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WB to come with robust portfolio in 2nd half of current fiscal
The World Bank (WB) is expected to come up with a robust portfolio in the 2nd half of the current fiscal year (2013-14) in Bangladesh with significant funding in a couple of projects including municipality governance improvement and emergency cyclone recovery.
For FY 14, the World Bank have a robust portfolio including US$ 410 million for Municipality Governance Improvement Project and $140 million additional financing for Emergency Cyclone Recovery and Remonstration Project, among others, an official of the World Bank’s Dhaka office told UNB.
S Arabia inks labour cooperation pact with India
Saudi Arabia and India have signed an agreement on labour cooperation for domestic service workers recruitment.
The agreement was signed in New Delhi today by Minister for Overseas Indian Affairs Vayalar Ravi and Minister for Labour of Kingdom of Saudi Arabia Adel Bin Mohammed Fakeih.
The features of the agreement are:
i.It aims to protect the right of both the employers and domestic service workers and regulate the contractual relation between them.
ii. It endeavors to contr...
India to keep border sealed ahead of polls in Bangladesh
Bangladesh’s close neighbour India has decided to keep its border sealed for three days from January 4, a day ahead of the 10th national election of Bangladesh billed for January 5.
India has also taken additional security measures to avert any negative impact on its state Pashchimbanga following the overheated political situation ahead of the elections, reports BBC Bangla.
Bangladesh key economic indicators – Jan 2
DAILY INDICATORS
Wednesday Previous Taka/US $ (inter-bank) 77.75-77.75 77.75-77.77 Call money rate (inter-bank) 06.75-08.00 06.50-08.00 Dhaka Stock Exchange index 4,286.15 4,266.55 --------------------------------------------------------------- MONTHLY CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Nov. 7.15 7.03 M2 supply (bln taka) (BB) Oct. 6,403.17 6,267.23 Forex reserves ($bln)(BB) Dec. 18.07 17.11 Exports(FOB) ($mln)(BB) Nov. 2,2...Living cost, house rent mark sharp rise in city
The living cost in the capital witnessed a 11 percent rise in 2013 hitting hard the poorer section of the city’s over 1 crore population, according to an annual report released by the Consumers Association of Bangladesh (CAB).
The cost of living has been calculated on the basis of the ‘weight’ of products and services available in consumers’ basket, said the report released on Wednesday.
In line with the price hike of essentials, electricity, drinking water...