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No more sole-sourcing in energy procurement

Staff Reporter : From now on, no tenders will be invited in the energy sector without an open competition, Power, Energy and Mineral Resources Adviser Muhammad Fouzul Kabir Khan said on Saturday. “Due to...

No LC margin bar for 6 crisis-hit banks

No LC margin bar for 6 crisis-hit banks

Staff Reporter : Bangladesh Bank has removed the 100 percent margin requirement for opening letters of credit, or LCs, for five Shariah-based banks and one commercial bank. However, other restrictions will remain effect. From...

Instability hits apparel competitiveness

Kamruzzaman Bablu : Bangladesh, a longstanding leader in global apparel sourcing, faces growing competition from India as vulnerabilities in its supply chain, political instability, and climate-related disruptions take a toll. In 2024, these challenges...