Browse Category

Economy

TEEAL to enhance access to agricultural research in BD

TEEAL (The Essential Electronic Agricultural Library), established in 1999, is a program of Cornell University Library’s Albert R. Mann Library, in partnership with leading publishers, to provide access to agricultural research literature. With support from the Bill & Melinda Gates Foundation and in cooperation with Sathguru Management Consultants, TEEAL sets are being placed in universities and research institutions in Bangladesh and training is being provided in the use of electronic research. TEEAL contains almost 500,000 articles from more than 350 highly ranked research journals in agriculture and related biological sciences. Universities, colleges, research institutes, government ministries and policymakers in 110 low-income countries with limited or no internet connectivit...

BB awards top remitters

Bangladesh Bank today honoured 31 non-resident Bangladeshis (NRBs) for sending the highest amount of remittances last year to encourage the expatriates to send money home through legal channels. bbTwo exchange houses that transfer money have also been awarded by the BB for the first time. Bangladesh Bank Governor Dr Atiur Rahman handed over crests and certificates to the awardees in a programme titled “Bangladesh Bank Remittance Award-2014” at the BB Training Academy in Dhaka.

 Star Online Report

 

$ 500m fund for manufacturing

The central bank will set up $500 million of funding for the country’s manufacturers, in an effort to stimulate economic growth, the head of the bank said on Thursday. The money will be split between two funds, one aimed at manufacturing in general, the second at textiles, including export-oriented ready-made garment factories. Garments are a key foreign-exchange earner for Bangladesh. The country’s low wages and duty-free access to Western markets have helped make it the world’s second-largest apparel exporter after China. bb-logo“Two new support...

BB to keep conventional, Islamic banks separate

Bangladesh will keep conventional and Islamic banks operating separately from each other because of concern about possible violations of sharia principles, although the decision is not permanent, the central bank’s deputy governor told Reuters. The central bank will not approve applications by conventional banks to convert themselves bb-logointo Islamic ones and is barring the use of Islamic windows, which let conventional banks offer Islamic financial services provided client money is segregated. “It is our observation that it created complications ...

Monetary policy kept unchanged

The monetary policy for the first half of the current fiscal year has been announced keeping its rates unchanged. The repo and reverse repo rates remain at 7.25 percent and 5.25 percent respectively as they were in the previous monetary policy. “[But] BB will have no hesitation in considering easing of the repo and reverse repo policy interest rates to appropriate extent immediately as headline point-to-point and core CPI taka-bundleinflation assume clear downward edging turn,” said Bangladesh Bank Governor Dr Atiur Rahman at a programme on the ...

Tea prices slip amid ample supply

Tea prices in Bangladesh fell for a second straight session at the weekly auction on Tuesday as the volumes offered were the highest for the season so far, but strong demand for quality leaf capped the slide and sales rose. Bangladeshi tea fetched an average 198.80 taka ($2.5) per kg at the auction, the twelfth of the new marketing season, compared with 198.97 taka at the previous sale on July 14, an executive with National Brokers said. teaThere was strong demand for quality tea that limited the fall and sales also rose, although the latest offering was the l...
Verified by MonsterInsights