Central Bank Lowered Interest Rate To Ease Bangladesh Clothing Enterprises Dilemma
The Central Bank of Bangladesh (BB) has 270 poor situations.
Clothing enterprise
The interest rate dropped sharply from 15% to 8%.
BB executive director Jahangir Alam (Jahangir Alam) and Bangladesh
Garment manufacturing
and
Exporter
After a meeting between leaders of the Association (BGMEA), BB governor Atiur Rahman informed that even if the interest rate was reduced to 8%, the owners would also assume 5% of the rest.
interest rate
It will be subsidized by the government.
Mr. Alam said that the BB initiative would help troubled garment owners to get loans at a rate of 8%, thereby helping businesses recover from heavy losses.
He further revealed that 88 out of 280 companies were private.
business
The bank has the money, while the remaining 182 companies owe the money of the public commercial bank.
According to the appeal of clothing exporters, President BB agreed to export development.
fund
From the current US $400 million raise.
However, he did not disclose the number of newly upgraded export development funds.
In addition, the central bank also reduced the current 120 day export repurchase time, in order to allow the country to withdraw foreign exchange in a shorter time.
Mr. Alam said that because of the long time for foreign exchange, Bangladesh still has 2 billion dollars to be withdrawn.
He further said that BB will soon provide second stimulus packages for garment exporters to balance their business backsliding due to the global economic slump.
However, he did not disclose any details of the second package stimulus plans.
- Related reading
- Market trend | Home Textile Industry Pattern Shuffling Specialization And Individualization Is The Way Out
- Market trend | Introduction Of Cotton Prices In Hebei, Hengshui And Guangzong In September 21, 2012
- Equipment matching | How To Maintain And Maintain Clothing Inkjet Plotters
- Market trend | Home Textile Industry: Finding A Breakthrough From Product Design And Marketing Strategy
- Shanghai | Yihe - Donghua University Functional Fiber And High-End Professional Wear Research And Development Center Will Be Established.
- Market trend | Men'S Wear Designer: Fashion Group Monopoly Market Prospect Is Worrying.
- Market trend | Cotton Prices In Hebei, Xinji And Handan In September 21, 2012
- Market trend | New York Fashion Week: "Move To" Chunxi Road'S Intimate Contact With The International Brand
- Market trend | Introduction Of Cotton Prices In Shandong And Anhui Anqing In September 21, 2012
- brand building | 电商纷纷开发自有品牌 是昙花一现还是真正的春天？
- Shopping Malls Only Need More Than 20 Yuan Online Shopping To Reveal The Causes Of The Price Difference Of T-Shirts
- In 2011 1-4, Kampuchea'S Clothing Exports Increased By 40% Over The Same Period Last Year.
- 让郑州服装搭上时尚快车
- Clothing Brands Rely On Traditional Cultural Elements, And The Strength To Go Out Should Not Be Underestimated.
- Swimming Wear Festival, New Culture In Huludao
- Big S Hai Qing Spoil Clothes &Nbsp; Thousands Of Big Brands Wear Hundreds Of Yuan Foreign Trade Goods.
- Lining's "Faucet" Status Is Hard To Guarantee, And The Sporting Goods Market Is Shuffled.
- Shanghai Defu Lun R & D And Production Of Cool Jade Fiber
- Online Shopping Luxury Is Still &Nbsp, And User Experience Needs Improvement.
- India Andhra Pradesh Textile Traders Suspend Business To Protest VAT