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The unsold yarn at the spinning mills of Bangladesh is piling up abnormally because of a fall in work orders by 30 per cent for apparel items from international clothing retailers and brands.
The Bangladesh Bank today raised the interest rate for loans from its export development fund (EDF) by 1 percentage point with a view to making borrowing costlier and thus saving foreign currencies.
New Age, a Dhaka-based leading English language daily newspaper, is a major source of news of Bangladesh and international affairs
The stable outlook reflects the move to greater exchange-rate flexibility
A strange surfaced recently as source recently unraveled that an Indian company's software was used for the E-cabinet portal.