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Mercantile Bank opens branch at Velanagar

M Amanullah, Chairman of Mercantile Bank Ltd inaugurated the 90th branch of the bank namely “Velanagar Branch” as chief guest of the opening ceremony at Khadiza Mension, Chinishpur, Narsingdi. FinalBank’s Managing Director and CEO M Ehsanul Haque, Additional Managing Director Md. Abdul Jalil Chowdhury, Head of Corporate Affairs (PRD) K M Abdur Razzaque and Head of Velanagar Branch Partha Sarker were present on the occasion.

Int’l conference on Globalization held at BRAC University

Economics and Social Sciences (ESS) Department of BRAC University organized a day-long conference on “Globalization and Trade: Prospects and Challenges for South Asia” on Friday. The conference brought together some of the active researchers in the field from universities, think-tank institutes, and policy makers to brainstorm trade policy issues and challenges from globalization to regional economies. Shamim Shakur from MasseyUniversity in New Zealand, currently Visiting Professor of Economics, and Farzana Munshi, Associate Professor, both from ESS at BRACUniversity led proceedings of day as conference conveners. <...

BIA holds 26th AGM

The 26th annual general meeting (AGM) of the Bangladesh Insurance Association (BIA) was held in the Hotel Purbani International in the city on Friday. Chaired by Sheikh Kabir Hossain, President of BIA, the meeting was largely attended by the chairmen, managing directors and senior executives of member companies. In the Annual Report, it was stated that the total premium income of private sector life insurance companies rose from Tk. 59,735 million in 2011 to Tk. 62,483 million in 2012 registering a growth of 4.60 per cent. The life fund of the private sector insurance companies increased to Tk. 194,551 million in 2012 from Tk. 164,229 million in 2011. The total investment rosed from Tk. 142,173 million in 2011 to Tk. 166,13...

Bangladesh finalises deals with China for 2 submarines

Bangladesh has finalised a deal to buy two submarines from China as part of its plans to develop a three-dimensional navy, according to a media report today. The two Ming-class submarines are expected to strengthen the navy's ability to protect maritime resources and territorial waters, the New Age newspaper quoted unidentified officials as saying. "The state-to-state deal would cost Bangladesh Taka 1,600 crore or USD 203.3 million to procure the two Ming-class submarines," the report said. submarine

India reduces tariff on onion export to Bangladesh

India has reduced tariff on export of onion to Bangladesh. The revised rate has been fixed at 800 $ per tonne with effect from Friday.  The Indian export authority has instructed the all related departments and offices in this connection. The previous rate of tariff was 1050 dollar. Onion importer Milton Saha from Khulna, who is owner of Sujan Enterprise, said, that the arrival of new consignments of onion in Bangladesh would take at least seven days, and the price would surely come down to Tk 50 per kg in the wholesale market. At presents, it sells at Tk 65. onion

BPC plans to import 1.3m tons of oil in 2014

BPC (Bangladesh Petroleum Corporation) plans to import 1.3 million tons of oil in 2014 for its sole refinery, up more than 8 per cent from a year ago, a senior BPC official said On Wednesday. Next year, 700,000 tons of Murban crude would be sourced from Abu Dhabi National Oil Company. BPC logoBPC, the country’s sole oil importer and distributor, bought around 1.2 million tons of crude from the two national oil companies in 2013 for its Eastern Refinery in port city Chittagong. It ...
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