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Dhaka, Delhi plan joint fight against fake currency notes

A joint taskforce of Bangladesh and India will tackle the smuggling of counterfeit currency in the two countries. The decision was taken at a three-day bilateral meeting that ended in New Delhi on Friday. The DIG (Crime) of the Bangladesh Police led the Bangladeshi delegation. bd-indiaAdditional secretary (Political) of home ministry Dr Kamal Uddin Ahmed told media that the taskforce will discuss strategies to stop smuggling and circulation of fake notes. “Both t...

IAF awarded EU funded Bangladesh project

The International Apparel Federation (IAF) has been granted an EU funded project together with its two association members BKMEA (The Bangladesh Knitwear Manufacturers and Exporters Association) and HCIA (The Hellenic Clothing Industry Association). The project is aimed at capacity building, network extension and knowledge transfer. As a result this project BKMEA and HCIA will be able to better service the companies that are their members by having gained more international contacts, more knowledge and more insights. bkmea

TCB issues tender to buy 1,500t of lentils

 Trading Corporation of Bangladesh (TCB) has floated a tender to import 1,500 tonnes of lentils as part of efforts to secure food supplies for the Muslim fasting month of Ramadan, a senior official at the state buyer said on Thursday. The last date for submission of bids is Feb. 18, and the lentils are to be shipped within 45 days from the opening of the letter of credit on the purchase, the official said. lentilsThe state buyer has moved to import other items a...

Bangladesh key economic indicators – Jan 24

DAILY INDICATORS

Thursday Previous Taka/US $ (inter-bank) 77.75-77.75 77.75-77.75 Call money rate (inter-bank) 05.50-08.00 06.40-08.00 Dhaka Stock Exchange index 4,702.66 4,640.56 --------------------------------------------------------------- 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...

Bangladesh election impasse heightens amid geo-political tensions

The political crisis in Bangladesh has only intensified following the farce of the January 5 national election, which was boycotted by Bangladesh National Party (BNP)-led opposition alliance. The result was a foregone conclusion, with the ruling Awami League (AL)-led alliance securing 153 uncontested seats in the 300-seat parliament. Prime Minister Sheikh Hasina formed a new government on January 12, but the political impasse remains. (See: “Sham election deepens Bangladesh political crisis”) Hasina-Khaleda

Govt puts LNG terminal project on fast-track route

The government has put the country's first LNG import terminal project on a fast-track route for implementation on a priority basis, to ease the country's energy crisis and accelerate economic growth, said Petrobangla Chairman Hussain Monsur. The first meeting of the Fast Track Project Monitoring Committee, chaired by Prime Minister Sheikh Hasina, held in Dhaka on Wednesday identified the project as fast-track one, among others. petro banglaDuring the meeting, the prime minister directed the Energy and...
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