Latest News

Saturday , 03 Feb 2007
India to invest $130 million in Myanmar port

New Delhi will invest US $ 130 million to develop Myanmars Sittwe port that will give Indias landlocked northeast access to a new trade route to South East Asia.India has been keen to develop closer links with Myanmar because of its huge reserves of...

Saturday , 03 Feb 2007
Informal import from India worth $500 million: WB

The total imports by informal trade from India are estimated at around $500 million, about 42 per cent of Bangladeshs recorded imports from the neighbouring country. According to very approximate estimates based on recent surveys, total informal...

Saturday , 03 Feb 2007
Cebtral Bank fund for agro, IT projects emptied

Central Bank of the country (Bangladesh Bank) could not disburse any money to projects approved for its equity and entrepreneurship fund as the finance ministry did not release the allocated amount though half of the fiscal year has already elapsed....

Saturday , 03 Feb 2007
BRAC Bank propels DSE capitalisation

The market capitalisation on the Dhaka Stock Exchange (DSE) reached its record high last week mainly on the back of debut of BRAC Bank. The market indicator increased by Tk 824 crore throughout last week to stand at all time high of Tk 37,931 crore...

Saturday , 03 Feb 2007
Laws approved to corporatise NCBs

The council of advisers to the caretaker government on February, 3 approved the draft by laws required to turn the nationalised commercial banks (NCBs)Sonali, Janata and Agraniinto public limited companies. An advisory council meeting at the Chief...

Monday , 05 Feb 2007
New CEC takes oath: pledges major electoral reforms

The newly Chief Election Commissioner (CEC) ATM Shamsul Huda took oath on February 5. He in first observation about the election he said that his first task would be to devise an action plan for major electoral reforms in consultation with the...

Monday , 05 Feb 2007
Power price in urban areas to go up by 5pc

Electricity costs in urban areas will go up by five per cent per unit above 100 units of consumption as decided by the Advisers Committee on Economic Affairs on February 5. The procedures to make the new rates effective will be initiated...

Monday , 05 Feb 2007
Remaining 26 pc shares of Rupali Bank to be offloaded:

The government has decided in principle to offload its remaining 26 per cent shares of the Rupali Bank. The advisory council committee on economic affairs, at a meeting on February 5 endorsed the proposal from the Privatisation Commission for...

Monday , 05 Feb 2007
Exports increased by 26pc during the first half of the current fiscal

The countrys export earnings increased by about 26 percent to $ 6,220 million during the first half of the current fiscal year,200607. The export figure was also 3.6 percent higher than the target of $ 6,006 million set for the period (JulyDecember...

Monday , 05 Feb 2007
New Import-Export Policy for 2006-2009 approved

The Advisers Committee on Economic Affairs approved the 3yearly ImportExport Policy of Bangladesh on February 5. According to the new policy, importlimit,without Letters of Credit (LC), would be raised to $35,000 from the current limit of $25,000...

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