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New Zealand business group carps buying ferry from Bangladesh

There is mounting criticism of the New Zealand Government for getting the 60-seat boat built cheaply in Bangladesh instead of the country. A business group says the process for buying a new ferry from Bangladesh with aid money was flawed from the beginning. The Ministry of Foreign Affairs and Trade (MFAT) of New Zealand commissioned the aid-funded ferry for $8 million to replace a vessel linking the New Zealandterritory of Tokelau to Samoa with fortnightly sailings. FerryKim Campbell, chief executive of the Northern Employers and Manufacturers As...

Bangladesh key economic indicators – Jan 14

DAILY INDICATORS

Monday Previous Taka/US $ (inter-bank) 77.75-77.75 77.75-77.75 Call money rate (inter-bank) 06.25-08.00 05.50-08.00 Dhaka Stock Exchange index 4,454.83 4,437.82 --------------------------------------------------------------- indicator 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. 2,212...

FBCCI provides monetary help to burnt victims

FBCCIThe Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has provided financial assistance to the victims of recent petrol bomb attacks. FBCCI leaders visited the burn unit at Dhaka Medical College Hospital (DMCH) on Sunday and handed over Tk 10,000 to each of the relevant burn patients. The families of the patients who died after recieving injuries in petrol bomb attacks will also get an assistance of Tk 50,000 each. FBCCI president Akram Uddin Ahmed said it will continue the assistance...

Vegetables’ price increases due to political turmoil

The price of vegetables has increased by Tk10 to 15 per kg, as post poll violence, hartal and blockade affected country’s communication sector. Though vegetables growers are not getting return of their investment due to low price, the consumers in Dhaka city pay high price to buy those.  The traders say that the transport fare had been increased three times by this time. Godown owner Suja Uddin, of Karwan Bazar has said that the truck drivers demanded Tk 60,000 on Thursday, as fare from Natore, against the normal fare of Tk25, 000. “I have invested Tk 5,00,000 to five vegetables farmers of Natore district on condition of supplying in time. But violence over January 5 election caused a massive loss to me,” He said.

DITF hoped fetching significant export orders

The month-long Dhaka International Trade Fair (DITF), 2014, the 19th edition of the annual event, begins here on Saturday with a high hope of fetching significant export orders. Prime Minister Sheikh Hasina is expected to inaugurate the fair, a platform for both local and foreign producers to showcase the products, at city’s Sher-e-Bangla Nagar on the grounds to the west of the Bangabandhu International Conference Centre in the morning. DITF-2014-logo

NBR asked to cut RMG export tax at 0.3pc

The government has bowed to the pressure of readymade garment manufacturers by agreeing to reduce significantly tax on apparel exports. The national board of revenue officials told that the ministry of finance directed them to lower the tax at 0.3 per cent from existing 0.8 per cent. NBR1NBR, which is going to face a revenue shortfall of around Tk 13,000 crore in the current fiscal, has also asked to make the directive effective from January 1, 2014. They said the new rate would cost the r...
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