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Fourth review under IMF ECF arrangement

  An International Monetary Fund mission (IMF), led by Mr. Rodrigo Cubero, visited Dhaka during March 19-April 2 to conduct the fourth review under the three-year, SDR 639.96 million (US$ 985.66 Million), Extended Credit Facility (ECF) arrangement. The mission met with the Minister of Finance, Minister of Planning, Finance Secretary, Banking Secretary, Bangladesh Bank Governor, other senior officials, and development partners. IMFAt the conclusion of the visit, Mr. Cubero made the following statement: ...

Duty on sugar and tea imports raised

Bangladesh has increased regulatory duty on imports of raw and refined sugar and on tea to discourage overseas buying amid a drop in local prices due to ample supplies, a senior tax official said on Monday. teaThe duties on imports of raw sugar will now be 2,000 taka ($26) a tonne from 1,500 taka earlier, said the official at the customs wing of the National Board of Revenue. Duties on refined sugar imports will be raised to 4,500 taka from 3,000 taka. The duty on imports of tea has been increased to 15 percent...

SME foundation to promote women entrepreneurs in S Asia

The Small and Medium Enterprises (SME) Foundation will help form a regional network of women entrepreneurs in South Asia. The authorities of the foundation assured a visiting delegation comprising of 30 women entrepreneurs from South and Central Asian countries and representatives from the US State Department and the Asia Foundation on Sunday. SME-Foundation The delegation visited the SME Foundation on Thursday, said a press release on Sunday. The women entrepreneurs from Afghanistan, Bangladesh...

Bangladesh always ready to host any ICC event: PM

sheikh-hasina2Prime Minister Sheikh Hasina on Sunday said Bangladesh is always ready to host any International Cricket Council (ICC)-sponsored cricket tournament. The Prime Minister came up with the offer when visiting ICC president Alan Assac met her at her office. PM’s Special Assistant Mahbubul Hoque Shakil, who was present during the meeting, later briefed reporters. West Indies Cricket Board president Whycliffe Cameron Dave, Singapore Cricket Boar president Imran Khawja, ICC director Neil Speight and ICC chief executive...

Ukraine rejects Russia gas price hike

_74055011_021442148-1Ukraine yesterday rejected Russia's latest gas price hike and threatened to take its energy-rich neighbour to arbitration court over a dispute that could imperil deliveries to western Europe. Prime Minister Asreniy Yatsenyuk said Russia's two rate increases in three days were a form of "economic aggression" aimed at punishing Ukraine's new leaders for overthrowing a Moscow-backed regime last month. Russia's natural gas giant Gazprom this week raised the price of Ukrainian gas by 81 percent -- to...

Over 1,00,000 tonnes summer vegetables expected in Narsingdi

fruits-and-vegetables1The cultivation of summer vegetables is going on in full swing in six upazilas of the district aimed at producing over one lakh tonnes during the current season. Department of Agriculture Extension (DAE) set a target to cultivate 6,815 hectares of land under the cultivation in the district with the production target of 1,00527 tonnes vegetables. Deputy Director of DAE Muksed Ali said 'we hope that the target would be achieved if there is no climate hazard'. He also said that the farmers ...
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