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Commodity mixed amid global growth worries

Commodity prices traded mixed this week as dealers reacted to US stimulus expectations amid weaker growth worries across the globe. Raw material futures, which had been falling early in the week, recovered some lost ground after Federal Reserve chief- nominee Janet Yellen defended the US central bank’s $85 billion- a-month bond-buying programme, and rejected suggestions that it had generated fresh bubbles in property or stock markets. commodity-etfThe comments Thursday at her confirmation heari...

Bangladesh offered lands in Sri Lanka for jute cultivation

Bangladesh has received a request from Sri Lanka on jute cultivation in its northwestern province Puttalam where Colombo assured of giving long-term lease of lands. The request came in a meeting between Sri Lankan President Mohinda Rajapaksa and Bangladesh Prime Minister Sheikh Hasina here today, reports BSS. Sheikh Hasina is now in Colombo to attend Commonwealth Heads of Governments Meeting (CHOGM). bd-LankaThe Prime Minister expressed Bangladesh's interest in extending cooperation in cultivating unused lands in the down-south and east a...

PM seeks proactive Commonwealth role in removing inequalities

Prime Minister Sheikh Hasina urged the Commonwealth to take a pro-active role in removing inequalities and impediments to ensure justice in its member states with genuine global partnership for their real progress. Stressing the importance of peace and genuine democracy for development, she said,  “Increasing inequality of growth, impediments in the mobility of finances, goods and services, decreasing the role of the states in creating employments and under representation in global decision making process needs to be rectified with genuine global partnership based on justice and equal voice for real progress of the developing partners”. sheikh-h... </div><!-- .entry-content --> </article><!-- #post-## --> <div class=

Yunus not enjoying respect he deserves

Grameen Bank founder Dr Muhammad Yunus has not been enjoying the respect he deserves in his own country, said German Ambassador to Dhaka Dr Albrecht Conze. “It saddens me that the distinguished pioneer of microfinance and social business has not been enjoying the respect he deserves in his own country lately,” the German diplomat came up with the remark when he met Prof Yunus in Thursday morning to convey an invitation by German President Joachim Gauck to visit Berlin early next year. Yunus-German envoyDuring the meeting, the Germa...

EDF allocation raises to $1b

  The central bank has increased the allocation of the export development fund (EDF) by 25 per cent to $1.0 billion from the previous $800 million to meet the growing demand of the country's exporters, officials said Thursday. "We've enhanced the amount of EDF allocation to encourage the exporters for strengthening their businesses. Other provisions related to EDF will remain unchanged," a senior official of the Bangladesh Bank (BB) told the FE. The central bank is providing the re-financing facility to the exporters through commercial banks as short-term liquidity support. Under the existing provisions, the EDF financing is allowed for input procurements against back-to-back import letters of credit (LCs) or back-to-back inland LCs in foreign exchange, by manufacturers...

Myanmar trades the least with Bangladesh

Myanmar exchanged the least border trade with Bangladesh among its four neighboring countries in this fiscal year, according to Myanmar Ministry of Commerce. bdesh-myanmar-flagThe country’s border trade with four neighboring countries such as China, India, Thailand and Bangladesh in FY 2013-14 from April 1 to November 11 received $ 2.7 billion, with the border trade with Bangladesh only receiving around $ 6 million. The ministry said Myanmar exchanged the most border trade with China, followed by Thailand as the second largest. ...
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