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RMG exports jump 20.73pc in July-Nov’13

The exports of Bangladesh ready made garments increased by 20.73 percent in the first five months of the current fiscal year 2013-14 to US$ 9.653 billion, as against exports of US$ 7.995 billion made during the corresponding period of previous fiscal, the data from the Export Promotion Bureau (EPB) showed. Knitwear exports registered US$ 4.899 billion during July-November 2013 period, showing a year-on-year increase of 20.48 percent over exports worth US$ 4.066 billion made during the same period last year. Workers sort clothes at a garment factory near the collapsed Rana Plaza building in S... </div><!-- .entry-content --> </article><!-- #post-## --> <div class=

Bangladesh key economic indicators – Dec 23

DAILY INDICATORS

Sunday Previous Taka/US $ (inter-bank) 77.75-77.75 77.75-77.75 Call money rate (inter-bank) 06.50-08.00 05.50-08.00 Dhaka Stock Exchange index 4,288.87 4,244.63 ------------------------------------------------------------ indicatorMONTHLY CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Nov. 7.15 7.03 M2 supply (bln taka) (BB) Oct. 6,403.17 6,267.23 Forex reserves ($bln)(BB) Nov. 17.11 17.35 Exports(FOB) ($mln)(BB) Nov. 2,212.44 ...

India reduces tariff on onion export to Bangladesh

India has reduced tariff on export of onion to Bangladesh. The revised rate has been fixed at 800 $ per tonne with effect from Friday.  The Indian export authority has instructed the all related departments and offices in this connection. The previous rate of tariff was 1050 dollar. Onion importer Milton Saha from Khulna, who is owner of Sujan Enterprise, said, that the arrival of new consignments of onion in Bangladesh would take at least seven days, and the price would surely come down to Tk 50 per kg in the wholesale market. At presents, it sells at Tk 65. onion

BPC plans to import 1.3m tons of oil in 2014

BPC (Bangladesh Petroleum Corporation) plans to import 1.3 million tons of oil in 2014 for its sole refinery, up more than 8 per cent from a year ago, a senior BPC official said On Wednesday. Next year, 700,000 tons of Murban crude would be sourced from Abu Dhabi National Oil Company. BPC logoBPC, the country’s sole oil importer and distributor, bought around 1.2 million tons of crude from the two national oil companies in 2013 for its Eastern Refinery in port city Chittagong. It ...

Leather goods, footwear, ceramic exporters to get EDF fund

Leather goods, footwear and ceramic producers and exporters will get credit support from Export Development Fund, a special fund of the central bank, to help the growth of non-traditional exports. Bangladesh Bank in a circular on Wednesday said all members of Leather goods and Footwear Manufacturers and Exporters potteryAssociation of Bangladesh and Bangladesh Ceramic Wares Manufacturers’ Association will be allowed to draw EDF finance, reports BSS. The finance will be given for bul...

Bangladesh key economic indicators – Dec 18

DAILY INDICATORS

Tuesday Previous Taka/US $ (inter-bank) 77.75-77.75 77.75-77.75 Call money rate (inter-bank) 06.65-08.00 05.50-08.00 Dhaka Stock Exchange index 4,270.59 4,280.72 ------------------------------------------------------------ indicatorMONTHLY CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Nov. 7.15 7.03 M2 supply (bln taka) (BB) Oct. 6,403.17 6,267.23 Forex reserves ($bln)(BB) Nov. 17.11 17.35 Exports(FOB) ($mln)(BB) Sept. 2,590.2...