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BD set to become AIIB founding member

Bangladesh is set to become a founding member of the Chinese-government initiated Asian Infrastructure Investment Bank (AIIB) as the country’s parliament has passed a bill in this connection, the media reported on Thursday. [caption id="attachment_13856" align="alignleft" width="597"]AIIB AIIB Meet: File Photo[/caption] “We’re now all set to join the bank as a founding member as our parliament on Wednesday night passed the Asian Infrastructure Investment Bank Bill 2016,” said a senior finance ministry official. The official said the country wi...

Shrimp farming gets app-savvy

Technology that uses Quick Reading Codes (QRC) — which work like universal bar codes — helps consumers of shrimps farmed in Bangladesh to trace the antecedents of what they are eating with a smartphone app. Introduced to the farmers in southern Bangladesh by the research organisation WorldFish to enhance the safety of shrimp production and to make its marketing transparent, the QRC can trace all shrimp right from the larva stage supplied to farmers. The QRC can be used in combination with another app, an American company SourceTrace’s MDG : Bangladesh Shri... </div><!-- .entry-content --> </article><!-- #post-## --> <div class=

Int’l factoring for foreign trade stressed

Factoring is very important for international transaction. In Bangladesh export earning is growing rapidly and our export has more potential to grow. Letter of Credits (L/C) is a popularly used international trade payment method in Bangladesh. But because of more formalities and more costing, importers are becoming less interested to import under L/C. Rather importers are more interested to import under open account terms. As open account is involved with risk, international factoring removes the danger of open account trade said Mr. Hedayet Ullah Al-Mamoon, Senior Secretary, Ministry of Commerce, Government of Bangladesh while inaugurating the ICC Training on International Factoring for Foreign Trade organized by ICC Bangladesh at Dhaka on 24 February as a Chief Guest. He thanked ICC B...

Int’l power & building construction expo kicks off

A three day “International Building and Construction Technology and Power Sourcing Expo 2016” began yesterday 18 February in the city in a bid to making building construction industry more enriched. Local and international companies related to building construction technology and Power sourcing from more than five countries under the one roof are participating in the explosion at the International Convention City Bashundhara (ICC,B). Md. Mosharaf Hossain Bhuiyan, Secretary, Ministry of Industries Govt. of the People ’s _MG_2111 (1)

Shrimp farmers facing life on the edge

Coastal Bangladesh is an unlikely place for a fresh water crisis. Mighty rivers carve paths through the landscape, all the way from melting Himalayan glaciers in the north to the Bay of Bengal in the south. Viewed from above, the countryside is an extensive patchwork of agricultural ponds, glinting in the sunlight. [caption id="attachment_21916" align="alignleft" width="650"]Shrimp Farmer As more farmers convert freshwater fields into shrimp farms the salt from seawater seeps further inland. Photograph: Joanna Lovatt[/capt...

Inflation eases slightly to 6.07pc in January

Bangladesh’s annual inflation eased slightly in January as food prices rose at a slower pace, the planning minister said on Tuesday. Consumer prices in January were 6.07 percent higher than a year earlier, slowing from a rise of Economy Philipines6.10 percent in December, Mustafa Kamal told a news conference. Annual food inflation in January fell to 4.33 percent from 5.48 percent the previous month while non-food inflation increased to 8.74 percent from 7.05 percent. World food prices fell to near...
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