The Board of Investment (BoI) on Monday approved US$ 60 million loan for seven projects. The approval came at the 77th meeting of the BoI Security Committee held at the Bangladesh Bank (BB) Bhaban with its governor Atiur Rahman in the chair. An amount of US$ 32 million was approved for ACME Laboratories Ltd while US$ 10 million for Renata Ltd, US$ 8 million for Aswad Composite Ltd, US$ 4.1 million for Cutting Edge Industries Ltd, US$ 1.2 million for MBM Garments Ltd, US$ 3 million for Cosmopolitan Industries Ltd and US$ 1.4 million for Dan Foods Ltd.
The highest interest rate for the projects has been fixed at ‘3-month Libor (London Interbank Offered Rate) + 4.5 percent per annum’, said a handout. The committee approved US$ 819 and US$ 1,490 as million foreign 2011 and 2012 respectively. – UNB
