Bangladesh's Corporate World

Bangladesh business news The Canadian government has been requested by Bangladesh Garments Manufacturers and Exporters Association (BGMEA) to ensure that the General Preferential Tariff review does not put any impact of the duty free apparel exports to Canada. The proposed GPT review will have a detrimental effect on the readymade garments industry of Bangladesh. Hundreds of factories will have to be closed down and millions of people will be jobless. The apex apparel body of Bangladesh expressed their concern of the proposed review of the General Preferential Tariff and explained how terrible the impact will be for Bangladesh. It was almost the end of last year that Canadian government decided to review their GPT and proposed some changes in it. According to the review, 72 developing countries will not have GPT facilities which include China and India. Bangladesh has been sent out from the Least Developing Countries category. BGMEA has requested the Canadian government to tak...

Five new commercial banks have achieved the ‘go’ sign from the Bangladesh Bank by complying with the preconditions. This decision was taken at the Central Bank during the meeting of board of directors with the governor Mr.  Atiur Rahman. The issuance of the license is going to take place soon as per the statement of deputy governor of Bangladesh Bank. BB checked business plans of the applicant banks, after which they achieved the No-Objection certificates (NOC). The Banks that gained the NOCs are NRB Commercial Bank, Union Bank LTD, South Bangle Agriculture and Commerce Bank, Meghna Bank LTD and NRB Bank LTD.  Midland Bank LTD also presented their business plan, the board however asked the applicant bank to review and clarify their plans further before representing their business strategies in their next meeting. The five banks will be receiving their NOCs by the Bank Regulation and Policy dept. (BRPD) of the Central Bank, in order for them to be able to register with the R...