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Tea prices down on poor grade

Tea prices in Bangladesh fell at the weekly auction on Tuesday from the previous sale, due to larger supplies of inferior quality, although strong demand for quality leaf limited the slide and sales rose. teaBangladeshi tea fetched an average of 183.46 taka ($2.39) per kg at the auction, below the 184.74 taka at the previous sale, said an official at National Brokers Ltd. More than 2.47 million kg was offered at the auction centre in Chittagong, with 18.3 percent going unsold. The last time, about 2.45 million kg was offered, of which nearly a fifth w...

ICC Int’l Confce on 25-26 October

UNCTAD Secretary General Dr. Mukhisa Kituyi and around 500 delegates from home and abroad will join the conference Dhaka, 14 October, 2014: The National Committee of International Chamber of Commerce (ICC), The world business organization is going to hold an International Conference on Global Economic Recovery: Asian Perspective on 25-26 0ctober 2014 in Dhaka. ICCB-300United Nations Conference on Trade and Development (UNCTAD) Secretary General Dr. Mukhisa Kituyi has confirmed his attendance as Guests of Honor at the ICC International conference. Dr. Mu...

Yunus wins this year’s Global Entrepreneurship Award

Nobel laureate Muhammad Yunus was picked up for the 2nd Global Entrepreneurship Award (GEA-2014) under the umbrella of the Centennial Fund (CF) chaired by Prince Abdulaziz bin Abdullah, Saudi deputy minister of foreign affairs. This was announced by the secretary-general of the award, Abdulaziz Al-Mutairi, who said the GEA-Award committee’s decision was based on Yunus’ distinguished efforts at highlighting the culture of entrepreneurship, reports Arab News. dr. YunusAl-Mutairi did not disclose the names of the other winners. Last year th...

Nearly 1,700 RMG factories inspected

Two big groups of retailers and apparel brands have completed a major step toward advancing garment-factory safety in Bangladesh: They have finished inspecting nearly 1,700 factories in that country. A European-dominated group — the Bangladesh Accord on Fire and Building Safety, with 189 corporate members, including H&M and Carrefour — said on Tuesday that it had found more than 80,000 safety problems in the 1,106 factories it inspected. Bangladesh-rmg-workerThe other — an American-dominated group, the Alliance...

Widespread safety issues identified at BD RMG factories

Inspectors hired by a group of Western clothing brands have found safety problems at all the Bangladesh factories they visited as part of an initiative launched after a building collapse last year killed more than 1,100 workers. The Accord for Fire and Building Safety in Bangladesh is seeking remedial action after identifying more than 80,000 safety issues, while the country’s $22 billion garment industry grapples with slowing export growth as buyers turn to India, Myanmar, Vietnam and Cambodia because of concerns over workshop safety, higher wages and political instability.

Nepal to enlarge its power picture following BD, India    

Backed by new power trade opportunities in SAARC region, Himalayan country Nepal, with its sky high Hydropower potential, is taking ambitious power plans to have high augmentation in its generation capacity as well as cross border evacuation routes. According to Nepalese Energy Minister Radha Kumari Gyawali, despite 83,000-megawatt hydro-power potential, Nepal suffers from a severe power crisis as it is able to generate barely 800MW. Even it needs to import electricity from India during winter. But, the country is expected to become power surplus by 2016. In due course of time, it will export electricity to India and other countries.
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