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Bangladesh key economic indicators – Jan 27

DAILY INDICATORS

Sunday Previous Taka/US $ (inter-bank) 77.75-77.7525 77.75-77.75 Call money rate (inter-bank) 06.40-08.00 05.50-08.00 Dhaka Stock Exchange index 4,758.37 4,702.66 --------------------------------------------------------------- indicator MONTHLY CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Dec. 7.53 7.15 M2 supply (bln taka) (BB) Nov. 6,425.75 6,403.17 Forex reserves ($bln)(BB) Dec. 18.07 17.11 Exports(FOB) ($mln)(BB) Nov. 2,2...

Tk 10 cr looted from Sonali Bank in K’ganj

Burglars looted Tk 10 crore from the Kishoreganj district head branch of Sonali Bank Ltd in the district town early Sunday. sonali bankThe thieves entered the bank in the early hours making way by cutting earth on the backside and took away the money from the vault, said Humayan Kabir Bhuiyan, manager of the branch, reports UNB. The incident came to light on Sunday when bank employees went to open the vault, he said. On information, police rushed to the spot and kept the bank encircled. Officer-in-...

Immediate endorsement of shipbuilding policy demanded

Leaders of the shipbuilding industry demanded immediate endorsement of the drafted policy and act for the sector, facilitating it to capitalise on its tremendous prospects locally and globally. They said that particular business-friendly policy and law would significantly jack the industry up, helping to make it another vital foreign currency earner like RMG and taking the riverine Bangladesh's economy to a new height, reports The Financial Express (FE). MDG : Western Marine Shipyards Ltd, one of Bangladesh’s leading shipyards

Security issues stressed for better ties with Myanmar

Bangladesh first wants to deal with the ‘non-conventional’ security issues with Myanmar and resolve those for ‘enhancing Bangladesh’s engagement’ with the neighbour. Considering its growing importance, Bangladesh wants to focus more on its close neighbour Myanmar to have improved ties with it in the spirit of mutual understanding and cooperation paving a ground for boosting trade and commerce. BD-MymTo that end, an inter-ministerial meeting...

Incentives to lower revenue from RMG sector: CPD

Government incentives to apparel exporters is estimated to cause about Tk 500 crore lower revenue from the sector, said a CPD report published on Saturday. CPD-GarmThe report, titled ‘Analytical Review on Bangladesh’s Macro-economic Performance in FY2013-14’, said, “The revenue foregone from reduction of advanced income tax (AIT) on apparel exports alone could be worth more than Tk. 500 crore.” “The recently announced incentives to business may also result in somewhat lower tax collection,” said the report, “T...

Democracy in Bangladesh, a prisoner of history

It wouldn’t be wrong to say that modern democracy in Bangladesh is a prisoner of this history.
It was an election of the ruling party, by the ruling party and for the ruling party. That is how one can describe the recent general elections in Bangladesh. It was an election of the ruling party, by the ruling party and for the ruling party. That is how one can describe the recent general elections in Bangladesh. More than half of the candidates won the elections without even contesting and the remaining half, in a parliament of 300, romped home with a token fight between friendly parties. <...
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