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Shahriar Islam Shovon

Bangladesh key economic indicators – Jan 23

DAILY INDICATORS

Wednesday Previous Taka/US $ (inter-bank) 77.75-77.75 77.75-77.75 Call money rate (inter-bank) 05.50-08.00 06.25-08.00 Dhaka Stock Exchange index 4,640.56 4,584.63 --------------------------------------------------------------- indicatorMONTHLY CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Dec. 7.53 7.15 M2 supply (bln taka) (BB) Nov. 6,425.75 6,403.17 Forex reserves ($bln)(BB) Dec. 18.07 17.11 Exports(FOB) ($mln)(BB) Nov. 2,2...

Disproportionate sanctions against pro-Islamist newspaper

Reporters Without Borders is concerned about all the sanctions taken against the pro-Islamist newspaper Dainik Inqilab. In the space of a few hours last week, its print edition was suspended, all of its printing equipment was seized or sealed, and three of its journalists were arrested. “It is wrong for a newspaper to publish false information but the sanctions must not be disproportionate,” Reporters Without Borders said. “The application of the Information and Communication Technology Act to this case and the measures taken against the newspaper are totally excessive”. RWB

Tea up on strong demand for quality leaf

Tea prices in Bangladesh rose at the weekly auction on Tuesday on strong demand for quality leaf, although sales dropped for the large quantity of poor grade supplies on offer, brokers said. teaAt the latest auction, Bangladeshi tea fetched an average of 198.43 taka ($2.55) per kg against 196.93 taka in the previous auction held on Jan. 15, an official from National Brokers Limited said. "Buyers are ready to pay higher price for good quality tea, but higher supplies of poor grade tea pulled down overall sales v...

Airtel puts Bangladesh towers up for sale too

Bharti Airtel has put the company's Bangladesh tower assets on its divestiture list as the world's fourth largest mobile telephony firm seeks to raise more than $2 billion from selling its infra networks to bolster cash reserves, said people directly aware of the matter. The Sunil Mittal-led Bharti has received offers from potential acquirers to sell its tower networks in Africa and Bangladesh in separate deals, they added. Bharti's move to sell its 4,000-strong Bangladeshi tower network is a fresh development, while a deal involving its African towers has been a subject of some speculation. The mobile operator expects at least $200 million from divesting its towers ...

AIBL holds Business Dev Conference

A Business Development Conference of Al-Arafah Islami Bank Limited (AIBL) was held on Wednesday at the bank’s Head Office in the city. Managing Director of the Bank Md. Habibur Rahman presided over the conference, says a press release. 20140122 - AIBL Business Development Conference PressAmong others, Deputy Managing Director  Md. Mofazzal Hossain, Deputy Managing Director  Kazi Towhidul Alam, Deputy Managing Direct...

Green Delta signs deal with IFC

Green Delta Insurance Company Limited has signed an agreement with International Finance Corporation (IFC) on the Corporate Governance workshop at the capital recently. Press release_IFC_2014Under this Agreement, IFC will conduct workshops for the Board of Directors and Senior Management of Green Delta Insurance Company Limited. This is the first time in Bangladesh such an initiative is being taken by both GDIC and IFC, says a press release. Managing Director and CEO of Gr...