Rice imports soar amid high domestic prices
The country’s rice import value has increased to about $229.59 million during the first nine months of the fiscal year 2013-14 (July 2013 - June 2014), up nearly fourteen times from about $15.81 million recorded during the same period in FY 2012-13, according to a report released by the Bank of Bangladesh (BB).
According to data from Food Ministry, Bangladesh imported around 374,560 tons rice as of May 19, 2014, of which around 371,500 tons are imported by private sector and only 3,060 tons are imported by the government. Bangladesh imported 28,930 tons rice in FY 2012-13 (25,270 tons by private sector and 3,660 tons by the government).
Tea prices plunge on poor local demand
Tea prices in Bangladesh dropped on Tuesday at the second auction of the new season on weak demand from local buyers despite the arrival of fresh and good quality leaf, brokers said.
Bangladeshi tea fetched an average of 183.82 taka ($2.3) per kg at the auction, down from 194.27 taka at the first auction of the new season, an official at National Brokers Limited said.
Major buyers were back at the market on the arrival of fresh leaf as new season started, although demand were still weak that left huge volume of tea unsold, the official said.
Nearly 94...
Major buyers were back at the market on the arrival of fresh leaf as new season started, although demand were still weak that left huge volume of tea unsold, the official said.
Nearly 94...
Export privileges to US sought on climate vulnerability grounds
Citing its increasing vulnerability to the impacts of climate change, Bangladesh has sought exemption from quotas and duty for all its exports to the United States.
US trade representatives have said they will consider the call for “duty free, quota free” privileges, according to Bangladesh’s commerce secretary, Mahbub Ahmed.
Such a rule change, if adopted, would make Bangladesh one of the first countries to receive duty reductions for “economic vulnerability” because of climate change.
Increased ...
Increased ...
SJIBL 40th Shariah Council meet held
The 40th meeting of Shariah Council of Shahjalal Islami Bank Limited (SJIBL) was held at its Head Office Board room on May 18, 2014. Chairman of SJIBL Shariah Council Hazrat Maulana Mufti Abdur Rahman presided over the meeting.
In the meeting Annual Report-2013 and Balance Sheet of SJIBL was approved. Shariah Audit Calandar 2014 and Shariah workshop Schedule, issues related to investment in the light of Shariah compliance was discussed at the meeting.
Among others Vice Chiairman of the Board of Directors of the...
In the meeting Annual Report-2013 and Balance Sheet of SJIBL was approved. Shariah Audit Calandar 2014 and Shariah workshop Schedule, issues related to investment in the light of Shariah compliance was discussed at the meeting.
Among others Vice Chiairman of the Board of Directors of the...
Pubali Bank introduces SMS based banking service
Pubali Bank Limited- the largest private bank of the country has introduced SMS based banking services for the customers. Customers of Pubali Bank will get the facilities of banking and transactions under this service through SMS. Managing Director & CEO of Pubali Bank Ltd. Helal Ahmed Chowdhury inaugurated the service as Chief Guest at a ceremony in Bank’s Head Office recently. Additional Managing Director M.A. Halim Chowdhury and Deputy Managing Director Safiul Alam Khan Chowdhury were present as Special Guests.
This SMS based banking service of Pubali Bank Limited is powered by SSL Wireless. Managing Director of Pubali Bank Ltd. Helal Ahmed Chowdhury and Managing Director of SSL Wireless Sayeeful Islam signed an agreement related this service.
City commuters in scarcity of public sanitation
Speakers in an event in the capital have expressed concern over the public sanitation system in the city, especially for the commuters. They have urged to construct proper sanitation facilities, primarily safe and hygienictoilets, for the commuters.
The event was organised marking inaugural of a new public toilet at Gabtoli Bus Terminal in the capital. Dhaka North City Corporation has constructed the establishment with support of H&M Conscious Foundation through WaterAid Bangladesh.The public toilet will have separate toilet chambers and shower facilities for men and women and persons with disability. It will also have a left luggage locker service for the toilet users.
