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Tea prices edge up

Tea prices and sales rose at a weekly auction in Bangladesh on Tuesday after four consecutive falls which reflected opposition-led blockades over pending elections that have hampered economic activity. Violent protests, shutdowns and blockades over the January 5 election, which is being boycotted by the main opposition, have gripped the country for the two months and forced the postponement of the tea auction on December 3. teaAt the latest auction, Bangladeshi tea fetched an average of 193.98 tak...

Gaibandha Chamber holds AGM

The annual general meeting (AGM) of Gaibandha Chamber of Commerce and Industry (GCCI) was held at Zilla Parishad auditorium on Wednesday. Deputy Commissioner (DC) M. Zahurul Islam Rhohel attended the function and addressed it as the chief guest and additional district magistrate Kamal Uddin Biswas was present as the special guest. agmWith president of GCCI M. Abul Khayer Morselin Parvez in the chair, the function was also addressed, among others, by Abdul Mazed Razu, former president of GCCI, its senior...

Bangladesh key economic indicators – Dec 25

DAILY INDICATORS

Tuesday Previous Taka/US $ (inter-bank) 77.75-77.7525 77.75-77.75 Call money rate (inter-bank) 06.25-08.00 05.65-08.00 Dhaka Stock Exchange index 4,228.91 4,265.24 --------------------------------------------------------------- indicatorMONTHLY CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Nov. 7.15 7.03 M2 supply (bln taka) (BB) Oct. 6,403.17 6,267.23 Forex reserves ($bln)(BB) Nov. 17.11 17.35 Exports(FOB) ($mln)(BB) Nov. 2,2...

Govt okays $85.5m foreign loan for 12 private projects

The government has approved $85.5 million foreign loan for 12 private projects including power, textile, telecom and pharmaceuticals. The Board of Investment Scrutiny Committee for approval of private sector foreign borrowing cleared the loan at its 81st meeting on Tuesday. boiThe meeting was presided over by Dr Atiur Rahman, Governor, Bangladesh Bank and Convenor of the committee, while the committee members including representatives of the Prime Minister's office, Ministry of Finance, Ministry of Comm...

RMG exports jump 20.73pc in July-Nov’13

The exports of Bangladesh ready made garments increased by 20.73 percent in the first five months of the current fiscal year 2013-14 to US$ 9.653 billion, as against exports of US$ 7.995 billion made during the corresponding period of previous fiscal, the data from the Export Promotion Bureau (EPB) showed. Knitwear exports registered US$ 4.899 billion during July-November 2013 period, showing a year-on-year increase of 20.48 percent over exports worth US$ 4.066 billion made during the same period last year. Workers sort clothes at a garment factory near the collapsed Rana Plaza building in S... </div><!-- .entry-content --> </article><!-- #post-## --> <div class=

RMG Bangladesh: Unraveling at the seams

All good things have a way of coming to an end-an unpleasant reality that Bangladeshi RMG players might soon be coming face to face with. The illustrious rise of the Bangladeshi textile profile is a case study in itself. The boom has contributed greatly to the country’s economic development; having created millions of jobs and helping drive down the country’s poverty rate. Bangladesh-rmg-workerBut, in recent years, the rapid change has also created new probl...
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