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Reform in RMG sector faces political obstacles

Reform measures aimed at improving conditions in the troubled Bangladesh garment industry face new obstacles as political upheaval takes hold in advance of national elections. The announcement on Monday that the 10th parliamentary election would take place on Jan. 5 set off a series of disturbances on Tuesday, including a 71-hour strike and shutdown of road, rail and sea transportation, and the expectation of more delays in shipments and other disruptions for businesses. violance BDDiss...

Bangladesh key economic indicators – Nov 28

DAILY INDICATORS

Wednesday Previous Taka/US $ (inter-bank) 77.75-77.7525 77.75-77.7525 Call money rate (inter-bank) 06.00-07.75 05.50-08.00 Dhaka Stock Exchange index 4,268.66 4,277.55 ------------------------------------------------------------ indicator MONTHLY CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Oct. 7.03 7.13 M2 supply (bln taka) (BB) Sept. 6,267.23 6,199.89 Forex reserves ($bln)(BB) Oct. 17.35 16.15 Exports(FOB) ($mln)(BB) Sept. 2,590.24 2,031.44 I...

Bangladesh key economic indicators – Nov 27

 DAILY INDICATORS

Tuesday Previous Taka/US $ (inter-bank) 77.75-77.7525 77.75-77.7525 Call money rate (inter-bank) 06.15-07.75 05.50-08.00 Dhaka Stock Exchange index 4,277.55 4,354.88 ------------------------------------------------------------ indicatorMONTHLY CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Oct. 7.03 7.13 M2 supply (bln taka) (BB) Sept. 6,267.23 6,199.89 Forex reserves ($bln)(BB) Oct. 17.35 16.15 Exports(FOB) ...

Pol violance hampers export-import thru’ Dhaka-Chittagong highway

The Dhaka- Chittagong highway has turned into a mostly violated and risky route due to hartals and continuing demonstration which covers the country’s 80 per cent export and import. The business leaders of different organisations once again urged to the political leaders to keep free from all kind violence on Dhaka-Chittagong highway to sake supply chain undisturbed of the country. Voilance in Dhaka-Chittagong highwayBangladesh earned $28 billion from exporting the apparels sector, wher...

Pakistan eager to introduce visa-free travel to India

Prime Minister of Pakistan Nawaz Sharif has once again indicated that his country is eager to introduce visa free travel to India and he is ready to strengthen ties with the neighbour. On Sunday, Sharif made a strong plea for resuming peace ties with India on immediate basis, saying: “We must aim to dismantle visa requirement between the two countries.” Talking to the local media in Lahore, the seasoned politician said that the Indian media could play an important role in this regard. According to him, the Indian media persons should try to convince the leadership in New Delhi to sit together with the Pakistani leaders in an attempt to resolve outstanding bilateral issues.

Dhaka signs TICFA with Washington

Dhaka has at last signed the much-hyped deal — Trade and Investment Cooperation Forum Agreement (TICFA) which will, the government thinks, help expand trade and investment between Bangladesh and the USA through enhanced cooperation. Acting Deputy United States Trade Representative (USTR) Wendy Cutler and Bangladesh Commerce Secretary Mahbub Ahmed signed TICFA on behalf of their respective sides in Washington on Monday. TICFA provides an important mechanism for the United States and Bangladesh to discuss bilateral trade and investment issues as well as a forum to pursue cooperative activities, according to the USTR. US-bd
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