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Tea prices plunge on poor local demand

Tea prices in Bangladesh dropped on Tuesday at the second auction of the new season on weak demand from local buyers despite the arrival of fresh and good quality leaf, brokers said. Bangladeshi tea fetched an average of 183.82 taka ($2.3) per kg at the auction, down from 194.27 taka at the first auction of the new season, an official at National Brokers Limited said. teaMajor buyers were back at the market on the arrival of fresh leaf as new season started, although demand were still weak that left huge volume of tea unsold, the official said. Nearly 94...

Bangladesh to sell naphtha at highest price

Bangladesh Petroleum Corp (BPC) will sell 170,000 barrels of naphtha to MRI Trading in May at a premium of $1.15 a barrel to Singapore quotes on a free-on-board (FOB) basis, the highest price in more than a year and sharply up from a previous sale. Five firms competed for the tender, which was reissued on short supply, for loading over May 28-30 from Chittagong, a BPC official said. BPCThis was the highest bid that BPC has received since March last year. Vitol Asia won the original tender with a premium of 12 cents a barrel, for May 10-12 loading, but the tender ...

Tea prices up at start of new auction season  

Tea prices in Bangladesh rose on Wednesday at the first auction of the new auction season, on the arrival of fresh and good quality leaf, brokers said. Bangladeshi tea fetched an average of 194.27 taka ($2.50) per kg at the auction, up from 68.03 taka at the last auction of the previous season, which was extended through April from the typical close at end-March, an official from National Brokers Limited said. Major buyers were back to the market on the arrival of fresh leaf at the first auction of the new season, the official said. teaSales volume...

Electric revolution in transport sector

Green and yellow auto rickshaws chug through the crowded streets of New Delhi. Tuk tuks sputter on the roads in Thailand to tourists’ delight. Millions in South and Southeast Asia rely on these three wheelers—known variously as rickshaws, tuk tuks or tricycles—as an affordable mode of transportation. ebikeBut while beloved by many, the vehicles are also blamed for bottleneck congestion and pollution, spewing carbon monoxide, carbon dioxide and particle matters that become trapped inside the lungs. “In many places both inside China and in other Asian cou...

Sudan keen to import jute, jute goods from Bangladesh    

Sudan expressed its interest to import jute, jute goods and pharmaceutical products from Bangladesh. The non-resident Sudanese Ambassador to Bangladesh, Dr Hassan E El Talib, expressed this interest when he called on Prime Minister Sheikh Hasina at her official Ganobhaban residence here on Sunday evening. He also requested the Prime Minister to encourage Bangladeshi investors to invest in his country in shipbreaking industry. jute goodsPM’s special assistant Mahbubul Hoque Shakil briefed reporters after the meeting, reports BSS. Dr Talib co...

Job scope for 15,000 Bangladeshis in British curry industry

The 3.6 billion-pound British curry industry, mostly owned and run by Bangladeshi entrepreneurs, has a shortage of some 15,000 skilled chefs and managers, said a successful restaurateur, insisting the Bangladesh government on grabbing the opportunity, reports BSS. A leader of the British-Bangladesh Chamber of Commerce and Industry (BBCCI) already dispatched a proposal to the British government requesting to pave the way for fulfilling the requirement of manpower shortage from Bangladesh. “We’ve, of late, submitted a comprehensive proposal with requirement of around 15,000 jobs to the British Prime Minister . easing immigration rules got paramount importance in the proposal,” Enam Ali, MBE, a Bangladeshi living in Britain and director of BBCCI, told BSS here today.
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