Letter of Credit (LC)

Infograph: TBS
Economy

Credit line cuts by foreign banks, rising LC confirmation charges add to inflation woes

LC confirmation charges have jumped to 4%, up from 2.5%-3% earlier this year, adding significant financial strain on importers

Bangladesh Bank. File Photo: Mehedi Hasan/TBS
Banking

Banks asked to enter LC info into Cenbank’s dashboard within 8hrs

TBS Infograph
Banking

High LC confirmation fees make imports costlier

Representational image. Photo: Collected
Economy

Traders want alternatives to LC to keep imports normal

Tipu Munshi. TBS Sketch
Economy

Central bank to form crisis management cell over LC opening issue: Tipu Munshi

A World Bank Group study revealed that a reduction of container release time in CTG port by one day would increase export by 7.4%. Photo: Mohammad Minhaj Uddin
Economy

LC for capital machinery down by 65%, to have long-run effects on exports: Experts

U.S. one dollar banknotes are seen in this illustration taken February 8, 2021. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo
Banking

Banks must inform BB before opening import LC worth $3m or above

Bangladesh Bank tightens import to save forex reserve
Banking

Bangladesh Bank tightens import to save forex reserve

Covid-19 vaccine bottling to be delayed by 3 months
Covid-19 in Bangladesh

Covid-19 vaccine bottling to be delayed by 3 months

Photo: Collected
RMG

Bar on back-to-back LC for non-bonded exporters likely to go

Photo: Mumit M
Economy

Ministry steps in to back exports by non-bonded apparel-makers

Photo: Collected
Markets

415 companies to import 17.02 lakh tons of rice on Govt permits