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ICC dialogue on Industrial Policy held

Alhaz Amir Hossain Amu, MP (3rd from Left) Minister for Industries was the Chief Guest and Md. Mosharraf Hossain Bhuiyan ndc (2nd from Right), Secretary, Ministry of Industries was Special Guest at ICC Dialogue on Press Photo 27-12-15-FinalIndustrial Policy of Bangladesh held at MCCI, Dhaka on December 27. Moderated by ICC Bangladesh President Mahbubur Rahman (3rd from Right) and was also addressed by Former FBCCI Presidents Mir Nasir Hossain (Extreme Left) & A. K. Azad (2nd<...

BD set to supplant China top cotton importer

As China’s economy has grown, it has become the largest importer of raw materials from copper to iron ore. Yet for one commodity, at least, it’s poised to lose that title. Bangladesh will probably overtake China as the world’s biggest cotton importer in the current crop season, which lasts through July, according to data from the U.S. Department of Agriculture. In year ending July 31, Bangladesh will import a record 5.75 million bales of the fiber, up 6.5 percent from a year earlier, the USDA said 0e0bd15409017d1caf83e6... </div><!-- .entry-content --> </article><!-- #post-## --> <div class=

ADB urges to develop capital market to spur economy

The Asian Development Bank (ADB) encouraged Bangladesh on Saturday to use the more than $553 million it has provided so far in loans to develop a capital market and attract private investors. Bangladesh aims to become a middle income country (MIC) by 2021. "A well-functioning capital market can catalyse private sector investment in infrastructure and other sectors creating employment and economic growth," Kazuhiko Higuchi, the ADB's country director in Bangladesh, told Reuters in an interview. adb1The ADB has been supporting government efforts to develop t...

November exports up 13.73pc as garment sales surge

Bangladesh’s exports rose 13.73 percent to $2.75 billion in November from a year earlier, driven by stronger garment sales, official data showed on Sunday. Exports from July to November, the first five months of the country’s 2015-16 financial year, rmgbdrose 6.7 percent to $12.88 billion from a year earlier, the Export Promotion Bureau said. Sales of garments, comprising knitwear and woven items, totalled $10.46 billion in July-to-November compared with $9.69 billion a year earlier. Garments are a key foreign-exchange earner for the South Asian nation...

Next TICFA Forum to start Nov 23

The second TICFA Forum meeting is going to be held on November 23 in Washington, U.S. Assistant U.S. Trade Representative for South Asia Mike Delaney and Senior Secretary of Commerce Hedayetullah ticfa2Al Mamun will co-chair the meeting. On November 25, 2013, the United States and Bangladesh signed the Trade and Investment Cooperation Forum Agreement (TICFA) to establish an annual forum to identify and address obstacles to increasing bilateral trade and investment. This year’s TICFA seeks to further bolster trade between the United States and Bangladesh,...

Key economic indicators Monday

Taka/US $ (inter-bank) 78.22-78.27 78.21-78.22 Call money rate (inter-bank) 02.75-05.00 02.75-05.00 Dhaka Stock Exchange index 4,416.91 4,443.15 --------------------------------------------------------------- MONTHLY moneyCURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Sept. 6.24 6.17 M2 supply (bln taka) (BB) September 8,214.73 8,053.78 Forex reserves ($bln)(BB) Oct. 27.06 26.38 Exports(FOB) ($mln)(BB) Sept. 2,374.65 3,054.07 Imports(FOB) ($mln)(BB) August 3,226.00 3,767.00 ----------------------------------------...
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