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Economy

Vertical gardens help farmers overcome salty soil

In Bangladesh, more land is becoming salty and unfit for growing crops. It’s a pressing problem in this densely-populated country where most people farm for a living. But even on saline land, villagers can grow bountiful “vertical gardens” from soil flushed by monsoon rains. In Chandipur village in southwest Bangladesh, lush vines sprouting pumpkins and gourds cover the tin roofs of small homes. This bounty sprouts from an unlikely source: large plastic sacks on the ground and other containers. gardeningShobitha Debna’s garden occupies j...

Key missions abroad fail to achieve export targets

Twenty-nine out of 53 Bangladesh missions abroad have failed to achieve their respective export targets for the first half (July-Dec) of the current fiscal (2014-15), reports UNB. export-importThe key Bangladesh missions like the ones in Washington, Berlin, London, Paris, Madrid, Ottawa, Rome and the Hague have failed to achieve their July-December export targets while some other important missions-Stockholm, Dubai, Riyadh, Canberra and New Delhi-have been able to reach their targets for the six-month period. The overall export ea...

FDI flow drops slightly last year

The flow of foreign direct investment (FDI) to Bangladesh declined marginally by 4.0 per cent in 2014 after three years’ of upswing. Provisional statistics available with the Bangladesh Bank revealed that the FDI inflow last year stood at $1.53 billion (153 crore), down from around $1.60 billion in 2013. dollarThe FDI inflow last declined in 2010 to $913.3 million from $960.6 million in 2009. For the next successive years, the FDI flow kept rising significantly, reports the Financial Express. The fall in FDI last year reflects flagging confidence of f...

Nov money supply rises 12.8pc on year

Bangladesh's broad money supply in November rose 12.84 percent to 7,250.65 billion taka ($93.32 billion) from a year earlier, and up 41.22 billion taka from the previous month, the central bank said on Thursday. Bangladesh_Garment_MoneyBelow is the table of broad money supply: Nov. 2014     Oct. 2014     Nov. 2013 (bln taka)   (bln taka)   (bln taka) Broad money supply   7,250.65     7,209.43     6,425.76 ($1 = 77.70 taka)

- Reuters

Blockade-hartal snaps supply chain

Prices of daily essentials have witnessed further hike in the cities, as the ongoing blockade coupled with the recent spell of hartal severely disrupted the overall supply chain, traders said. They said goods-carrying transportation came to an almost halt, fearing arson attacks amid the blockade-hartal. So, they found themselves in a difficult condition to ensure smooth supply chain of essentials, the Financial Express reports. violance BDOn the contrary, prices of various items have declined drastically at farmers’ end due to the tra...

Panel invites NAB to probe Rs 8.5b loss in BD

As a forensic audit report holds 61 officials responsible for the loss of Rs18.5 billion in Bangladesh operations of National Bank of Pakistan, a parliamentary panel has referred the scam to the National Accountability Bureau to catch the culprits and recover the money. NABThe decision to involve the country’s top-most accountability body was taken by the National Assembly Standing Committee on Finance and Revenue, headed by Omar Ayub Khan of the PML-N. The committee took the decision as the number of officials accused of causing the loss grew from ...
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