IAF awarded EU funded Bangladesh project
The International Apparel Federation (IAF) has been granted an EU funded project together with its two association members BKMEA (The Bangladesh Knitwear Manufacturers and Exporters Association) and HCIA (The Hellenic Clothing Industry Association).
The project is aimed at capacity building, network extension and knowledge transfer. As a result this project BKMEA and HCIA will be able to better service the companies that are their members by having gained more international contacts, more knowledge and more insights.
Bangladesh intends to buy cotton from Kyrgyzstan
Bangladesh has intended to buy cotton from Kyrgyzstan, Mosud Mannan, Extraordinary and Plenipotentiary Ambassador of Bangladesh to Kyrgyzstan with residence in Tashkent, said while presenting his credentials to the President of the Kyrgyz Republic Almazbek Atambayev.
“Kyrgyzstan is a producer of cotton, and Bangladesh is the second-largest clothing producer in the world, next to China. Therefore, Bangladesh has a large demand for high quality cotton, and we hope to develop our business relationship in this direction,” Mannan said.
TCB issues tender to buy 1,500t of lentils
Trading Corporation of Bangladesh (TCB) has floated a tender to import 1,500 tonnes of lentils as part of efforts to secure food supplies for the Muslim fasting month of Ramadan, a senior official at the state buyer said on Thursday.
The last date for submission of bids is Feb. 18, and the lentils are to be shipped within 45 days from the opening of the letter of credit on the purchase, the official said.
The state buyer has moved to import other items a...
The state buyer has moved to import other items a...
Current account balance maintains surplus
The country’s current account balance recorded a surplus of nearly $1.5 billion in July-November period of the fiscal year 2013-14 ending June, a central bank official said Thursday.
The Bangladesh Bank official said the current account balance showed a surplus of $1,384 million during the first five months in 2013-14 fiscal year against a surplus of $433 million during the corresponding period of the previous fiscal year (July 2012-June 2013), reported Xinhua.
He said the central bank's ...
He said the central bank's ...
Bangladesh key economic indicators – Jan 24
DAILY INDICATORS
Thursday Previous Taka/US $ (inter-bank) 77.75-77.75 77.75-77.75 Call money rate (inter-bank) 05.50-08.00 06.40-08.00 Dhaka Stock Exchange index 4,702.66 4,640.56 ---------------------------------------------------------------
MONTHLY
CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Dec. 7.53 7.15
M2 supply (bln taka) (BB) Nov. 6,425.75 6,403.17 Forex reserves ($bln)(BB) Dec. 18.07 17.11
Exports(FOB) ($mln)(BB) Nov. 2,2...
Best Western sees Bangladesh key growth market
The US-based hotel company, BEST WESTERN International is looking south, as it continues its fast-paced Asian expansion. The company, which operates more than 4,000 properties around the world, has identified the South Asian countries of Sri Lanka and Bangladesh as key growth markets.
Sri Lanka welcomed one million international visitors for the first time in 2012, and is targeting 2.5 million arrivals by 2016. To cater for this rapid growth, Best Western has already announced plans to launch its first hotel in the country - a 60-room Best Western mid-scale property in Colombo, which is expected to open in the next few months, reports the Nation.
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