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Taka to Dhaka keep declining

Cash remittances to Bangladesh from its global diaspora of migrant workers – the country’s second-largest source of foreign exchange behind the garment industry – continue to slide. The Bangladesh Bank, the country’s central bank, reported that in January, such remittances totaled $1.25 billion, a 5.8 percent decline from the year-earlier period, and the sixth consecutive month of falling inflows. From July 2013 to January 2014, the first seven months of the current fiscal year, remittances amounted to $8 billion, a 9 percent drop from the comparable year-ago period. [caption id="attachment_4186" align="alignleft" width="300"]

Tea prices, sales dip on supply glut, poor grade

Tea prices in Bangladesh fell nearly 11 percent at an auction on Tuesday as the volumes offered were the highest for the season so far and included a higher percentage of low-grade leaf, brokers said. At the latest auction, Bangladeshi tea fetched an average of 160.26 taka ($2.06) per kg against 180.03 taka in the previous week’s auction, when prices fell 2 percent, an official from National Brokers Limited said. teaMore than 3.33 million kg of tea was offered at the auction centre in Chittagong, with almost 63...

Newly elected CSE Board visits BSEC

The newly elected Board of Directors of Chittagong Stock Exchange Limited led by CSE Chairman Dr. Muhammad Abdul Mazid made a courtesy visit to BSEC Chairman on Wednesday. IMG_3230BSEC Chairman Professor Dr. M. Khairul Hossain along with four members Professor Md. Helal Uddin Nizami, Md. Amzad Hossain, Arif Khan, Md. Abdul Salam Sikhder and all executive directors of BSEC welcomed the board of directors of CSE. In this visit they have discussed about to open CSE broker house branches, derivatives market...

BWCCI to promote SMEs through SS-Gate

Bangladesh Women Chamber of Commerce and Industry (BWCCI) signed a working agreement with The South-South Global Assets and Technology Exchange (SS-GATE), a UNDP project to promote  Bangladeshi  SMEs  specifically  in  the  southern  region  of  the  world.  The  signing ceremony took  place in  Doha,  Qatar  on the  first  day  of the First  Arab  States Regional  South-South Development  EXPO, 18  February  to  20  February  2014. BWCCISelima Ahamd, Founder President and Chairperson of Women Entreprnenurship Development and Program committee of  B...

IBBL launches VISA Debit Card

Islami Bank Bangladesh Limited (IBBL) announced the launch of its next generation Islami Bank VISA Debit Card. Dasgupta Asim Kumar, Executive Director, Bangladesh Bank at a local hotel on Wednesday  formally inaugurated the launch of the card as chief guest. Presided over by Mohammad Abdul Mannan, Managing Director and CEO of the Bank, the ceremony was addressed as special guests by K.M. Abdul Wadood, General Manager, Bangladesh Bank and Uttam Nayak, Group Country Manager, India and South Asia, VISA. AKM Abdul Malek Chowdhury, Deputy Managing Director, IBBL addressed welcome speech in the ceremony. 04

Airtel introduces the first ever Movie Mall

Airtel Bangladesh Limited, the fastest growing telecom operator of the country, has introduced Movie Mall for the first time in Bangladesh. airtel22Airtel Movie Mall is a movie portal which contains latest and old Bangla and Hindi movies. Customers can also watch Airtel’s eighth telefilm “Bhalobasha 101” which was released on the 14th of February, 2014 in the portal along with all other Airtel telefilms. Airtel’s valued customers can use the portal to watch complete condensed movies on mobile phones as p...
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