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BPC plans to import 1.3m tons of oil in 2014

BPC (Bangladesh Petroleum Corporation) plans to import 1.3 million tons of oil in 2014 for its sole refinery, up more than 8 per cent from a year ago, a senior BPC official said On Wednesday. Next year, 700,000 tons of Murban crude would be sourced from Abu Dhabi National Oil Company. BPC logoBPC, the country’s sole oil importer and distributor, bought around 1.2 million tons of crude from the two national oil companies in 2013 for its Eastern Refinery in port city Chittagong. It ...

India reviews border security along Bangladesh

Indian Border Security Force (BSF) Director General Subhash Joshi Thursday inspected the India-Bangladesh border in Tripura, as New Delhi beefed up security along the border with turmoil-stricken Bangladesh, officials here said. “The BSF DG has directed all senior officials to closely monitor and review security along India’s border with Bangladesh,” a senior BSF official told reporters. Indian BSF personnel patrol a stretch of the India-Bangladesh border on the outskirts of Agartala

Leather goods, footwear, ceramic exporters to get EDF fund

Leather goods, footwear and ceramic producers and exporters will get credit support from Export Development Fund, a special fund of the central bank, to help the growth of non-traditional exports. Bangladesh Bank in a circular on Wednesday said all members of Leather goods and Footwear Manufacturers and Exporters potteryAssociation of Bangladesh and Bangladesh Ceramic Wares Manufacturers’ Association will be allowed to draw EDF finance, reports BSS. The finance will be given for bul...

Owners place 3-point demand to protect CNG refueling station

The country’s CNG refueling station owners have placed a 3-point demand to survive being upset at the ongoing political turmoil that has taken a heavy toll on their business. Their demands are rescheduling due payment against bank loan by at least one year without charging interest and taking interest in the block account, allowing payment of gas bills through installments for one year without disconnecting gas lines, refraining from treating any CNG station owners as loan defaulters until the return of a normal business environment. CNG_Refuelling_Station_in_Dhaka

Bangladesh key economic indicators – Dec 18

DAILY INDICATORS

Tuesday Previous Taka/US $ (inter-bank) 77.75-77.75 77.75-77.75 Call money rate (inter-bank) 06.65-08.00 05.50-08.00 Dhaka Stock Exchange index 4,270.59 4,280.72 ------------------------------------------------------------ indicatorMONTHLY 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 ($bln)(BB) Nov. 17.11 17.35 Exports(FOB) ($mln)(BB) Sept. 2,590.2...

US envoy for joint efforts to curb terrorist financing

The US Ambassador in Dhaka, W Dan Mozena emphasized on joint efforts of world’s democratic nations to curb terrorist financing and money laundering. “The best way to win this battle against the terrorists is for the democratic nations of the world to work together to deny these terrorists the money they seek to finance their war on us,” he said while addressing the launching of a training for non-financial businesses and professionals. mozenaThe training was jointly organised by Bangladesh Bank (BB) and US Depar...