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Tea prices fall for 6th week on ample supply

Tea prices in Bangladesh fell for a sixth straight week at the weekly auction on Tuesday as increased volumes, the highest of the season so far, put a lid on prices. Bangladeshi tea fetched an average 187.25 taka ($2.5) per kg at the 16th auction of the current marketing season, down from 190.29 taka at the previous week’s sale, an executive with National Brokers said. tea cupThe latest offering was the largest of the season so far, capping prices and sales, the executive said. About 2.1 million kg were offered at the sole auction centr...

BD, India resort to onion imports as supply dips

Onion prices in Bangladesh have nearly doubled in the past month due to a shortage in top supplier India, forcing the neighbours to turn to imports from countries such as Egypt, Iran, Afghanistan and Pakistan. The Trading Corporation of Bangladesh said on Wednesday it had sought 450 tonnes and could buy more. Also, India will examine bids on Thursday for a tender to import 10,000 tonnes of [caption id="attachment_19265" align="alignright" width="644"]A vendor weighs potatoes for a customer (not pictured) in his shop at a vegetable market in Kolkata, India, August 12, 2015. REUTER... </div><!-- .entry-content --> </article><!-- #post-## --> <div class=

Plan for 1.5 m BD workers in Malaysia in negation

The plan to bring in some 1.5 million workers from Bangladesh to Malaysia in stages over three years contradicts objectives in the 11th Malaysia Plan (11MP) to reduce dependency on low-skilled foreign labour, the country’s umbrella body of trade unions said. [caption id="attachment_18899" align="alignright" width="533"]MTUC SG MTUC secretary-general N. Gopal Kishnam says Malaysia will not achieved developed nation nor high-income nation status if 1.5 million workers are brought in to the country to provide cheap labour at the expense of Malaysians who n...

BB to refinance NRBCBank

An agreement was recently signed between Bangladesh Bank and NRBC Bank. Under this agreement Bangladesh Bank will refinance NRBCBank against their finance to Jute processing industries. B Bank & NRBCBankMr. Provash Chandra Mallick, General Manager of Bangladesh Bank and Mr. Dewan Mujibur Rahman, MD & CEO of NRBCBank signed the agreement on behalf of their respective organizations. Among others, Deputy General Manager Mr. Tapan Kumar Saha, Deputy Director Mr. Mohammad Abdullah Al Masum  of Bangladesh Bank and Senior Executive V...

Tea prices slip amid ample supply

Tea prices in Bangladesh fell for a second straight session at the weekly auction on Tuesday as the volumes offered were the highest for the season so far, but strong demand for quality leaf capped the slide and sales rose. Bangladeshi tea fetched an average 198.80 taka ($2.5) per kg at the auction, the twelfth of the new marketing season, compared with 198.97 taka at the previous sale on July 14, an executive with National Brokers said. teaThere was strong demand for quality tea that limited the fall and sales also rose, although the latest offering was the l...

Governance, risk & compliance of insurance industry

Research and Markets has announced the addition of the “Governance, Risk and Compliance - The Bangladeshi Insurance Industry” report to their offering. ‘Governance, Risk and Compliance - The Bangladeshi Insurance Industry report is the result of extensive research into the insurance regulatory framework in Bangladesh. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report bd insurancespecifies various requirements for ...
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