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Global Cotton Summit kicks off

The two-day Global Cotton Summit Bangladesh-2015, being jointly organised by the Bangladesh Cotton Association (BCA) and Bangladesh Textile Mills Association (BTMA), will take place on 20-21 March, 2015, in Dhaka. cotton summitThe summit will be inaugurated by Mohammad Emaz Uddin Pramanik, Bangladesh’s minister of textiles and jute. There will be 13 sessions over the two-day period where eminent personalities will speak on various aspects of cotton and textile industry. Each session/panel discussion will be followed by a question and answer s...

Obama tells Iran to grasp ‘historic’ chance

US President Barack Obama told the people and leaders of Iran on Thursday that nuclear talks presented “the best opportunity in decades” for the two countries to transform long-frayed ties, but warned there was still work to do in the tortuous negotiations. obama]It came after mixed messages emerged from the talks earlier in the day in Switzerland, where US Secretary of State John Kerry and his Iranian counterpart hailed “progress,” but a European negotiator said Tehran and the six major powers were “pretty far from a deal.” The countdown has be...

More ‘interest free’ loan for Bangladesh: WB

The World Bank (WB) gave approval for more $200 million ‘interest free’ loans for Bangladesh. The loan will be given for projects regarding livelihood improvement. wbBoard of Directors of WB approved the loan at a meeting in Washington on Wednesday. The loan has to be repaid by the Bangladesh Government by a period of 38 years. Grace period of 6 years starting from the time of handover of the loans was also approved. 0.75% service charge is applied on the loan. The livelihood improvement project was constructed based on the success of the ‘Social ...

Potato price spirals give farmers respite from losses

Speculation of poor crops for unfavourable weather and resumption of exports have fuelled potato prices, raising farmers’ hopes of recouping the losses incurred for selling vegetables at throwaway prices early this year owing to political unrest. potato-ReutersFarmers now get up to Tk 10 (S$0.2) per kilogram for one of the popular varieties of potato, Diamant, up from Tk 8 for the same variety early this month, said Rahidul Islam, a vegetable stockist and wholesaler at Mahasthan Bazar, one of the main wholesale vegetable depots up...

IBBL Shari`ah Supervisory Committee meets

A meeting of the Shari`ah Supervisory Committee of Islami Bank Bangladesh Limited was held on March 19, 2015 Thursday at Islami Bank Tower. Sayeed Ahmad, Vice Chairman of the Committee and Mufti of Al Jamiatus Siddikiah Darul Ulum (Madrasha-e-Furfura Sharif) presided over the meeting. IBBL logoThe meeting was attended by Md. Abdur Rakib, Former Executive President of Islami Bank, Abdus Shaheed Naseem, President, Bangladesh Quran Shikkha Society, Dr. Hasan Mohammad Moinuddin, Associate Professor of International Islamic University Chittagong, Dr. A.S.M...

India, Myanmar to start border trade thru’ Mizoram

India and Myanmar would soon start formal border trade through the northeastern state of Mizoram, a senior state government official said here on Wednesday. “India’s Minister for Commerce and Industry Nirmala Sitharaman will inaugurate a land customs station (LCS) at Zokhawthar in indiaChamphai district (in eastern Mizoram) on March 25 to start the formal border trade with Myanmar,” an official of Mizoram’s commerce and industry department said. He said: “Myanmar’s Commerce Minister U. Win Myint is expected to be present at the inaugural function as both t...
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