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Glencore makes lowest offer in tender to sell wheat to Bangladesh

Glencore International made the lowest offer of $279.75 a tonne in a tender to sell 50,000 tonnes of wheat to Bangladesh, an official from the state grains buyer said on Wednesday. The only other participant in the tender, opened late on Tuesday, was Olam International, which offered $309 a tonne, including freight, insurance and other expenses. wheatThis was the fourth international wheat purchase tender issued by the Directorate General of Food since the current financial year started in July. The state grains buyer plans to import 900,000 tonnes of wh...

Embassy warns Thais in Bangladesh

The Royal Thai Embassy in Bangladesh has warned Thai citizens to exercise caution and avoid government offices and important venues in Dhaka and other major cities prone to political protests following violent clashes that, so far, have claimed at least four lives and injured scores of people. hartalBurning vehicles, set on fire by opposition demonstrators, are pictured during violent protests in Dhaka on Jan 6. Bangladesh police that day arrested the deputy leader of the country’s main opposition party over accusations that he incited a series o...

Bangladesh diplomat must face domestic worker’s US lawsuit

A US judge on Tuesday rejected a request by a Bangladesh diplomat and his wife to dismiss a lawsuit by a former domestic worker who accused them of forcing him to work without pay in slavery-like conditions. US-bdUS District Judge Sidney Stein in Manhattan said Monirul Islam, a former New York consul general of Bangladesh, and his wife Fahima Tahsina Prova were not immune from the lawsuit by Mashud Parves Rana, because their employment and supervision of him were not "consular functions." Rana sued for back pay and punitive damages last March, shortly befor...

Why can’t Bangladeshis protest peacefully?

Today, one year following national elections in Bangladesh, at least four people died in violence following political protests in Dhaka and other cities across the country. The proximate reason: the opposition Bangladesh National Party (BNP) took out protests, which the ruling Awami League government had banned, to mark a “Murder of Democracy Day.” Despite the ban on protests, press reports indicate that members of the Awami League “outnumbered” the opposition on the streets of Dhaka. hartalA brief recap of the past year’s events provides the bac...

Atiur awarded “Central Banker of the Year”

Bangladesh Bank (BB) Governor Atiur Rahman has been awarded the "Central Banker of the Year 2015" for the Asia-Pacific. The Banker, a magazine of the London-based Financial Times, announced the award on Monday. dr. atiurDr Atiur received the award for his extraordinary contribution to the country's economy, with maintaining stability, endeavoring inclusive banking, green banking and corporate social responsibility (CSR) activities. The magazine also named the governors of the year for America, Europe, the Middle East and Africa regions. ...

ECNEC approves 177 development projects

The Executive Committee of the Bangladesh National Economic Council (ECNEC) has approved a total of 177 development projects with the outlay of Tk 1,23,404.52 crore in the first year of the current tenure of the AL-led grand alliance government, reports BSS. ecnec meetingOf the total expenditure to be involved, the government will provide Tk 47,314.9 crore from the national exchequer, Tk 71,688.73 crore will come as project assistance and Tk 4,400.89 crore from the organizations concerned. In line with Vision 2021 of the AL-led g...
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