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Telecom ministry takes over tariff checks

The Bangladesh Telecommunication Regulatory Commission has backtracked from approving any service or tariff of the telecom operators without prior consent from the telecom ministry, New Age reported. btrcBTRC  has been forwarding the operators' service and tariff approval applications to the telecom ministry for the past week following verbal instruction from the commission chairman, according to a BTRC official. Under Section 48 of the Bangladesh Teleco...

Indian co to explore in Bay of Bengal

ONGC Videsh Ltd (OVL) and its partner Oil India Ltd (OIL) have signed contracts to explore for oil and gas in two areas in Bangladeshi waters. An equal joint venture of OVL, the overseas arm of state owned Oil and Natural Gas Corp (ONGC), and OIL on Monday signed production sharing contracts (PSC) for shallow water blocks SS-04 and SS-09 in Bangladesh. “OVL along with OIL formed a consortium (50:50) and participated in the Bangladesh Offshore Bidding Round 2012, launched by Bangladesh Government during December 2012,” the company said in a statement. ongc

Bangladesh key economic indicators – Feb 18

DAILY INDICATORS Monday Previous Taka/US $ (inter-bank) 77.75-77.75 77.75-77.75 Call money rate (inter-bank) 06.75-08.25 05.50-08.25 Dhaka Stock Exchange index 4,684.07 4,713.88 --------------------------------------------------------------- indicatorMONTHLY CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Jan. 7.50 7.35 M2 supply (bln taka) (BB) Nov. 6,425.75 6,403.17 Forex reserves ($bln)(BB) Jan. 18.12 18.07 Exports(FOB) ($mln)(BB) Dec. 2,726.20 2,212.44 Imports(FOB) ($mln)(BB) Nov. 2,506.00 2,751.00 ------...

Bangladesh urges KSA to reconsider Haj quota

Bangladesh has urged Saudi authorities to reconsider the 20 percent cut in quota of foreign Haj pilgrims and also to implement the electronic web portal service for Haj from this year to expedite various Haj processes. bd-ksaBangladesh Religious Affairs Minister Mohammed Mutiur Rahman discussed these two vital subjects with Saudi Haj Minister Dr. Bandar Al Hajar on Sunday when he met with him at his office in Jeddah, Mohammad Nazmul Islam, Bangladesh consul general said. “We discussed a wide range of subjects related to improvement of Haj services to pil...

Glencore wins wheat tender at $303/T

Trading firm Glencore has won a tender to supply 50,000 tonnes of wheat to Bangladesh after submitting the lowest offer at $303 a tonne including CIF liner out, an official at the state grains purchasing agency said on Monday. wheatThis was the lowest price it has paid in tenders for wheat in the current financial year that began in July 2013. The source of the wheat would be India, market insiders said, as it is competitive with rival supplies from the Black Sea region. Such imports are crucial for the South Asian nation to feed its poor and keep domest...

Bangladesh key economic indicators – Feb 17

DAILY INDICATORS Sunday Previous Taka/US $ (inter-bank) 77.75-77.75 77.75-77.75 Call money rate (inter-bank) 07.00-08.25 05.50-08.25 Dhaka Stock Exchange index 4,713.88 4,759.32 --------------------------------------------------------------- indicatorMONTHLY CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Jan. 7.50 7.35 M2 supply (bln taka) (BB) Nov. 6,425.75 6,403.17 Forex reserves ($bln)(BB) Jan. 18.12 18.07 Exports(FOB) ($mln)(BB) Dec. 2,726.20 2,212.44 Imports(FOB) ($mln)(BB) Nov. 2,506.00 2,751.00 ------...
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