HSBC launches Business Development Office in Uttara EPZ

The Hongkong and Shanghai Banking Corporation Limited (HSBC), Bangladesh marked expansion of its network with a new Business Development Office in Uttara EPZ ( Export Processing Zone ), Nilphamari. This is the 8th Business Development Office of HSBC Bangladesh . With this, HSBC becomes the only international bank to be present in all the eight EPZs of Bangladesh . Uttara EPZ was established in 2001. It houses a range of diversified exporters. The EPZ is attracting substantial foreign investment for the country. Exporters from this EPZ can access the world class trade services and expertise of HSBC that now facilitates 11 per cent of the country's total international trade.

SSC, equivalent exams shifted to Feb 9

The Secondary School Certificate (SSC) and its equivalent examinations for 2014 have been shifted to February 9 due to Biswa Ijtema. S.S.C.The Ministry of Education approved the schedule on Wednesday, Subodh Chandra Dhali, Public Relations officer of the ministry, told reporters. The examinations were supposed to start on February 2. The written examinations will end on March 13 as the practical exams are scheduled to begin on March 16. The morning shift examinations will be held from 10 am to 1 pm while that of afternoon shift from 2 pm to 5...

Airtel Bangladesh signs corporate deal with Partex Star Group

Airtel Bangladesh Ltd, one of the fastest growing mobile service providers of the country, has signed an agreement with Partex Star Group, one of the largest local diversified private sector enterprises, located at Tejgaon in the city. Airtel will provide Partex Star Group with best in class mobile solutions like voice call, blackberry services, 2G & 3G internet services etc, says a press release. Photo_Airtel signs deal with Partex StarDuring the signing ceremony, Rajnish K...

Japan to provide 500m Yen grant aid for primary education

The Japanese government will provide 500 million Japanese Yen or approximately Tk 49.19 crore to Bangladesh as grant aid for the Primary Education Development Program-3 (PEDP-3). In this regard, ‘Exchange of Notes’ and ‘Grant Agreements’ are scheduled to be signed on Thursday at the Economic Relations Division (ERD) in city’s Sher-e-Bangla Nagar. ERD Secretary Md Abul Kalam Azad will sign the ‘Exchange of Notes’ and the ‘Grant Agreements’ on behalf of Bangladesh while Japanese Ambassador to Bangladesh Shiro Sadoshima and JICA Bangladesh Office Chief Representative Dr Takao Toda will sign the ‘Exchange of Notes’ and ‘Grant Agreements’ respectively for the government of Japan, said an ERD official.

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) ...

Telenor CEO concerned over Bangladesh political impasse

The top executive of Norwegian telecommunication giant Telenor says, he is worried over protracted political impasse regarding the next election in Bangladesh. Jon Fredrik Baksaas, president and group chief executive of Telenor ASA, which has nearly 55 percent share in Bangladesh’s largest mobile phone operator Grameenphone, told reporters in the Thai capital of Bangkok that he expected the bickering political camps would find a quick solution. “Otherwise”, he said, “A prolonged crisis will hurt foreign investment in the country. We’re very concerned about the political situation.” telenor
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