MNA Business Desk: The country’s readymade garment (RMG) sector is facing some problems in supply chain due to coronavirus outbreak, but there is no negative impact on the export of RMG products. Top government officials came up with the statement at an inter-ministerial meeting at the Prime Minister’s Office (PMO) in the city recently, reports BSS on Wednesday. Prime Minister’s Principal Secretary Dr Ahmad Kaikaus presided over the meeting on ‘Prevention and treatment of COVID-19 and fixing measures to face the impact of Coronavirus on Bangladesh’s Economy’. Finance Secretary Abdur Rouf Talukder, Senior Secretary of the Banking and Financial Institutions ...
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Govt launches $10.0m fund for 650 firms to boost export
MNA Business Desk: The government has launched a $10.0 million fund for 650 firms in four sectors to be distributed over three years with the help of the World Bank. Commerce Secretary Md Jafar Uddin inaugurated the Export Readiness Fund at the Sonargaon hotel in Dhaka on Sunday, reports bdnews24.com. The fund aims to directly assist firms in the four sectors – leather and leather goods, footwear, plastics, and light-engineering. The government will distribute the fund in three categories, starting from a maximum of $5,000 to 400 companies each. As many as 200 other firms will get up to $40,000 ...
Read More »PM assures exporters all-out support to expand export basket
MNA Editorial Desk: Prime Minister Sheikh Hasina has assured the country’s businesspeople of extending all-out cooperation to them in producing diversified products and exporting those to new markets across the world. “Our government is always active to produce new products and explore new markets across the world for expanding the export basket,” she said. “You’ll get all-out support from us in this connection. We can give you this assurance,” she added. The Prime Minister said this while addressing the Bangladesh Leather Footwear & Leather Goods International Sourcing Show (BLLISS) at BICC in the capital on Wednesday. LFMEAB together with the ...
Read More »Bangladesh to start glorious journey in motorcycle export: Tofail
MNA Business Desk: Bangladesh has started a glorious journey in its industrialization by stepping into the global market through exporting motorcycle to Nepal, commerce minister Tofail Ahmed said on Saturday. “For encouraging local two-wheeler manufacturers, the government would announce cash incentives for them in the coming budget and would slap higher duty on import of bikes to accelerate the growth of the local automobiles industry,” he said while launching export of Runner brand motorcycle to Nepal. The minister inaugurated the export programme of the bikes of local manufacturer Runner Automobiles Limited at a ceremony on its factory premises at Bhaluka ...
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