Browse Category

Bangladesh

Fourth review under IMF ECF arrangement

  An International Monetary Fund mission (IMF), led by Mr. Rodrigo Cubero, visited Dhaka during March 19-April 2 to conduct the fourth review under the three-year, SDR 639.96 million (US$ 985.66 Million), Extended Credit Facility (ECF) arrangement. The mission met with the Minister of Finance, Minister of Planning, Finance Secretary, Banking Secretary, Bangladesh Bank Governor, other senior officials, and development partners. IMFAt the conclusion of the visit, Mr. Cubero made the following statement: ...

Bangladesh always ready to host any ICC event: PM

sheikh-hasina2Prime Minister Sheikh Hasina on Sunday said Bangladesh is always ready to host any International Cricket Council (ICC)-sponsored cricket tournament. The Prime Minister came up with the offer when visiting ICC president Alan Assac met her at her office. PM’s Special Assistant Mahbubul Hoque Shakil, who was present during the meeting, later briefed reporters. West Indies Cricket Board president Whycliffe Cameron Dave, Singapore Cricket Boar president Imran Khawja, ICC director Neil Speight and ICC chief executive...

Over 1,00,000 tonnes summer vegetables expected in Narsingdi

fruits-and-vegetables1The cultivation of summer vegetables is going on in full swing in six upazilas of the district aimed at producing over one lakh tonnes during the current season. Department of Agriculture Extension (DAE) set a target to cultivate 6,815 hectares of land under the cultivation in the district with the production target of 1,00527 tonnes vegetables. Deputy Director of DAE Muksed Ali said 'we hope that the target would be achieved if there is no climate hazard'. He also said that the farmers ...

Rice imports are likely to decline due to higher production

The USDA Post says that Bangladesh rice imports are likely to decline sharply to around 100,000 tons in MY 2014-15 (May – April), down about 75% from an estimated 400,000 tons in MY 2013-14 due to higher than expected production. The Post has increased the projections for Bangladesh rice imports in MY2013-14 to 400,000 tons, which is up about 81% from USDA official estimates of 220,000 tons. The Post says that rice imports are expected to increase this year due to a strong Taka (currency) and high internal transportation costs that are causing domestic rice prices to be uncompetitive in districts that border India.

Bangladesh not to follow Japanese law constructing Chancery Complex

Cabinet Economic Affairs Committee has turned down a proposal of the Foreign Ministry to follow Japanese law in appointing contractor for the construction Bangladesh Chancery Complex in Tokyo. Rather, the Cabinet body asked the Foreign Ministry to go for direct procurement process under the purview of Bangladesh public procurement law (PPA) 2006. bangladesh-tokyoIn its proposal, the Foreign Ministry sought the waiver from following the Bangladesh law and instead following the Japanese law in th...

Bangladesh agrees to open power corridor for India

Dhaka has agreed to provide transit facility for a 6,000-megawatt Indian power transmission line while parts of the quantum could be used by Bangladesh. "A committee has been formed to see the feasibility of transmitting power through Rangia Raota in Assam to Borakpur in Bihar through Boro Pukuria in northwestern Dinajpur in Bangladesh," Bangladesh's power secretary Monowar Islam told a joint media briefing with his Indian counterpart Pradeep Kumar Sinha on Thursday. bd-indiaThe briefing came after a...
Verified by MonsterInsights