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Lack infrastructure hampering Indo-Bangla border trade

Infrastructure roadblock has hit the India and Bangladesh’s plan to keep bilateral trade going for seven days a week at Petrapole-Benapole land custom stations.   Located nearly 80 km from Kolkata, Petrapole (India)-Benapole (Bangladesh) border accounts for nearly half of the $5.5-billion bilateral trade. Both the countries planned to extend operations from 6 days to seven days beginning January 1. bd-indiaAt a meeting attended by Union Revenue Secretary Sumit Bose and his Bangladeshi counterpart Golam Hosen at...

Bangladesh key economic indicators – Jan 11

DAILY INDICATORS

Thursday Previous Taka/US $ (inter-bank) 77.75-77.75 77.75-77.75 Call money rate (inter-bank) 06.25-08.00 06.25-08.00 Dhaka Stock Exchange index 4,407.82 4,391.27 --------------------------------------------------------------- indicatorMONTHLY 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. 2,21...

Bibiyana-1 power plant through bidder’s credit

The government is going to implement the 450MW Bibiyana-1 power plant project through bidder’s credit instead of independent power producer (IPP), after cancelling Summit Group’s bid. According to official sources, the Power Division has taken up an initiative in this regard last week on the basis of a recommendation of the government’s Power Development Board (PDB). Bibiana-gasAn official at the Power Division said the bidder’s credit means the project will be implemented in the public sector through funding by the contractor....

DITF kicks off in city

The 19th edition of the annual event of  the month-long Dhaka International Trade Fair (DITF), 2014 began here on Saturday which is expected to help restore confidence among the business community apart from boosting trade ties with foreign partners. Prime Minister Sheikh Hasina inaugurated the fair, a platform for both local and foreign producers to showcase the products, at city’s Sher-e-Bangla Nagar on the grounds to the west of the Bangabandhu International Conference Centre in the morning. DITF-2014-logoSpeaking ...

UCB organises Annual Business Conference 2014

The Annual Business Conference 2014 of United Commercial Bank Ltd (UCB) was held on Saturday at the Pan Pacific Sonargaon Hotel in the capital. Chairman of UCB MA Hashem graced the event as chief guest. Muhammed Ali, Managing Director of UCB delivered his welcome speech at the Business Conference. IMG_Final The event was conducted by Additional Managing Director and Company Secretary of Bank    Mirza Mahmud Rafiqur Rahman. Among others Vice-Chairman Sharif Zahir, Director and Chairman of Executive ...

DBBL donates Life Support Ambulance to DMP

Dutch-Bangla Bank Ltd (DBBL) has donated one Life Support Ambulance to Dhaka Metropolitan Police (DMO). K.S. Tabrez, Managing Director of the Bank handed over the key of the ambulance to Benazir Ahmed, bpm, Commissioner, DMP at a ceremony held at Dhaka Metropolitan Police Head Quarter on Saturday. Pic of the eventThe life support ambulance procured at a cost of Tk40 lacs will help carrying the sick police personnel or wounded forces to the hospital and can also be used by   any distresse...
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