Bangladesh Central Bank's Restrictive Measures Target Import LCs
Bangladesh Bank plans to reduce Import LCs by increasing he margin requirements for opening the LC. See how that affected issuance numbers.
Strengthening Pakistan Rupee "top priority"
PAKISTAN: Ishaq Dar, appointed on 28 Sept as the country’s finance minister for the fourth time, has made strengthening
Indonesian BNI Xpora Program Facilitating Digital Trade
Indonesian BNI Xpora Program Facilitating Digital Trade
AerCap: USD 2.4b Net Charge on Russian Aircraft Leases
First quarter 2022 financial results released by AerCap, the world’s largest aircraft leasing company, indicate it has recognised a USD 2.4b net charge related to the Russian invasion of Ukraine.
Nigeria and Russia to Deal for Fertiliser Raw Materials
In spite of the ongoing Russia-Ukraine war, Nigeria has re-established its link with Russia for potassium and will take June
Pakistan Banks Require Approval Prior to Financing Imports
State Bank of Pakistan (SBP) is requiring all banks to seek prior approval before financing imports.
Afreximbank Reports 30% Increase in LCs in 2021
Year-end 2021 financial results released by African Export-Import Bank (Afreximbank)
Nepali banks to "discourage" Import LCs following "verbal directive" from central bank
Nepali banks said they would follow a “verbal directive” from Nepal Rastra Bank (central bank) to “discourage” traders from opening
Singapore Still Dealing with Hin Leong Fallout
Two years after news of the Hin Leong Trading debacle surfaced and fraud in the commodity trading sector came to light, repercussions are still being felt.
Egypt Facing Higher Wheat Costs
One of the world’s largest importers of wheat, Egypt is facing substantially higher costs for the product for which
Bangladesh: Partnership with Visa for Domestic Settlements
Eastern Bank Ltd. has announced its partnership with Visa Worldwide Pte. Ltd. to offer trustee services towards domestic settlement obligations
Myanmar: Energy companies abandoning gas project
Energy companies TotalEnergies and Chevron are abandoning a gas project in Myanmar.