IAF awarded EU funded Bangladesh project
The International Apparel Federation (IAF) has been granted an EU funded project together with its two association members BKMEA (The Bangladesh Knitwear Manufacturers and Exporters Association) and HCIA (The Hellenic Clothing Industry Association).
The project is aimed at capacity building, network extension and knowledge transfer. As a result this project BKMEA and HCIA will be able to better service the companies that are their members by having gained more international contacts, more knowledge and more insights.
TCB issues tender to buy 1,500t of lentils
Trading Corporation of Bangladesh (TCB) has floated a tender to import 1,500 tonnes of lentils as part of efforts to secure food supplies for the Muslim fasting month of Ramadan, a senior official at the state buyer said on Thursday.
The last date for submission of bids is Feb. 18, and the lentils are to be shipped within 45 days from the opening of the letter of credit on the purchase, the official said.
The state buyer has moved to import other items a...
The state buyer has moved to import other items a...
Bangladesh key economic indicators – Jan 24
DAILY INDICATORS
Thursday Previous Taka/US $ (inter-bank) 77.75-77.75 77.75-77.75 Call money rate (inter-bank) 05.50-08.00 06.40-08.00 Dhaka Stock Exchange index 4,702.66 4,640.56 ---------------------------------------------------------------
MONTHLY
CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Dec. 7.53 7.15
M2 supply (bln taka) (BB) Nov. 6,425.75 6,403.17 Forex reserves ($bln)(BB) Dec. 18.07 17.11
Exports(FOB) ($mln)(BB) Nov. 2,2...
Govt puts LNG terminal project on fast-track route
The government has put the country's first LNG import terminal project on a fast-track route for implementation on a priority basis, to ease the country's energy crisis and accelerate economic growth, said Petrobangla Chairman Hussain Monsur.
The first meeting of the Fast Track Project Monitoring Committee, chaired by Prime Minister Sheikh Hasina, held in Dhaka on Wednesday identified the project as fast-track one, among others.
During the meeting, the prime minister directed the Energy and...
During the meeting, the prime minister directed the Energy and...
Disproportionate sanctions against pro-Islamist newspaper
Reporters Without Borders is concerned about all the sanctions taken against the pro-Islamist newspaper Dainik Inqilab. In the space of a few hours last week, its print edition was suspended, all of its printing equipment was seized or sealed, and three of its journalists were arrested.
“It is wrong for a newspaper to publish false information but the sanctions must not be disproportionate,” Reporters Without Borders said. “The application of the Information and Communication Technology Act to this case and the measures taken against the newspaper are totally excessive”.
Tea up on strong demand for quality leaf
Tea prices in Bangladesh rose at the weekly auction on Tuesday on strong demand for quality leaf, although sales dropped for the large quantity of poor grade supplies on offer, brokers said.
At the latest auction, Bangladeshi tea fetched an average of 198.43 taka ($2.55) per kg against 196.93 taka in the previous auction held on Jan. 15, an official from National Brokers Limited said.
"Buyers are ready to pay higher price for good quality tea, but higher supplies of poor grade tea pulled down overall sales v...
At the latest auction, Bangladeshi tea fetched an average of 198.43 taka ($2.55) per kg against 196.93 taka in the previous auction held on Jan. 15, an official from National Brokers Limited said.
"Buyers are ready to pay higher price for good quality tea, but higher supplies of poor grade tea pulled down overall sales v...
