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New Chinese frigate for Navy

China Tuesday launched a new frigate built for the Bangladesh Navy. The frigate, with a displacement of 1,300 tonnes and a maximum speed of 25 knots, is 90 metres long and measures 11 metres across the beam. It can accommodate 80 crew members, according to a Xinhua report. [caption id="attachment_11747" align="alignleft" width="275"]frigate Navy Frigate, File Photo[/caption] The vessel was launched in Wuhan city in Hubei province. It will be the most advanced frigate in the Bangladesh Navy, which will be a boost to its coastal defence capabilities and to the Ch...

Global experts show optimism on Bangla apparel sector

Global experts and apparel retailers have shown optimism in the Bangladesh apparel sector and said that its target to export $50 billion worth of garments by 2021 could be achieved. fashionThis was revealed in a statement from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), after conclusion of an apparel summit, which was attended by retailers and experts. According to the statement, retailers and experts who participated in the three-day mega event held in December expressed their highly positive feedback to the BGME...

Tea prices end seven-week climb

Tea prices in Bangladesh fell at the weekly auction on Tuesday, snapping a seven-week run of gains, on subdued demand and lower supply of premier-quality leaf. teaBangladeshi tea fetched an average 191.02 taka ($2.40) per kg, compared with 192.96 taka at the previous sale, said an executive with National Brokers Ltd. About 2.23 million kg was offered at the auction centre in Chittagong, of which 24 percent went unsold. In the previous auction, nearly 2.3 million kg was offered, with nearly 17 percent remaining unsold. There was less demand from loc...

Botswana minister in BD on rural dev mission

The Assistant Minister for Presidential Affairs and Public Administration  of Botswana, Mr Phillip Makgalemele visited Bangladesh recently on issues related to poverty eradication. Botswana Government Communications and Information Services (BGCIS) reports that the purpose of the assistant minister's visit was to study Bangladesh's poverty eradication model, as well as overall agricultural and economic progress through rural development. bd fundd BGCIS says Bangladesh foreign minister Mr Abul Hassan Mahmood Ali held official talks with the...

‘Unnecessary rice import’ despite huge production  

The import of rice increased by 295 per cent to $63.59 million in November this year from $16.07 million in the same month a year ago, although the government has started to export rice to Sri Lanka for the first time. According to Bangladesh Bank data released on Monday apart from the huge import rice of November, letters of credit worth $59.81 million were opened in the month for import of the food grain. pariza rice panicleThe government on Saturday shipped 12,500 tonnes of rice to Colombo in Sri Lanka as the first c...

IBFB concern over political turmoil

International Business Forum of Bangladesh (IBFB) expressed its deep concern and anxiety with the recent programs of some of the political parties of the country and resultant comments of each other. Observing these destructive activities of the political parties IBFB is apprehending political instability and destructive activity in the field of trade and commerce like last year which will be detrimental and harmful and hinder the progress of overall economy of the country. ibfbIBFB President Hafizur Rahman Khan, also the Chairman, Runner Group of Companies...
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