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DITF kicks off in city

The 19th edition of the annual event of  the month-long Dhaka International Trade Fair (DITF), 2014 began here on Saturday which is expected to help restore confidence among the business community apart from boosting trade ties with foreign partners. Prime Minister Sheikh Hasina inaugurated the fair, a platform for both local and foreign producers to showcase the products, at city’s Sher-e-Bangla Nagar on the grounds to the west of the Bangabandhu International Conference Centre in the morning. DITF-2014-logoSpeaking ...

Higher export growth keeps BDT up vs dollar

Bangladesh Taka (BDT) appreciated by more than 2.50 per cent against the US dollar in the just-concluded calendar year 2013, thanks to a higher growth in exports despite the domestic adversities. The US dollar was quoted at Tk 77.75-Tk 77.77 in the interbank foreign exchange (forex) market on December 30, the last working day of 2013 against Tk 79.75 on January 1, 2013. remmitanceThe US dollar’s weighted average came down to Tk 77.7512 in the forex market on December 30 last from ...

Cap on govt ODC loans to lower further

The ministry of finance (MoF) is likely to reduce the government’s borrowing further from the central bank through using the overdraft-current (ODC) tool in line with the suggestions of the International Monetary Fund (IMF), officials said. The MoF has already put a cap on the government’s borrowing from the Bangladesh Bank (BB) through ODC limiting it to Tk 40 billion. The new limit will come into effect on April 01 next, according to sources. bbBased on performance in the current fiscal year (FY) 2013-14 ...

Economy remain resilient in 2013: BB

The country’s economy remained resilient in 2013 despite political instability, mainly due to the positive growth of the export, import, remittance and foreign reserve, Bangladesh Bank (BB) disclosed through a press release on Monday. Amidst the ongoing world recession and political instability across the country, the national economy and the banking sector were in positive growth in 2013 except for the third quarter of the year, the central bank claimed, reports the Independent. The positive growth of many economic indicators is still comfortable for the national economy and has also helped the economy remain resilient in 2013, BB said. ...

Rana Plaza in world’s top 10 business stories in 2013

Cheap jeans and T-shirts can impose a human cost. That was driven home in April, when a building namely Rana Plaza in Bangladesh that housed garment factories collapsed and killed more than 1,100 people. 

It was an easy year to emulate Warren Buffett even as Congress almost wrecked the economy. U.S. stocks rocketed to new heights, and markets in Japan and Europe jumped, too. The gains enriched investors and defied a still-subpar economic rebound from the Great Recession. Budget fights closed much of the U.S. government for 16 days. Leaked classified documents showed that the National Security Agency collected private onlin...

$ 40m fund for Bangladesh building collapse victims

Prominent retailers and labor groups has created a $40 million fund to aid the families of victims of the garment factory building collapse in Bangaldesh that killed 1,100 people, officials said. The Bangladeshi government, several prominent retailers and labor groups joined together to create the fund to compensate the families of those killed and those injured in the April 24 collapse, the New York Times reported Monday. RMG Rana PlazaThe accident was the deadliest disa...
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