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IBBL receives best pavilion prize in DITF

Islami Bank Bangladesh Limited (IBBL) was awarded the best pavilion prize at the month long Dhaka International Trade Fair-2014 (DITF). DITF_2014Minister for Commerce Tofail Ahmed handed over the prize to AKM Abdul Malek Chowdhury, Deputy Managing Director of the bank at a ceremony on Monday (February 10, 2014) at the fair premises. Mahbub Ahmed, Secretary, Commerce Ministry, Kazi Akram Uddin Ahmed, President of FBCCI along with high officials of the Ministry and Export Promotion Bureau were presen...

Anti-Communal Poetry Festival kicks off in city

Ghashful, a media house organized Anti-Communal Poetry Festival on Monday (January 10, 2014) at the Conference Lounge of Press Club with versatile poet Syed Shamsul Haq in the Chair. GhashfulThe program expressed deep sorrow at the demise of poet Fazal Shahabuddin and condoled the bereaved family of the deceased. Novelist Ata Sarker addressed the welcome speech. The program dedicated to Late Litterateur and Researcher Dr. Golam Kadir was anchored by Ibtida Farhat Tropa. The speakers ...

10 years of Xpress Money in Bangladesh

Xpress Money, the world’s most dependable money transfer brand, has successfully completed 10 years of service in Bangladesh. Since its inception in 2003, the remittance service provider is playing a very important role in the Bangladesh remittance industry, with a share of around 10% in the organized market. Xpress Money has become one of the leading foreign remittance players in Bangladesh by significantly contributing to the remittance industry, year on year. Xpress-MoneyIn these ten years Xp...

Export orders at 13th DITF decline by 50pc

Export orders at the 13th Dhaka International Trade Fair (DITF) 2014 declined by nearly 50 per cent mainly due to fewer presence of foreign buyers after a prolonged political turmoil, fair organisers said. Participants at the DITF received only Tk 804 million worth export orders this year against Tk 1.57 billion last year. However, speakers at the concluding ceremony of the fair Monday expressed their hope that gradual improvement of political situation would help boost export of local products along with foreign direct investment in the country, reports the Financial Express.

Bangladesh to join 2nd submarine cable by early 2016

Bangladesh will be connected with the second submarine cable having a total capacity of 1,400 Gbps, by early 2016, said officials. They said Bangladesh Submarine Cable Company Limited who is responsible for maintenance of the submarine cable is going to sign a deal next month with a consortium of 17 countries to set up the SEA-ME-WE 5 cable as an alternative source of bandwidth. Talking to the news agency, Abu Bakar Siddique, post and telecommunications secretary, said: ‘We will connect with second submarine cable by the first quarter of 2016 and the cable will have a total capacity of 1,400 Gbps.’

Bangladesh key economic indicators – Feb 11

DAILY INDICATORS

Monday Previous Taka/US $ (inter-bank) 77.75-77.75 77.75-77.75 Call money rate (inter-bank) 06.00-07.75 05.00-08.00 Dhaka Stock Exchange index 4,797.97 4,822.72 --------------------------------------------------------------- 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....
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