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Forex reserves hit record high in January

The country's foreign exchange reserves rose to a record $18.12 billion at the end of January from $18.07 billion a month earlier, the central bank said on Monday. remmitanceThe higher reserves, which stem from a widening current-account surplus, are enough to cover six months of imports. At the end of January 2013, reserves totalled $13.1 billion. Rising exports and a slowing of imports have helped build the reserves despite a drop in inward remittances as number of Bangladeshis going abroad to work in the Middle East has declined. I...

Regionalism virus threatens India’s integrity

A virus called ‘regionalism’ periodically strikes parts of India. It afflicts locals with an urge to wreak vengeance towards “outsiders”, who have flocked there for livelihood, education, job or business. Shiv Sena, and later MNS, had mastered the science of calibrated release of the virus in Maharashtra, especially in Mumbai. Politicians, lacking in vision about the advantages in strengthening the country’s integrity, look to create a niche for themselves in the political arena by strategically spreading viruses of regionalism, ethnic distrust, linguistic division and communal fundamentalism. They know that the inevitable violent reactions would deflect people’s attention from pressing development issues, reports TNN.

Labour market needed to expand amid fall in remittances

The inward flow of remittance is going down as the country is failing to send more workers abroad to traditional labour markets and explore new markets. The country’s remittance inflow dropped by nearly 3.0 per cent to $13.83 billion in 2013 from $14.17 billion in 2012. In fact, the latest drop in remittance occurred in line with predictions by the economists. They say if Bangladesh cannot send new workers abroad, there will not be significant growth in remittances. The migrant workers are now sending money home as per their maximum capacities and have little capacity to increase the flow.

Dhaka eyes to boost trade with Jeddah through Ctg port

The Bangladesh consulate in Jeddah is working to establish channels of communication between the trading communities in the port cities of Jeddah and Chittagong. A senior delegation is expected to visit the Kingdom soon to explore business opportunities in both countries, said Nazmul Islam, consul general of Bangladesh in Jeddah. Chittagong is a strategic port in Asia and the business hub of Bangladesh while Jeddah is an important port on the Red Sea, reports Arab News. bd-ksaNazmul Islam said that Chittagong is s...

Forex reserve still above 18bn

The country’s foreign exchange reserve is still maintaining an over 18-billion mark remaining at $18,160.61 million as of January 28 this year. The foreign currency reserve also witnessed a rise of $5,117.94 million from the $13,042.67 million registered on January 28 last year, according to statistics released by the Bangladesh Bank on Thursday. remmitance Earlier, on December 19, 2013, Bangladesh’s foreign currency reserves crossed the $18-billion mark for the first time in the country’s history...

Political assassinations on the rise with 138 deaths in January

In an alarming development, politically motivated and extra-judicial murders are on the rise in Bangladesh. According to police figures, between 6 January (the day after the elections) and today, at least 138 people were killed or found dead. Of these, 32 were leaders and political activists, most of them from within the ranks of the opposition. politics BDThis continues a trend already ...
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