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‘Declining exports, remittances exert pressure on reserve’

4th March, 2017 Declining growth in export shipment, falling wage earner’s remittance and a consequent deficit in current account balance are likely to exert pressure on the country’s balance of payments, says a prominent think tank.   The Unnayan Onneshan (UO) in its monthly publication, the ‘Bangladesh Economic Update’ February 2017, called for a thorough reexamination of the current trade ...

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Bangladesh earns Tk 73 bn in jute exports in FY16

 1st March, 2017   Bangladesh has earned close to Tk 72.94 billion in the fiscal 2015-16 by exporting 1.96 million bales of jute and jute products. This amount is about Tk 8.75 billion more than the amount earned by exporting these products in the previous fiscal. The total jute production of the country during the financial year 2015-16 was 8.25 ...

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Govt okays revised ADP of Tk 1,10,700cr

 28th February, 2017   Without slashing the original size of the Annual Development Programme (ADP) for fiscal 2016-17, the National Economic Council (NEC) today approved a revised ADP of Taka 1,10,700 crore, reports BSS. The focus continues to be on projects in transport sector. In the revised ADP, the government increased its allocation to Taka 77,700 from Taka 70,700 crore ...

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Asian stocks fall amid Trump trade policy fears, strong yen

  Asian markets slipped in muted trading Friday amid worries over U.S. trade policies that may affect regional economies. A stronger yen weighed on Japan’s exporters.  KEEPING SCORE: Japan’s benchmark Nikkei 225 edged 0.2 percent lower to 19,339.56, while South Korea’s Kospi fell 0.5 percent to 2,097.05. Australia’s S&P/ASX 200 dipped 0.7 percent to 5,742.70. Hong Kong’s Hang Seng stood ...

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China in preliminary deal to buy Chevron’s Bangladesh gas fields

  Chevron operates total three gas fields in north-eastern districts and a compression project. The Jalalabad gas field in Block 13, pictured here, is currently the third highest gas producer in Bangladesh.   China’s state-run Zhenhua Oil has signed a preliminary deal with Chevron to buy the U.S. oil major’s natural gas fields in Bangladesh that are worth about $2 ...

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Bangladesh High Commissioner visited Eurofoods Group’s factories and Ask to invest more in Bangladesh

Since his joining in the UK, HE Mr. Nazmul Quaunine, Bangladesh High Commissioner in London has initiated business promotion program in the UK and is trying to reach out both the mainstream UK businessmen and Bangladeshi diaspora. The program includes meeting the companies, visiting factories and highlighting Bangladesh, as a potential business destination. As part of this program, he along ...

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Earlier last year Tolly Boy Rice hosted a festive lunch for elderly members of the Afro Caribbean Elders Association, William Morris Community Centre, Walthamstow in London.

Mel Ennis who is the Chairperson of the William Morris Community Centre said, ‘’We try to ensure that all our members feel cared for and have someone to share a cup of tea or a game of cards with. These afternoon sessions are always popular with the elderly as they offer a positive outlet and are a great way to ...

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Pound falls on May’s Brexit comments

The value of the pound has fallen to a two-month low against major currencies after Prime Minister Theresa May signalled the UK would pursue a so-called “hard Brexit” from the EU. Sterling fell about 1% across the board. The only currency against which it gained ground was the Turkish lira. The Prime Minister told Sky News on Sunday that she ...

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Tesco announces 1,000 job losses

Tesco says 1,000 people are to be made redundant as part of a shake-up of its distribution network. The company says the changes form part of a wider programme of transformation, which has been taking place over the last two years. The proposed changes will reduce the number of Tesco distribution centres from 25 to 23 in the UK. It ...

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Now making dal is as simple as Heat & Stir

Rajah launches a new Heat & Stir range to help mothers give their family the authentic taste of home, even when they have no time to cook Majority of the women (82%) found the Tadka Dal and Dal Makhani to be flavoursome and fresh and were pleased to know this was achieved with no artificial flavourings or preservatives. Majority mothers ...

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