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Most missions fail to achieve export target      

Fifty percent, a total of 26 missions out of 52 abroad have failed to achieve export earning target for the just-ended fiscal 2013-2014, and the proceeds from external trade experienced a shortfall of the target by 13.17 percent. The rest 26 missions achieved export earning target, surpassing by 11.41 percent. Meanwhile, 12 commercial wings of the government out of 17, could not achieve the target for the year, according to the Export Promotion Bureau (EPB). export-importThe earnings fetched by the successful missions were 24.6...

Solar-powered recharge stations for Easy Bikes on cards  

Seven solar-powered recharge stations for battery-run auto-rickshaws, known as ‘Easy Bikes’, are going to be set up in private sector in the country under a pilot project. Besides, according to official sources, technical modification will be brought in the Easy Bike’s body shape to make it safer and more useful to ply local streets, not the highways. The sources said the Power Division has taken the move to implement such a pilot project as the highest level of the government has shown keen interest in it. solarThe idea of the project is that...

Brazil condemns Israel pulling out ambassador from Tel Aviv

In a statement on Wednesday, Brazil condemned what it said was a  “disproportionate use of force” by Israel in its Gaza Strip offensive by pulling out its ambassador from Tel Aviv for “consultation.” The country is the second country to recall its ambassador from Israel; Ecuador did so earlier in the week. At first, the official reaction from Israel appeared sanguine. “Brazil is a friend, but we think its position is not balanced,” Israel’s general consul in São Paulo, Yoel Barnea, said according to the Wall Street Journal, adding that Israel should have a right to defend itself from the thousands of missiles being fired at it by Hamas and other Palestinian groups.

Banks have to inform clients about inoperative ATM, POS

Bangladesh Bank will ask scheduled banks to inform clients by sending SMS and email on mandatory basis if they stop their Automated Teller Machines and Pont-Of-Sale services due to unavoidable circumstances, said officials of the central bank. The BB will issue a circular tomorrow in this regard asking the banks to ensure the operating process of their ATM and POS service round the clock, a BB official told New Age on Thursday. The central bank will ask the banks to keep sufficient money in their ATM booths so that the clients can withdraw money at any time from the booths. Besides, the banks will have to place notice before the deactivated ATM booths, according to the official. He said some banks were now frequently stopping their ATM and POS services without

Facebook introduces new ‘Save’ button

Facebook, an ever expanding social media platform with a good Research and Development, has introduced a new feature on their site called “Save”. As the name suggests, it saves a post, to be read/watched/listened to, for later use. Everyday Facebook users find interesting posts on their “Wall”, which they are unable to go through at that particular time. The “Save” feature enables the users to save the post for later in their profile (the saved post is visible only to the user unless it is “Shared”) and have an easy access to it when free. [caption id="attachment_3474" align="alignleft" width="300"]

BB keeps key policy rates unchanged

Bangladesh Bank has decided to keep the key policy rates unchanged as it sees risks to the inflation outlook for the current fiscal year. The repurchase rate will remain unchanged at 7.25 percent. “The persisting inflationary pressures over the past few months with the risks ahead related to the inflation outlook imply that achieving the FY15 inflation target of 6.5 percent will be challenging,” BB said in its monetary policy statement issued today. bbThe central bank set the ceiling for private sector credit growth at 16.5 percent. BB views the figure as indic...
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