Factoring in Bangladesh has still been very limited, whereas factoring in most other regions of the world has exploded with the shift towards open account trade.ICC Bangladesh Vice President AK Azad said this at a panel discussion and the certificate award ceremony of the ICC Bangladesh workshop on 'Operation of...
Read moreThe Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has requested Proparco, the financial wing of the French Development Agency, to finance small and medium enterprises (SMEs) in the garment sector in integrating environmental sustainable practices.The call was made on February 18 when BGMEA President Faruque Hassan held a meeting with...
Read moreThe United Kingdom (UK) on Sunday urged Bangladesh to ensure a level-playing field for foreign companies eager to invest and operate businesses in Bangladesh.At the second BD-UK Trade and Investment Dialogue held in Dhaka, the UK invited Bangladesh to engage with their private sector for pursuing a commercial dispute resolution...
Read moreThe branch managers' conference-2023 of Takaful Islami Insurance Limited was held at a city hotel on Friday, said a press release. Takaful Islami Insurance Limited Chairman Tahmina Afroz attended the conference as the chief guest while Chairman of Executive Committee Humayun Kabir Patwary and Chairman of Claim Committee Khorshed Alam...
Read moreThe country's software operators are hopeful of achieving the US $5.0 billion worth of software export target by the year 2025.According to them, the country's current export earning from the sector is estimated $1.4 billion annually. These were stated at a press briefing held in a city hotel on Sunday...
Read morePlastic packaging makers are in deep dilemma facing a disproportionate AIT deduction at 7% on their gross sales which is ultimately absorbed as 'minimum tax' etc. Repeated appeals by chambers & business representatives for redress of this crippling situation remains unheard. In fact, plastic packaging industry is a relatively new...
Read moreSocial Islami Bank Limited arranged a meeting with the Hajj Agencies of Chattogram Region at a hotel in the port city on Saturday. Zafar Alam, Managing Director & CEO of the bank, was present as the chief guest while Mohammad Forkanullah, Deputy Managing Director, presided over the meeting. Chairman of...
Read morePARIS, Feb 19 (AFP): After a year of record sales and profits despite slowing global growth the luxury sector is looking to the reopening of China to deliver further expansion in 2023.The world's largest luxury group LVMH posted a 23-per cent jump in sales to a record of 79 billion...
Read moreLONDON, Feb 19 (AP): The amount of grain leaving Ukraine has dropped even as a UN-brokered deal works to keep food flowing to developing nations, with inspections of ships falling to half what they were four months ago and a backlog of vessels growing as Russia's invasion nears the one-year...
Read moreTOKYO, Feb 19 (Reuters): The US Navy has awarded Lockheed Martin Corp a contract worth up to $2.0 billion related to hypersonic weapon systems, the defence firm said on Friday, amid a global uptick in demand for arms and ammunitions.Under the contract, Lockheed will integrate the Conventional Prompt Strike (CPS)...
Read moreBig agricultural and construction equipment manufacturers in the American Midwest are on a mission to lure Silicon Valley tech workers who have been caught up in a wave of hiring freezes and layoffs, executives told Reuters.Mass layoffs at major tech firms have opened the talent pipeline for Illinois-based Deere &...
Read moreSTUTTGART, Feb 19 (Reuters): Mercedes-Benz Group on Friday warned of lower earnings this year amid economic uncertainty, and said it would look to sell more vehicles directly in major markets such as Britain and Germany as it continues to target high margins on flat volume.The premium automaker expects a lower...
Read moreWASHINGTON, Feb 19 (Reuters): US retail sales increased by the most in nearly two years in January after two straight monthly declines as Americans boosted purchases of motor vehicles and other goods, pointing to the economy's continued resilience despite higher borrowing costs.Coming on the heels of news on Tuesday that...
Read moreSEOUL, Feb 19 (Reuters): South Korean startup Rebellions Inc launches an artificial intelligence (AI) chip last week, racing to win government contracts as Seoul seeks a place for local companies in the exploding AI industry.The company's ATOM chip is the latest Korean attempt to challenge global leader Nvidia Corp in...
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