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Titas proposes gas price hike up to 122 pc

Titas Gas Transmission and Distribution Company on Tuesday came up with a proposal for raising natural gas price by up to 122 per cent following a verbal order from the government to set an asset value of Tk 25 for one thousand cubic feet of gas. Bibiana-gasTitas managing director, Nowshad Islam, at a hearing on its proposal, did not mention the name of the person who issued the verbal order that prompted all the gas companies to submit their proposals for raising the prices of methane gas. The energy division on February 23, 2014 issued a lett...

6.3pc GDP growth this fiscal year: Bloomberg

Bangladesh's economy may grow by 6.3 percent in the current fiscal year, a Bloomberg survey said yesterday. The result for Bangladesh's economy is the median of four economists' forecasts surveyed by the US media organisation. govtIn a previous survey, the economists also predicted the same level of economic growth for fiscal 2014-15. They however cut down their growth forecast for the next fiscal year to 6.45 percent in the new survey from 6.6 percent earlier. The survey was conducted between January 23 and January 28. The World Bank for...

Remittance slips in Jan amid volatility

The country received $1.23 billion in remittance last month, down 2.05 percent year-on-year. The figure too is lower than the amount received in December last year, when $1.27 billion was remitted by migrant workers, according to data from Bangladesh Bank. The reserves now stand at $19.04bn, enough to pay off six months’ imports and second highest among SAARC countries Experts said migrant workers are worried about the upheaval on the country’s political front, ongoing since January 6, due to which they have held back from sending in money. Officials of th...

Public issue app process changed

The Public Issue Application Process was changed by BSEC in its 536th Commission Meeting. dse cse   IPO Lottery of Zaheen Spinning Mills Ltd. was held on 02 February, 2015 at IEB.

Obama’s $4-tn budget to boost middle class

US president Barack Obama on Monday proposed a $3.99 trillion budget for fiscal year 2016 that sets up a battle with Republicans over programmes to boost the middle class that are funded by higher taxes on corporations and wealthy Americans. The budget foresees a $474 billion deficit, which is 2.5 percent of US gross domestic product. It projects deficits stabilising at that rate over a 10-year period, senior administration officials said. Barack ObamaObama’s budget fleshes out proposals from his State of the Union address a...

WWF co-host anti-poaching summit in Nepal

The country, which has seen no tigers killed for almost three years, together with the World Wildlife Fund (WWF) conservation group opened a five-day anti-poaching summit here on Monday (February 2nd), AFP reported. tiger“Nepal and India are our tiger heavyweights leading the region. India excels at recovering tiger numbers and Nepal at zero poaching,” said Mike Baltzer of the WWF Tigers Alive Initiative. India in January reported a 30% jump in tiger numbers since 2010, while Nepal saw numbers rise by almost two thirds between 2009 and 2013. Its...
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