Bangladesh, July 15 -- Bangladesh Bank has granted Shinepukur Ceramics a special regulatory waiver to open letters of credit with a 100 per cent cash margin, allowing the listed company to import essential raw materials, keep production running and safeguard jobs.

Advertisement The move marks the second such exemption in recent days after the central bank extended a similar facility to Abdul Monem Sugar Refinery Ltd, despite the high funding costs associated with a full cash-margin requirement.

The central bank exempted the manufacturer from restrictions under Section 27Ka (3) of the Bank Company Act, enabling it to open LCs through Sonali Bank PLC without creating additional banking liabilities.

According to a Bangladesh Bank circula...