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Tea prices rally for second week on fresh leaf

May 13 Tea prices in Bangladesh rose for a second straight week at Tuesday’s weekly auction as fresh leaf arrived at the beginning of the new marketing season, brokers said. Tea prices dropped sharply in the last marketing season on tepid tea cupdemand from local buyers because of the damage to business sentiment caused by the renewed political unrest early this year that left more than 120 people dead and disrupted supplies. Buyers were active as the political violence eased and fresh leaf arrived, said an executive with National Brokers Lt...

China smartphone market, world’s largest, shrinks

China’s smartphone market has reached saturation, according to a new study by industry analyst IDC that carries potentially significant implications for the global handset industry led by giants like Apple Inc and Samsung Electronics Co Ltd. [caption id="attachment_15860" align="alignleft" width="300"]honkong_model A model poses for a selfie with the newly launched Xiaomi Mi 4i phone in Hong Kong, China on May 5. Photo: Reuters[/caption] During the first quarter of 2015, smartphone shipments in the world’s most populous country shrank for ...

Call money rate drops further

Despite higher demand for cash support from non-bank financial institutions and private commercial banks, the call money rate dropped further to 7.69 per cent on Wednesday compared to 7.80 per cent, a week before and 7.91 per cent on April 30. call moneyA total of 24 institutions borrowed Tk 2,519.00 crore at rates between 7.39 per cent and 8.00 per cent, central bank officials said noting that most non bank financial institutions are largely depended on the call money market to meet their cash shortages. Normally banks charge higher rates on non...

Calcium, Sodium Hypochlorites market in Bangladesh

Research and Markets has announced the addition of the “Calcium and Sodium Hypochlorites Market in Bangladesh: Business Report 2015” report to their offering. The report presents analysis of calcium and sodium hypochlorites calciummarket in Bangladesh. Scope
  • Brief country profile includes general information and main economic indicators and specifies business environment in Bangladesh
  • Calcium and Sodium Hypochlorites market is analyzed by different parameters including domestic production and consumption. Future market developme...

People in hard struggle as living costs up

Prices of different essential commodities, including rice, meat, electricity, house rent and transport fare, have increased over 60 per cent in last six years pushing the cost of living up in the country, particularly in Dhaka. The price hike and rising living cost has forced a large percentage of the country’s low- and fixed-income families into hardship, reports the New Age. fruits-and-vegetables1Economists talking to New Age gave mixed opinions about the impact of the price hike of essential commodities pointi...

Beef ban beefing up the Indo-Bangla border

Millions of cattle from Maharashtra will soon join the stream from West Bengal, Rajasthan, Punjab, Himachal Pradesh, Jharkhand, Madhya Pradesh, Uttar Pradesh, Haryana, Bihar and Uttarakhand that are smuggled annually to Bangladesh. This will be the unintended consequence of the Maharashtra government’s bullheaded decision to impose a ban on the slaughter of cows, bulls, steers and oxen. cattle smugglingThe other consequence of the ban is that this easing of the demand-supply gap in Bangladesh will bring cheer to beef consumers ...
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