The Guinness World Record authority has officially certified Bangladesh’s human flag record of 27,117 people on 16 December 2013 as the world’s largest human national flag. The record has also been officially posted on the Guinness World Record website (http://www.guinnessworldrecords.com/world-records/2000/largest-human-national-flag).
Robi Axiata Ltd, in partnership with the Bangladesh Army, shattered the Guinness World Record fo...
The country’s current account surplus is decreasing which, economists believe, is the result of a fall in the inflow of remittance earnings.
The current account balance - a broad measure of trade, services and investment flows - recorded a surplus of US$701 million during July-October in 2013, down by $20 million from that of the corresponding period of last fiscal year.
Many economists said it might deteriorate further in the days ahead due to restive politics...
The ministry of finance (MoF) is likely to reduce the government’s borrowing further from the central bank through using the overdraft-current (ODC) tool in line with the suggestions of the International Monetary Fund (IMF), officials said.
The MoF has already put a cap on the government’s borrowing from the Bangladesh Bank (BB) through ODC limiting it to Tk 40 billion. The new limit will come into effect on April 01 next, according to sources.
Based on performance in the current fiscal year (FY) 2013-14 ...
DAILY INDICATORS
Thursday Previous
Taka/US $ (inter-bank) 77.75-77.7525 77.75-77.75 Call money rate (inter-bank) 06.50-08.00 06.25-08.00 Dhaka Stock Exchange index 4,314.09 4,286.15
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MONTHLY
CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Nov. 7.15 7.03
M2 supply (bln taka) (BB) Oct. 6,403.17 6,267.23 Forex reserves ($bln)(BB) Dec. 18.07 17.11
Exports(FOB) ($mln)(BB) Nov. 2,...
Commodity prices mainly fell this week in low-volume trade on the back of weak Chinese economic data, while many participants were away for an extended Christmas and New Year break.
Beijing released figures yesterday showing that growth in China’s services sector slowed sharply in December, reports AFP.
The data followed news on Wednesday and Thursday that manufacturing in the country had also suffered a slowdown in growth last month.
On the up...
Beijing’s recent efforts at improving strategic ties with Delhi may soon experience a hiccup. In an attempt to strengthen Dhaka’s military might, China has agreed to sell submarines to Bangladesh’s Navy sometime. Last month, the two countries sealed a $203 million deal that offers Bangladesh two Ming Class submarines. The move was scorned by India which could not help hide its dismay at the rising tide of Sino-Bangladeshi defense cooperation. Indeed a senior official recently took Beijing to task questioning the “necessity” of pact with Bangladesh. Delhi’s main concern is that these submarines may intrude into Indian waters. These events seem to raise alarm in India as the Indian Navy now plans to boost its presence in the Bay of Bengal...
Robi Axiata Ltd, in partnership with the Bangladesh Army, shattered the Guinness World Record fo...
