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Bangladesh to sell naphtha at highest price

Bangladesh Petroleum Corp (BPC) will sell 170,000 barrels of naphtha to MRI Trading in May at a premium of $1.15 a barrel to Singapore quotes on a free-on-board (FOB) basis, the highest price in more than a year and sharply up from a previous sale. Five firms competed for the tender, which was reissued on short supply, for loading over May 28-30 from Chittagong, a BPC official said. BPCThis was the highest bid that BPC has received since March last year. Vitol Asia won the original tender with a premium of 12 cents a barrel, for May 10-12 loading, but the tender ...

BoP surplus dips 16pc in current FY

According to an official, Bangladesh's overall balance of payment (BoP) surplus has declined 16 percent, reaching USD3.89 billion in the first three quarters of the current financial year which ends in June 2014, Xinhua reported. bb"Overall BoP registered a surplus of USD3.885 million in July-March period of 2013-14 fiscal year (July 2013- June 2014)," an official at The Bangladesh Bank (BB) said. In the first three quarters of the last 2012-13 fiscal year (July 2012-June 2013) Bangladesh's BoP surplus reached USD3.948 million, he added. The BB official attributed th...

BJP reaffirms stand against land, Teesta deals with Bangladesh

Prime Minister Sheikh Hasina on Sunday called up the BJP’s prime-minister elect Narendra Modi to congratulate him even as the new government he is set to lead may find it difficult to meet Dhaka’s key expectations. Hours after the call, the BJP reaffirmed its stand of opposing the deal the two countries’ governments had inked during outgoing Prime Minister Manmohan Singh’s visit to Bangladesh in September 2011. bd-indiaHasina and her Awami League government have been upset over the Congress-led United Progressive Alliance government’s failure...

Robi signs deal with Eastcompeace Smart Card

Robi Axiata Ltd, the country’s second largest mobile operator in terms of revenue, and Eastcompeace Smart Card (BD) LTD, a self-service recharge KIOSK company, signed an agreement to enhance mobile phone balance recharge facilities through self-service kiosks. IMG_4158 (Large)In this connection, a small signing ceremony was held at Robi Corportae Office on Monday (19th May 2014). Mahtab Uddin Ahmed, Chief Operating Officer, RobiAxiata Limited and, Managing Director of Eastcompeace Smart Card (BD) LTD, Mr. Ron Lim signed the agr...

DRC-ICAB elects Chairman, Secretary for 2014

The 34thAnnual General Meeting of Dhaka Regional Committee (DRC) of the Institute of Chartered Accountants of Bangladesh (ICAB) was held on 17thMay 2014 at ICAB Auditorium of the Institute. The meeting was approved and adopted Financial Statements of DRC for the year 2012-2013. In the meeting Mr. Mohammad Khairul Alam FCA and Mr. Md. Yasin Miah FCA were elected as Chairman and Secretary respectively for the year 2014. Picture-DRCMr. Mohammad Khairul Alam, FCA was born in 1972. He completed his master in Management from National University....

NRBCB opens branch at Zirabo, Ashulia

The 15th Branch of NRBCB (NRB Commercial Bank Limited) was inaugurated at Zirabo, Ashulia, Dhaka.

_MG_4430Dr. Toufique Rahman Chowdhury Vice Chairman and Chairman, Executive Committee of the Bank inaugurated the Branch on Monday (19 May 2014).

The inaugural ceremony was attended among others by the Alternate Director Mr. Syed Shahjahan, Mr. A K M Mostafizur Rahman and Sponsor Dr Rafiqul Islam Khan. Managing Director & CEO of the Bank Mr. Dewan Mujibur Rahman, Additional Managing Director, Mr. A S M Bulbul, Deput...

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