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IDB to provide $ 1.2b loan for oil imports

Islamic Development Bank (IDB) will provide Bangladesh with $1.2 billion in loans this year to help finance its oil imports, at cheaper rates than last year when it borrowed more. The IDB will provide the loan at 4.50 percent, lower than 4.65 percent last year, a senior official of Bangladesh Petroleum Corp said on Thursday. IDB logoBangladesh's oil imports are likely to rise to 5.7 million tonnes in 2014 from nearly 5.5 million last year, according to the energy ministry. Last year, the IDB l...

Biman set to fly from Frankfurt

Biman Bangladesh Airlines, the national airline of the country, is set to begin twice weekly flights from Frankfurt to the Bangladesh capital and largest city, Dhaka, on Monday, March 31 this year. The new service from Frankfurt to Dhaka will be operated with brand new Boeing 777-300 aircraft in a two-class configuration of 384 seats in Economy and 35 in Business Class, departing on Monday and Friday, with a brief stop at Rome-Fumicino. biman Bangladesh just got closer to Frankfurt – in the form of new flights. This will also make connecting flights to Asia destinations effortless. Passeng...

BHBFC distributes blankets in Tangail

Bangladesh House Building Finance Corporation (BHBFC) has distributed blankets among poor orphan and physically handicapped people of Ghatail Upazilla under Tangail district. image004Dr. Md. Nurul Alam Talukder, Managing Director of BHBFC was the chief guest at the distribution programme. Among others Kamal Hossain, UNO; Md. Nazrul Islam Khan Shamu, Upazilla Chairman;  Md. Shamsul Alam Moni, Principal, Ghatail GBG College; Habibur Rahman, Ghatail Freedom Fighter Commander and other distinguished peop...

BMCCI urges Malaysia to reduce trade gap

Bangladesh-Malaysia Chamber of Commerce & Industry (BMCCI) has urged the Malaysian government to reduce trade gap through increase import from Bangladesh.  BMCCI President Nasir A Choudhury made the appeal while members of the Board of Directors of BMCCI led by him called on High Commissioner of Malaysia Norlin Binti Othman in the city on Thursday. BMCCI urges Malaysia Govt. to reduce Trade Gap

AIBL donates Ultra Sonogram Machine

Al-Arafah Islami Bank Ltd (AIBL) has donated ‘Ultra Sonogram Machine’ to Hathazari Diabetes Society. Deputy Managing Director of the Bank, Kazi Towhidul Alam handed over the newly installed Ultra Sonogram Machine on Tuesday. 20140206_aibl_CSR_pressThe ceremony was presided by President of Hathazari Diabetes Society Advocate Mohammad Ali and was addressed by Director of Chittagong Stock Exchange Dr. Moinul Islam Mahmud, President of Bangladesh Private Medical Practitioners A...

Bangladesh key economic indicators – Feb 6

DAILY INDICATORS

Wednesday Previous Taka/US $ (inter-bank) 77.75-77.75 77.75-77.7525 Call money rate (inter-bank) 06.00-07.75 05.50-08.00 Dhaka Stock Exchange index 4,811.50 4,809.54 --------------------------------------------------------------- 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) Nov. 2...
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