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Month-long DITF kicks off Saturday

The month-long Dhaka International Trade Fair (DITF)’ 2014 is going to start here in the city on Saturday. The fair, an annual showcase arranged by the Export Promotion Bureau (EPB) and the Commerce Ministry, will be inaugurated at city’s Sher-e-Bangla Nagar on the grounds to the west of the Bangabandhu International Conference Centre. DITF-2014-logoCommerce Secretary Mahbub Ahmed will brief the media tomorrow (Friday) about the features of this year’s fair at the DITF se...

Bangladesh key economic indicators – Jan 3

DAILY INDICATORS

Thursday Previous Taka/US $ (inter-bank) 77.75-77.7525 77.75-77.75 Call money rate (inter-bank) 06.50-08.00 06.25-08.00 Dhaka Stock Exchange index 4,314.09 4,286.15 --------------------------------------------------------------- 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 ($bln)(BB) Dec. 18.07 17.11 Exports(FOB) ($mln)(BB) Nov. 2,...

Bangladesh key economic indicators – Jan 2

DAILY INDICATORS

Wednesday Previous Taka/US $ (inter-bank) 77.75-77.75 77.75-77.77 Call money rate (inter-bank) 06.75-08.00 06.50-08.00 Dhaka Stock Exchange index 4,286.15 4,266.55 --------------------------------------------------------------- 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 ($bln)(BB) Dec. 18.07 17.11 Exports(FOB) ($mln)(BB) Nov. 2,2...

Tea shows gloom ahead of election

Tea prices in Bangladesh fell and sales dipped at a weekly auction on Tuesday ahead of elections on Jan. 5 which the main opposition has boycotted. teaAt the latest auction, Bangladeshi tea fetched an average of 191.64 taka ($2.50) per kg against 193.98 taka in the previous auction held on Dec. 24, an official from National Brokers Ltd said. Nearly 2 million kg of tea was offered at the auction centre in Chittagong, with 27 percent remaining unsold. Almost the same volume was offered and 11 per...

Time-frame extended by 1 year to revitalise stock market

Bangladesh Bank (BB) extended the time- frame by one year for adjustment of “single borrower exposure limit” by the commercial banks for financing the operations of their brokerage houses and merchant banks. BB’s initiative came as a year-end initiative to revitalise the share market by allowing banks maintain their higher stock market exposure for one more year, which will help maintain a steady demand on the market, reports BSS. bbThe central bank in a circular on Monday said that subsidiaries of banks cr...

No need to control ICAB thru’ FRC: Barrister Shafique

The Institute of Chartered Accountants of Bangladesh (ICAB) is moving forward to develop the standards of accounting in the country. So, there is no need to form any super functional body to take upper hand over ICAB as the Institute is a professional body, said  Barrister Shafique Ahmed, Advisor to the Prime Minister on Law, Justice and Parliamentary Affairs. He said, we do not find any oversight body to supervise the function of the Supreme Court Bar Association; then why should we need a super functional body to have control over ICAB. Such move is contradictory with the existing law; therefore the proposed Financial Reporting Act cannot be enacted.
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