Künast claimed the tide is turning in fashion as green fashion becomes more mainstream. “You can see this is no longer a niche but an important market – increasingly so and, for topical reasons, becoming more political”, said Künast of Germany’s green party, ‘Bündnis 90 / Die Grünen’.
-eco-textile
Rice production up 2.7pc from last year
Bangladesh has produced around 34.449 million tons of rice, basis milled, in FY 2013-14 (July - June), up about 2.7% from around 33.833 million tons produced in FY 2012-13, according to provisional official estimates from the Department of Agriculture Extension (DAE), report local sources.
According to the DAE data, Bangladesh produced around 19.1 million tons of rice from Boro (January - May), up about 2% from around 18.778 million tons produced last year.
The Asian nation produced around 2.32 millio...
The Asian nation produced around 2.32 millio...
BD needs ‘legal instrument to have siphoned off money back’
Though there is a growing trend of siphoning off money abroad, the Anti Corruption Commission (ACC) is unable to take any concrete step to recover the laundered money deposited in the Swiss Bank by Bangladeshis due to lack of legal instrument, reports UNB.
“We (Bangladesh) don’t have any agreement with the Swiss authorities in this regard. If an agreement is signed with the Central Bank of the Swiss government (Swiss National Bank), we’ll be able to take measures to bring the stolen money back,” ACC commissioner M Shahabuddin told UNB.
Pakistan National Bank lost Rs9bn in Bangladesh
The National Bank of Pakistan (NBP) suffered a loss of Rs9 billion during its operations in Bangladesh during 2006-11, the National Assembly Standing Committee on Finance was informed on Friday.
The bank’s representatives also informed the committee that head of its Bangladesh operations had been suspended and other employees relegated to the role of OSDs (officers on special duty), and a forensic inquiry was under process to ascertain cause of the fraud.
However, the committee dismissed the explanations made by the NBP officials, and sought a detailed repo...
However, the committee dismissed the explanations made by the NBP officials, and sought a detailed repo...
Exports edge up 11.65pc, fetch $30.17b in FY 14
Exports in the just-concluded fiscal year (FY) of 2013-14 fetched $30.17 billion.
The amount reflected an 11.65 per cent growth over the previous fiscal due to increased shipments of apparel products despite having some odds like political turmoil and tragic factory incidents.
However, the overall export receipts fell short of target by 1.06 per cent set for the July-June period of FY 2013-14, according to official data released Thursday, reports the Financial Expres.
The single month earnings in June, 2014 reached...
The single month earnings in June, 2014 reached...
Forex reserves crosses $21b again
Kazi Saidur Rahman, General Manager of Bangladesh Bank Forex Reserve and Treasury Management Department said, the reserves stood at $21.12 billion on Thursday.
According to the central bank, the reserves earlier exceeded $21 billion on June 16 but depleted following payment of $970 million import bills to the Asian Clearing Union (ACU) on July 6.
Rahman attributed the rise in forex reserves to ‘the positive trend’ in remittance inflow and export earnings, and disbursement of foreign loans to local organisations.
He said Bangladesh co...
