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Tea prices drop amid political unrest

Tea prices in Bangladesh declined for the second straight week at a weekly auction on Tuesday due to sluggish local demand amid political unrest that disrupted supplies. teaBangladesh has been racked by political violence since anti-government protests turned violent last month over a disputed election a year ago. More than 80 people have died and hundreds have been injured, most of them in firebomb attacks on vehicles, amid a violent nationwide transport blockade by the main opposition party aimed at toppling the government. Demand from local buye...

ICC workshop for BD Bankers in Colombo

International Chamber of Commerce (ICC) – Bangladesh, The world business organization is organizing jointly with ICC Sri Lanka a Workshop on International trade Finance : Rules and Tools, operations, legal cases and proven trade finance strategies in Sri Lanka on 13-15 February for Bankers from Bangladeshi banks. A total 106 bankers from 19 Banks including Bangladesh Bank, 18 commercial banks and Bangladesh Institute of Bank Management (BIBM). ICCB-300This is for the second time that ICC Bangladesh is organizing such a workshop outside the country. Some...

Evaluation document of Ctg Port by ADB

More than a third of the Bangladesh's economic activity was located within the Dhaka–Chittagong corridor, where the bulk of international trade is generated. Three modes of transport serve the corridor—road, rail, and inland waterways, which together account for 20 million tons of freight annually. export-importThere are three main ports in Bangladesh: Chittagong, Mongla, and Dhaka–Narayanganj, with 80% of the trade flowing through the port of Chittagong. Chittagong Port is an integral part of the subregional transport and logistics ...

Julphar acquires majority stake in RAK Pharmaceuticals

Julphar, the largest Emirati pharmaceutical company, has acquired a majority stake in Bangladesh based RAK Pharmaceuticals, marking its entry into the country and an expansion of its footprint in Asia. rakcRAK Pharmaceuticals is a subsidiary of RAK Ceramics and produces a variety of industry compliant tablets, capsules and syrups that are fit quality wise to meet a regulated healthcare market. The company turned over US5.7 million of sales in 2013, representing growth of 24% on the year before. Julphar and RAK Pharmaceuticals have had a long term ...

UAE steers motor sport development in BD

Bangladesh has become the latest country to turn to the UAE for vital assistance to develop a national infrastructure for motor sport. bd-uaeA team from the Automobile and Touring Club of the UAE has just returned from Dhaka after conducting a three-day training programme on behalf of the Automobile Association of Bangladesh (AAB). The team of specialists from the ATCUAE’s training and education division, the Motorsport Knowledge Institute, instructed officials on key aspects of rally organisation and other grass roots motor sport activities. ...

US calls for democratic space to resolve differences

Washington calls on every political actor in Bangladesh to play a role to stop violence and move into democratic space to resolve differences. Marcia_BernicatUS ambassador to Bangladesh Marcia Stephens Bloom Bernicat conveyed her country’s position on the current crisis to foreign minister A H Mahmood Ali at the foreign office on Tuesday. “We reiterate our call from Washington that everyone plays a role to stop violence and to move into the democratic space that Bangladesh is blessed to have,” Bernicat told newsmen after the m...
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