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.
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, 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 ...
BPC, 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
Association of Bangladesh and Bangladesh Ceramic Wares Manufacturers’ Association will be allowed to draw EDF finance, reports BSS.
The finance will be given for bul...
Association 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 ------------------------------------------------------------
MONTHLY
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...
US envoy for joint efforts to curb terrorist financing
The US Ambassador in Dhaka, W Dan Mozena emphasized on joint efforts of world’s democratic nations to curb terrorist financing and money laundering.
“The best way to win this battle against the terrorists is for the democratic nations of the world to work together to deny these terrorists the money they seek to finance their war on us,” he said while addressing the launching of a training for non-financial businesses and professionals.
The training was jointly organised by Bangladesh Bank (BB) and US Depar...
The training was jointly organised by Bangladesh Bank (BB) and US Depar...
Singapore to deport 52 Indians, one Bangladeshi after riots
The Singaporean authorities are planning to deport 52 Indians and a Bangladeshi worker for getting involved in a rare riot that hit the city-state, recently.
The planned deportation can be seen as a tough move by the Singaporean authorities ensure that no such calamity takes place in the future.
The riot was caused following an Indian national died after a moving bus hit him.
Nearly 400 people were engaged in the riot causing havoc in a certain part of the city in protest of the accident.
Singaporean police has said that they have completed the...
The planned deportation can be seen as a tough move by the Singaporean authorities ensure that no such calamity takes place in the future.
The riot was caused following an Indian national died after a moving bus hit him.
Nearly 400 people were engaged in the riot causing havoc in a certain part of the city in protest of the accident.
Singaporean police has said that they have completed the...
