Clarke Energy to supply GE’s diesel engines for Walton
Walton Group has selected Clarke Energy to supply three of GE’s new 616 diesel engines to generate on-site power at Walton Group’s factory in Gazipur, Bangladesh.
The three 2.5-megawatt (MW) engines are the first 616 diesel engines to be deployed in Bangladesh. Clarke Energy is GE’s authorized multi gas and diesel engine distributor in Bangladesh.
The three diesel engines are expected to provide more reliable power to support factory production in the face of local power grid instability. The diesel units also will deliver
Bangladesh allows jute export to Pakistan
Bangladesh has allowed export of 11,000 tons of jute to Pakistan, which was booked before exports were banned in November 2015, but shortage may still occur as Islamabad has not taken up the matter with Dhaka to get the issue resolved immediately, says a local industry official.
“Pakistan Jute Mills Association will meet local demand after receiving jute consignments for which letters of credit were established before imposition of the ban on exports by the government of Bangladesh,” a spokesman for the association said in a statement on Thursday.
With sufficient supply, he said, the jute industry would be in a position to meet the demand of federal and provincial governments this year.
Tea prices end 3-week climb
Tea prices in Bangladesh fell at the weekly auction on Tuesday, snapping a three-week run of gains due to higher volume of poor grades on offer, but strong demand for quality leaf capped the slide.
Bangladeshi tea fetched an average 193.38 taka ($2.44) per kg at the 35th auction of this marketing season, slightly down from 193.87 taka in the previous sale, a National Brokers executive said.
About 1.81 million kg were offered at the sole auction centre in the port city of Chittagong, of
which 23 ...
which 23 ...
LafargeHolcim to increase limestone production
LafargeHolcim plans to increase production of limestone from its Nongtrai mines in Meghalaya’s East Khasi Hills district, Bangladesh, from two to five million tonnes per year. The company also plans to export limestone.
The company has received notice from the Meghalaya State Pollution Control Board for a
public hearing on the expansion plan at Nontrai for excavation of limestone. In 2009, the company had applied to Union Ministry of Environment, Forests and Climate Change for environmental clearance, says a report.
Meghalaya-based Lafarge Umia...
public hearing on the expansion plan at Nontrai for excavation of limestone. In 2009, the company had applied to Union Ministry of Environment, Forests and Climate Change for environmental clearance, says a report.
Meghalaya-based Lafarge Umia...
Money market today
DAILY INDICATORS
Sunday Previous
Taka/US $ (inter-bank) 78.21-78.22 78.19-78.20 Call money rate (inter-bank) 02.75-05.00 02.75-05.00 Dhaka Stock Exchange index 4,443.15 4,502.16
MONTHLY
CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Sept. 6.24 6.17
M2 supply (bln taka) (BB) August 8,053.78 8,047.68 Forex reserves ($bln)(BB) Oct. 27.06 26.38
Exports(FOB) ($mln)(BB) Sept. 2,374.65 3,054.07
Imports(FOB) ($mln)(BB) August 3,226.00 3,767.00 -----------------...
M2 supply (bln taka) (BB) August 8,053.78 8,047.68 Forex reserves ($bln)(BB) Oct. 27.06 26.38
Exports(FOB) ($mln)(BB) Sept. 2,374.65 3,054.07
Imports(FOB) ($mln)(BB) August 3,226.00 3,767.00 -----------------...


















