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Bangladesh eyes RMG access to India

Bangladesh will press for greater access to the Indian market for readymade garments and will urge the government to ease barriers including stringent testing norms, reports Times of India (TOI). bd-indiaBangladesh commerce minister Tofail Ahmed, who will meet commerce and industry minister Anand Sharma on Saturday, is also expected to chart out detailed plans for improving border infrastructure to boost trade between the two neighbours. "The United States and European Union, Canada are very big markets for our...

Bangladesh, Myanmar JTC focuses connectivity to boost trade

Bangladesh and Myanmar have reached at an agreement to find out possible ways to promote bilateral trade to the annual level of $ 500 million, which is now about $ 100 million, through establishing smoother connectivity. The agreement was reached at the seventh meeting of the Bangladesh-Myanmar Joint Trade Commission (JTC) held in Naypyidaw, the capital of Myanmar, from January 14-15, reports UNB. BD-MymIssues related to border trade, cooperation in agriculture, food, fisheries, power and mineral resources sectors...

Bangladesh jute report – Jan 16

VARIETY BALES FOB Narayanganj (One bale = 180 kg) (Taka per bale) Ready Position (in taka) Bangla white special (BW special) 12,800 Bangla white A (BWA) 12,500 Bangla white B (BWB) 11,600 Bangla white C (BWC) 10,100 Bangla white D (BWD) 9,650 Bangla white E (BWE) 9,200 Bangla tossa special (BTS) 13,100 Bangla tossa A (BTA) 13,800 Bangla tossa B (BTB) 11,900 Bangla tossa C (BTC) 10,400 Bangla tossa D (BTD) 9,950 Bangla tossa E (BTE) 9,500 juteWRS/TRS, HABIJABI, CUT ROPES Bangla white rejection (BWR) 8,250 Bangla whi...

Bangladesh outshines India in prosperity rankings

Bangladesh ranked 103rd out of 142 countries on the 2013 Legatum Prosperity Index, while India fell five notches to 106.
On his old income as a day-labourer, Nur Islam could barely support his wife and six-year-old son. Three years ago in desperation, he moved 200km away to Dhaka from his hometown of Mymensingh. [caption id="attachment_2752" align="alignleft" width="300"]TASHFIN_PROSPERITY_BD

Bangladesh key economic indicators – Jan 17

indicatorDAILY INDICATORS

Thursday Previous Taka/US $ (inter-bank) 77.75-77.7525 77.75-77.75 Call money rate (inter-bank) 05.50-08.00 05.50-08.00 Dhaka Stock Exchange index 4,519.36 4,494.02 --------------------------------------------------------------- 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,...

WB provides $ 410m to improve Bangladesh basic urban services

The World Bank (WB) has approved $410 million to improve municipal governance and basic urban services in district towns and municipalities in Bangladesh and benefit 3.4 million people in around 100 urban communities across the country. The Municipal Governance and Service Project will provide financial support to 26 urban government bodies with high economic growth and job creation potential, located along growth corridors leading from Dhaka towards Chittagong, Rangpur, Sylhet, Mymensingh. It will also cover three district towns in the south. “Bangladesh experienced some of the most rapid urbanization in South Asia. Yet, the cities offer inadequate infrastructure and low levels of urban services, particularly in district towns and municipa...
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