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Economy

Trade boost bid with Biman Bangladesh

Bilateral trade between India and Bangladesh is set for a boost with the decision of Biman Bangladesh Airlines to begin services between Dhaka and Guwahati from July. The industry today welcomed the decision, saying it would facilitate people-to-people contact and boost trade, primarily in the hospitality and tourism sectors, reports the Telegraph. biman“People-to-people contact is a must for trade relationships to thrive. Confederation of In...

Forex reserve still above 18bn

The country’s foreign exchange reserve is still maintaining an over 18-billion mark remaining at $18,160.61 million as of January 28 this year. The foreign currency reserve also witnessed a rise of $5,117.94 million from the $13,042.67 million registered on January 28 last year, according to statistics released by the Bangladesh Bank on Thursday. remmitance Earlier, on December 19, 2013, Bangladesh’s foreign currency reserves crossed the $18-billion mark for the first time in the country’s history...

Bangladesh becoming Asia’s next major startup hub

Poverty, natural disasters, and cheap labor may be what you would normally associate with Bangladesh, but the country could be Asia’s next major startup hub. “Bangladesh is becoming a land of opportunity,” says Samad Miraly, a Canadian-Bangladeshi angel investor based in Dhaka. “It’s a place where extraordinary people are doing extraordinary things, and no one really knows about it.” branding-BangladeshAnd that’s precisely what a group of Bangladeshi millennials are changing by pla...

Bangladesh key economic indicators – Jan 28

DAILY INDICATORS

Monday Previous Taka/US $ (inter-bank) 77.75-77.75 77.75-77.7525 Call money rate (inter-bank) 06.25-08.00 05.50-08.00 Dhaka Stock Exchange index 4,751.61 4,758.37 --------------------------------------------------------------- indicatorMONTHLY CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Dec. 7.53 7.15 M2 supply (bln taka) (BB) Nov. 6,425.75 6,403.17 Forex reserves ($bln)(BB) Dec. 18.07 17.11 Exports(FOB) ($mln)(BB) Nov. 2,21...

New monetary policy announced aiming 7pc inflation

Aiming to bring down average inflation to 7 percent, Bangladesh Bank (BB) on Monday announced cautious monetary policy for the 2nd half of the current fiscal year. Terming it a challenge, BB governor Dr. Atiur Rahman said,  BB will pursue in half fiscal (January-June 2014), based on an assessment of global and domestic macro-economic conditions and outlook. 1655132_10201551289089731_1602810251_n He announced the Monetary Policy Statement (MPS) for January to June of the FY 2013-14 in his office in the capital. ...

GSP facility to US market by April, hopes Tofail

Bangladesh will regain the GSP facility to the US market by next April, Commerce Minister Tofail Ahmed on Sunday hoped. He said, the government is working sincerely to fulfill the conditions tagged for regaining it. “We are working sincerely to fulfill the conditions so that GSP facility could be regained in the US market. I hope, the GSP facility is likely to be resumed by April this year,” he told a meeting with a DCCI delegation. Bangladesh-rmg-worker The board of directo...
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