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Tourism rebounds on Eid vacationers

The tourism industry expects good business from the Eid as hotel and resort operators received a lot of bookings in the run-up to the festival, thanks to a stable political climate. “We expect an increased number of tourists during the Eid vacation,” said Omar Sultan, president of Cox’s Bazar Hotel-Motel and Guesthouse Owners Association. Different hotels, motels and guesthouses in the beach city have sold 50 percent of the rooms for the July 31-August 1 duration, he said. Bangladesh-TourismThe industry was hit hard l...

Ramadan provides big boon for retailers worldwide

Ramadan, Islam’s holiest month, is a boon for retailers in the Middle East, South Asia and beyond. And while some Muslims welcome it as a positive sign, others see it as commercialization of a sacred time of year. ramadanIntended to be a monthlong spiritual cleansing, Ramadan — which ends this weekend — is an exercise in self-restraint that commands Muslims to abstain from food and water from sunrise to sunset. But for businesses, from California to Cairo, Dubai to Dhaka, Ramadan is also a time to sell. U.S. fashion house DKNY launched a R...

Most missions fail to achieve export target      

Fifty percent, a total of 26 missions out of 52 abroad have failed to achieve export earning target for the just-ended fiscal 2013-2014, and the proceeds from external trade experienced a shortfall of the target by 13.17 percent. The rest 26 missions achieved export earning target, surpassing by 11.41 percent. Meanwhile, 12 commercial wings of the government out of 17, could not achieve the target for the year, according to the Export Promotion Bureau (EPB). export-importThe earnings fetched by the successful missions were 24.6...

Bangladesh moves ahead in human development  

Bangladesh has improved one step in Human Development Index (HDI) to rank 142 globally, up from 143, as per the Human Development Report 2014. The United Nations Development Programme (UNDP) released the report on its website on Thursday. Economic Relations Division (ERD) secretary Mohammad Mejbahuddin launched the report while UNDP country director Nick Beresford and additional country director KAM Morshed jointly made a presentation on the report. PositiveBangladeshBangladesh is among the 18 countries globally which...

Modi government now wants a SAARC bank

The Narendra Modi government plans to call for a SAARC bank in the lines of BRICS bank to take forward its South Asia initiative that started with invitations to regional leaders to attend the prime minister’s swearing in ceremony in May. India will propose a SAARC Development Bank at the regional grouping’s ministerial council in Bhutan starting Thursday, officials said. “Commerce department has come out strongly in support of the South Asia Development Bank as it will go a long way in facilitating regional integration through financing of infrastructure for trade,” a government official told ET. “The final call will, however, lie with the partner countries,” the person added.

UK differs with Bangladesh on Cameron’s view on Jan 5 election

The UK government has expressed its disappointment over the January 5 election in Bangladesh, though earlier Bangladesh Foreign Minister AH Mahmood Ali claimed, ‘British prime minister termed January 5 Bangladesh election a thing of past and London wants to look forward and strengthen relations with Dhaka’. cameronMahmood Ali told it in a media briefing on Thursday at the foreign ministry on the outcome of prime minister Sheikh Hasina’s three- day visit to London in July 22-24, where she attended the first ever Girl Summit and had bilateral talks with Dav...
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