services concerning transactions of cryptocurrencies and to strengthen their observation capability to stop any such activities. The BB on weekday issued a circular during... Read More
Summary The Directorate General of Trade Remedies (DGTR) of India has advised the finance minister to once more apply anti-dumping duties for an additional five years on Bangladeshi exports of jute products. Content On October 10, the supreme national authority of India, which is in charge of overseeing all trade corrective actions, released a gazette notification in this respect on its website.... Read More
SUMMARY Bangladesh`s central bank has made it clear how much cash money changers are allowed to keep. Money changers that deal in foreign cash currency in the domestic market may hold a maximum of Tk 50 lakh on hand. The country's reserves have been dropping, and banks have been experiencing a shortage of liquid dollars. CONTENT According to a directive provided in... Read More
SUMMARY: Bangladesh Bank is set to extend the due date for repatriating trade incomes by six months. It is additionally amplifying the usance period for imports by an extra six months and giving money-related motivations to settlements made by Bangladeshi troops serving UN missions in arrange to soothe the burden on outside trade saves. The Bangladesh Bank reports that the... Read More
SUMMARY The Bangladesh Bank (BB) eased conditions on single borrowers and large loan exposure limits. Restrictions will not apply in case of credit facilities provided to the government or against government guarantees. The circular will come into force immediately, according to a circular issued by the central bank. CONTENT To extend support in Industrial expansion and guarantee competitive financing, the Bangladesh Bank... Read More
Under the new Budget, shareholding percentage has been amended for amalgamation. Now shareholders holding at least 75% (previously 90%) of the value of shares in the amalgamating company (which now includes foreign companies, where there is foreign shareholding in a Bangladeshi company) become shareholders of the amalgamated company. Also, capital gain arising from any transfer of capital asset in a... Read More
SUMMARY According to the Indian Prime Minister, talks on a bilateral Comprehensive Economic Partnership Agreement between India and Bangladesh would shortly begin (CEPA). The main goal of the CEPA is to close the trade imbalance between the two countries, with a focus on trade in goods, services, and investment. CONTENT On August 22nd, given that both sides agreed to a joint review... Read More
Summary Cryptocurrency trading, virtual assets and virtual currencies risk is primarily related to its volatility. They are risky and speculative, and it is important to understand the risks before starting to trade. They are volatile, and unexpected changes in market sentiment can cause sharp and sudden price movements. Also, there is a possible security issue. Content The central bank has once again... Read More
Summary Due to several interrelated variables, including increase in imports, increase in international travels, moderate exports and a decline in remittances, the value of US dollar is rising high in Bangladesh which may put an inflationary pressure on Bangladesh. Content The exchange rate of dollar has suggested the current state of the economy. The US dollar rate was in a stagnant state.... Read More
