2:17 am - Friday March 22, 2019
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Tea prices plunge on poor local demand

tea
Tea prices in Bangladesh dropped on Tuesday at the second auction of the new season on weak demand from local buyers despite the arrival of fresh and good quality leaf, brokers said. Bangladeshi tea fetched an average of 183.82 taka ($2.3) per kg at the auction, down from 194.27 taka at the first auction of the new season, an official at National Brokers Limited said. teaMajor buyers were back at the market on the arrival of fresh leaf as new season started, although demand were still weak that left huge volume of tea unsold, the official said. Nearly 94...

Job scope for 15,000 Bangladeshis in British curry industry

David Cameron tries local delicacies in Calcutta - video
The 3.6 billion-pound British curry industry, mostly owned and run by Bangladeshi entrepreneurs, has a shortage of some 15,000 skilled chefs and managers, said a successful restaurateur, insisting the Bangladesh government on grabbing the opportunity, reports BSS. A leader of the British-Bangladesh Chamber of Commerce and Industry (BBCCI) already dispatched a proposal to the British government requesting to pave the way for fulfilling the requirement of manpower shortage from Bangladesh. “We’ve, of late, submitted a comprehensive proposal with requirement of around 15,000 jobs to the British Prime Minister . easing immigration rules got paramount importance in the proposal,” Enam Ali, MBE, a Bangladeshi living in Britain and director of BBCCI, told BSS here today.

Australian Seek buys 25pc of Bdjobs

bdjobs
The Australian job search site Seek has forked out $5 million in cash for a 25 per cent stake in fast-growing Bangladeshi jobs site Bdjobs, as it continues its growth strategy in Asia. The acquisition was made using Seek's cash reserves, facilitated via a proportional sell-down by early stage investors. bdjobsIt grants the Australian company representation on Bdjobs' board as well as typical protections relevant to a minority shareholding. The managing director of Seek's international division,...

Labour market needed to expand amid fall in remittances

BD-workforce in KSA
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.

Bangladeshis among 700 illegal expats arrested in Riyadh

KSA
Police in Saudi Arabia’s capital Riyadh have arrested 700 illegal expatriates, including Bangladeshi nationals. Police said that those arrested in Wednesday’s raids included runaways, workers with forged documents and others facing criminal charges from Yemen, Pakistan, India and Bangladesh, the Arab News reported Friday. Around 200 vendors of vegetables and fruits, 12 wanted men, and a group of bootleggers were also arrested in a major crackdown in Al-Unooz district in the capital of the country. KSAPrior ...

Dollar rallies in Asia after US jobs data sell-off

dollar
The dollar turned higher in Asia today after suffering a sell-off in the previous two sessions following an unexpectedly weak set of US jobs data. The greenback changed hands at 103.37 yen in Tokyo morning trade, up from 102.98 yen in New York Monday afternoon, but still well down from levels near 105 yen in Asia last week, reports AFP. The euro bought 141.24 yen and $1.3657, against 140.77 yen and $1.3670 in US trade. dollarThe dollar plunged the US Labor Department said Friday that the world’...
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