Rice imports soar amid high domestic prices
The country’s rice import value has increased to about $229.59 million during the first nine months of the fiscal year 2013-14 (July 2013 - June 2014), up nearly fourteen times from about $15.81 million recorded during the same period in FY 2012-13, according to a report released by the Bank of Bangladesh (BB).
According to data from Food Ministry, Bangladesh imported around 374,560 tons rice as of May 19, 2014, of which around 371,500 tons are imported by private sector and only 3,060 tons are imported by the government. Bangladesh imported 28,930 tons rice in FY 2012-13 (25,270 tons by private sector and 3,660 tons by the government).
Tea prices plunge on poor local demand
Tea prices in Bangladesh dropped on Tuesday at the second auction of the new season on weak demand from local buyers despite the arrival of fresh and good quality leaf, brokers said.
Bangladeshi tea fetched an average of 183.82 taka ($2.3) per kg at the auction, down from 194.27 taka at the first auction of the new season, an official at National Brokers Limited said.
Major buyers were back at the market on the arrival of fresh leaf as new season started, although demand were still weak that left huge volume of tea unsold, the official said.
Nearly 94...
Major buyers were back at the market on the arrival of fresh leaf as new season started, although demand were still weak that left huge volume of tea unsold, the official said.
Nearly 94...
City commuters in scarcity of public sanitation
Speakers in an event in the capital have expressed concern over the public sanitation system in the city, especially for the commuters. They have urged to construct proper sanitation facilities, primarily safe and hygienictoilets, for the commuters.
The event was organised marking inaugural of a new public toilet at Gabtoli Bus Terminal in the capital. Dhaka North City Corporation has constructed the establishment with support of H&M Conscious Foundation through WaterAid Bangladesh.The public toilet will have separate toilet chambers and shower facilities for men and women and persons with disability. It will also have a left luggage locker service for the toilet users.
Bangladesh to sell naphtha at highest price
Bangladesh Petroleum Corp (BPC) will sell 170,000 barrels of naphtha to MRI Trading in May at a premium of $1.15 a barrel to Singapore quotes on a free-on-board (FOB) basis, the highest price in more than a year and sharply up from a previous sale.
Five firms competed for the tender, which was reissued on short supply, for loading over May 28-30 from Chittagong, a BPC official said.
This was the highest bid that BPC has received since March last year.
Vitol Asia won the original tender with a premium of 12 cents a barrel, for May 10-12 loading, but the tender ...
This was the highest bid that BPC has received since March last year.
Vitol Asia won the original tender with a premium of 12 cents a barrel, for May 10-12 loading, but the tender ...
BJP reaffirms stand against land, Teesta deals with Bangladesh
Prime Minister Sheikh Hasina on Sunday called up the BJP’s prime-minister elect Narendra Modi to congratulate him even as the new government he is set to lead may find it difficult to meet Dhaka’s key expectations.
Hours after the call, the BJP reaffirmed its stand of opposing the deal the two countries’ governments had inked during outgoing Prime Minister Manmohan Singh’s visit to Bangladesh in September 2011.
Hasina and her Awami League government have been upset over the Congress-led United Progressive Alliance government’s failure...
Hasina and her Awami League government have been upset over the Congress-led United Progressive Alliance government’s failure...
Sangsad goes into budget session Jun 3
The Jatiya Sangsad goes into the budget session on June 3. This is the first time since the restoration of parliamentary democracy in 1991 that the BNP will not have any participation in the session, reports the Daily Star.
The party, which was either in the treasury or in the opposition bench between 1991 and 2013, ended up having no representation in parliament after the BNP-led 19-party alliance boycotted the January 5 national elections.
President Abdul Hamid convened the budget session yesterday, Mahfuzur Rahman, secret...
The party, which was either in the treasury or in the opposition bench between 1991 and 2013, ended up having no representation in parliament after the BNP-led 19-party alliance boycotted the January 5 national elections.
President Abdul Hamid convened the budget session yesterday, Mahfuzur Rahman, secret...
