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Key economic indicators – March 26

March 26 DAILY INDICATORS Wednesday Previous Taka/US $ (inter-bank) 77.80-77.80 77.80-77.80 Call money rate (inter-bank) 07.50-08.00 07.50-8.00 Dhaka Stock Exchange index 4,509.30 4,493.40 --------------------------------------------------------------- indicatorMONTHLY CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Dec. 6.04 6.11 M2 supply (bln taka) (BB) Jan. 7,385.26 7,412.48 Forex reserves ($bln)(BB) Feb. 23.03 22.04 Exports(FOB) ($mln)(BB) Feb. 2,512.42 2,844.13 Imports(FOB) ($mln)(BB) Jan. 3,617.60 3...

No hartal: Cox’s Bazar hotel occupancy jumps to 50pc

A good number of people are rushing to beach city Cox’s Bazar and hill station Rangamati to re-energize their minds and souls that had got bored because of a long blockade and hartal programme. The city people want to inhale fresh air, walk freely and without any fear along the beach line or uneven roads of Rangamati during this brief holiday, thanks to a break in general strike programme, being sponsored by BNP-led alliance. cox'a bazarWith Thursday as an Independence Day holiday, holiday-makers got another two-day weekend this time, without an...

Social Impact Bonds for factories in Bangladesh

The two main initiatives established in response to the 2013 Rana Plaza disaster in Bangladesh, where nearly 1,200 garment workers lost their lives from a factory collapse, are wrestling with a critical question: Who should pay for the work needed to ensure basic factory safety standards in Bangladesh? ranaplazaIt turns out that the global economy has enough financial assets, yet funds don’t always flow in the areas where they are needed. The global debt market is around $78 trillion and growing. Every week, an average of $100 billion in inv...

Govt declares ‘Agar’ as small industry

Considering the empowerment at the grassroots and its contribution to economic activities, the government has declared 'Agar' as a small industry. SME-FoundationThe decision was taken at a meeting of executive committee of National Council for Industrial Development in the meeting room of Industries Ministry with Minister Amir Hossain Amu in the chair. "'Atar' extracted from the 'Agarwood' is a sought-after perfume worldwide and its demand in the international market is huge. That is why, we are declaring it as a small industry," Amu said...

BASIC Bank will operate as a scheduled bank from now: BB

State-owned BASIC Bank will operate as a scheduled bank from now on rather than a specialised one, says Bangladesh Bank. The decision was taken at a Board meeting of the central bank recently. “The board members have been instructed to describe BASIC Bank as a commercial bank. And all the banks have been instructed accordingly,” said Bangladesh Bank’s Executive Director M logo-basic-bankMahfuzur Rahman. According to its Articles of Association, BASIC bank has to disburse 50 percent of its funds available for borrowing to small and me...

Bangladesh approves Islamic financial instruments

In a bid to accelerate the country’s economy, Bangladesh has launched a new interest-free financial instrument pertaining to Islamic Shari‘ah, highlighting the need for a strong Islamic Shari‘ah board or council to operate and supervise the new instrument. “This Islamic Investment Bond is good financial instrument for islamic bondBangladesh economy,” Professor Mujahidul Islam, senior teacher and former chairman of the banking department of Dhaka University, told OnIslam.net. “But there are some problems, so this kind of bond is not popular i...
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