Bangladesh Pauses Borrowing From Japan As JICA Interest Rate Hiked To 3.05%
Bangladesh has paused borrowing from Japan as JICA interest rates on development finance have been hiked to 3.05%, with Dhaka's request for lower rates going unheeded.
227 news articles tagged with "BGMEA"
Bangladesh has paused borrowing from Japan as JICA interest rates on development finance have been hiked to 3.05%, with Dhaka's request for lower rates going unheeded.
WTO chief Dr Ngozi Okonjo-Iweala has backed a reasonable transition period for Bangladesh's LDC graduation, saying graduating countries should not face abrupt withdrawal of support.
Bangladesh's NBR has cut solar equipment import tax from 17% to 1% for 180 days, covering panels, lithium batteries, inverters and mounting structures to accelerate renewable energy expansion.
Bangladesh's retailers have lost up to 30% of sales after shops were ordered to close by 8pm to save electricity, with fashion, footwear and retail sectors reporting significant revenue declines.
The US Federal Reserve has raised interest rates by 25bps to 3.75-4.00%, with Chairman Warsh stressing inflation is 'too high and has been for too long', defying President Trump's demands for cuts.
Huawei says it cannot produce enough AI chips to meet Chinese demand, limiting overseas expansion. The company claims Ascend market share exceeds Nvidia's in China amid US export controls.
Some international clothing retailers are shifting work orders from Bangladesh to other countries for strategic reasons, says BGMEA President, as the trade body pursues new buyers through Japan desk and Hong Kong roadshow.
The US Fed rate hike pressures Bangladesh through currency depreciation, higher import costs, potential RMG demand decline and increased external debt servicing — but remittance and commodity price effects are mixed.
Bangladesh's BPDB has signed agreements with 12 IPPs to add 918MW of solar power by 2028 at Tk 9.12/unit, with rooftop solar plus battery storage incentivised at Tk 10.50/unit.
Bangladesh Bank has directed 13 banks to finalise a rescue plan for Citygroup's Tk 266 billion in unpaid loans by month-end, warning that loan classification deferral will not be extended.
BGMEA, BKMEA, BTMA and BTTLEMA have jointly petitioned GTCL for zonal gas rationing, citing severe supply disparity where 94% of textile factories in Titas area face 97 mmcfd daily shortfall.
Bangladesh Bank's Udyog programme has opened applications, offering young entrepreneurs up to Tk 2 million in blended financing (50% loan + 50% grant) across 64 upazilas in 8 districts.