Weather, politics affect food markets: FAO
Weather conditions in various countries and political tensions in the Black Sea region have made food markets more volatile, FAO reports in the new Food Outlook.
In its first major forecast for 2014, FAO puts cereal production at 2 458 million tonnes (including milled rice), down some 2.4 percent from the 2013 record, though global output is still expected to be the second largest ever.
The decline is likely to be more pronounced for coarse grains. Still, inventory levels remain fairly good. Analysts say there is no cause for concern at this early stage before the main 2014/2015 seasons get underway, according to a FAO press release.
No scope for money whitening in new budget
The upcoming national budget for 2014-15 financial year (FY15) is unlikely to leave any scope for whitening black money as people have been offered for years.
“We have given the chances (money whitening) repeatedly, but the next budget would have no such provision,” Finance Minister AMA Muhith told the consultative meeting of the National Revenue Board (NBR), held at a city hotel on Thursday.
According to NBR, some Taka 13,808 crore was whitened between 1971-72 and 2012-13 financial years, BSS reports.
The finance minister, however, sai...
According to NBR, some Taka 13,808 crore was whitened between 1971-72 and 2012-13 financial years, BSS reports.
The finance minister, however, sai...
Huawei launches Ascend P7
Huawei, a leading global information and communications technology (ICT) solutions provider, unveiled the highly anticipated Huawei Ascend P7.
Building on the success of Huawei Ascend P6, the new 4G LTE-enabled smartphone redefines smartphone excellence with top-notch features, ultra-fast connectivity and easier navigation in a beautifully-crafted design that places it in a class of its own.
With a 5-inch full high definition display, industry-leading 8MP front-facing and 13MP rear-facing cameras, and the latest intuitive Emotion UI 2.3, Huawei Ascend P7 will Make it Possible for people to express excellence with edge, anytime, anywhere.
Agrani Bank 7th annual general meeting held
The 7th Annual General Meeting (AGM) of Agrani Bank Limited was held at Hotel Ruposhi Bangla, Dhaka on Wednesday (May 07, 2014). Dr. Khondoker Bazlul Hoque, Chairman of the Board of Directors presided over the meeting. Mr. Amalendu Mukharjee, Aditional-secretary of Bank and Financial institutions Division as a Representative of the Ministry of Finance was present in the meeting.
Among others, members of the Board of Directors of the Agrani Bank Ltd, Managing Director & CEO, Deputy Managing Directors, General Managers and Company Secretary of the bank were also present at the meeting.
Nafisa crowned Robi Women of Excellence
Nafisa Binte Yousuf crowned Robi Women of Excellence, a competition organized by the fast growing mobile phone operator Robi Axiata Limited on Wednesday (07 May, 2014). Sufia Begum and Umme Ayman Tasnim becomes 1st and 2nd runner up respectively.
Chief Guest Begum Motia Chowdhury, MP, Minister, Ministry of Agriculture, H.E.Madam Norlin Othman, High Commissioner of Malaysia and Mr. Supun Weerasinghe, Managing Director& CEO, Robi Axiata Limited awarded crests to the winners.
Mahtabuddin Ahmed, Chief Operating O...
Mahtabuddin Ahmed, Chief Operating O...
Textile sector regulatory body reformed
The cabinet has given its nod to change the regulatory body for the textile sector. As per the decision, the Department of Textiles under the Ministry of Textiles and Jute would serve as patron of the country’s textile sector.
The decision, made in accordance with a recommendation made by the National Council of Industrial Development, relieves the Board of Investment from its duties as the regulatory and responsible body for the textiles sector of the country.
In October 1992, the then Government in its Industrial Policy 1991 had stated that...
In October 1992, the then Government in its Industrial Policy 1991 had stated that...
