Industries, already under huge pressure for the fall in gas supply and higher input costs, have been hit with power outages in the last few days, which have raised the production cost and may force factories to cut output.
Bangladeshs yarn manufacturers said they would check any unusual surge of yarn prices in the domestic market. They also expressed commitment not to increase the prices quoted in the proforma invoices (PI) issued on August 10 at the latest. The decisions came at a meeting with Bangladesh
Commitment to check unusual yarn price hike in local market thebangladeshtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thebangladeshtoday.com Daily Mail and Mail on Sunday newspapers.
Apparel exporters worry over rising yarn prices-569427 daily-sun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daily-sun.com Daily Mail and Mail on Sunday newspapers.
STIMULUS PACKAGES
Exporters seek extension of loan moratorium, repayment periods
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The garment sector has been going through tough times for the pandemic’s second wave, a BGMEA leader said.
Exporters are seeking extensions on both moratorium and repayment period for loans accrued from a government sponsored stimulus package aimed at helping them cope with the pandemic s fallouts.
So far, the government has provided Tk 10,500 crore through banking channels to the export-oriented sectors at only 2 per cent service charge for the payment of workers wages between April and August last year.
While disbursing the fund, Bangladesh Bank incorporated a moratorium of six months, meaning repayments need not start for the first half year s period. The government said the loans needed to be repaid in 18 monthly instalments.