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Economy

Forex reserves hit new record in March

Bangladesh's foreign exchange reserves stood at an all-time high of $19.31 billion at the end of March, $160 million more than the earlier record set in February, and more than 38 percent higher than a year earlier, the central bank said on Tuesday. The higher reserves, which stem from a widening current-account surplus, are enough to cover more than six months of imports. At the end of March 2013, reserves totalled $13.97 billion. remmitanceRising exports and slowing imports have helped build ...

Malaysia to recruit 3 lakh Bangladeshi workers

 Malaysia wants to recruit over 3 lakh workers from Bangladesh soon, visiting Malaysian Home Minister Dr Ahmad Zahid Hamidi said here on Monday. He conveyed the Malaysian government’s willingness during a meeting with Planning Minister AHM Mostafa Kamal at his office, according to a PID handout. Malaysian High Commissioner in Dhaka Norlin Othman was also present. malay1 Earlier, the Planning Minister requested the Malaysian government to recruit Bangladeshi workers for Mala...

10 more industrial units at Mongla EPZ soon

Ten more industrial units are likely to be set up at the Mongla Export Processing Zone within a short time and the units are expected to provide employment to at least 7,000 people.  The Bangladesh Export Processing Zone authorities have given approval to set up 29 industrial units at the Mongla EPZ. There are a total of 124 industrial plots having all the infrastructural facilities, reports the Financial Express. bepzaOf them, 17 are already in operation by foreign investors, joint venture and local entre...

Injecting buoyancy in poultry industry

Bangladesh has developed a model of community group formation and skill development training regarding improved poultry husbandry practices. Having micro-credit, it aims at helping the rural poor to improve their livelihood, income generation and empowerment. poultryUnder the Companies Act, 1994, there has been a provision to carry business like layer farm, pullet raising farm, broiler farm and parent stock farm, establishment of poultry hatchery, egg processing and broiler processing. Evidently the commercial poultry industry has grown with ...

Oman-Bangladesh joint development fund likely

The bilateral relations between Oman and Bangladesh are set to touch new heights, said Sheikh Sekander Ali, Bangladesh’s Ambassador to the Sultanate. Speaking on the occasion of his country’s 43rd independence anniversary here yesterday, Ali said: “Following a Royal Decree in September 2012 for the establishment of a full-fledged embassy of the Sultanate in Bangladesh, Oman’s Embassy was relocated to new independent premises in 2013.”

Moreover, early this month a four-member delegation of senior Omani officials from the Ministry of Manpower visited Bangladesh to exchange views about welfare of the Bangladeshi workers living in the Sulta...

DSE takes FlexTrade, NASDAQ solution

The Dhaka Stock Exchange (DSE) will engage with NASDAQ OMX and FlexTrade Systems to develop a revolutionary trading terminal. The move comes as Asian economies migrate their trading ecosystems to accommodate the growing needs of institutional and foreign investors. The DSE chose NASDAQ OMX and FlexTrade after a rigorous review of several technology solutions over a 6 month period. In South Asia, the DSE has been at the forefront of automated systems since the pre-millennial period. The exchange installed its first fully automated trading system in August 1998. dse
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