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Showing posts from February, 2013

World heritage in Bangladesh is under threat

Bangladesh’s Prime Minister’s office has recently asked two ministries that are responsible for Sundarban and its wildlife to restrict the access of ships through the world heritage site, declared by the UNESCO. The necessary arrangement is to be made by the ministry of environment and forest and the ministry of shipping; which basically is ensuring that ships only take routes approved by the two ministries. The ministries are to as well ensure traversable passage by scouring the area. According to a letter by the PM’s office- although the route that is used by vessels at present does ensure reduced distance and hence cost however is does hold a threat against the ecology. They also feel that the ministries must also concentration the natural resources and how they can be preserved. About 65% of the area of Sundarban is naturally sensitive; however the whole area is under severe risk due to the arbitrary passage of ships. The environment ministry recently gave allowance to MOS for pas

Ceramics sector of Bangladesh

Ceramics has a high demand in the world. Bangladesh apparently has the perfect geographical position, supply of raw materials and labor available meet this demand. Ceramic tableware, sanitary ware and insulators are especially popular now-a-days. In this sector, Bangladesh offers: •    Skilled manpower, •    Reserve of clean natural gas, •    Good Reputation around the world, •    High local as well as international demand of sanitary ware and insulators Industry outlook Around the world, smaller ceramic companies are being taken over by some big names, causing the small companies to go bankrupt and eventually obsolete. Big-shot firms like Noritake, Wedgewood, Lenox, Villeroy & Boch, etc are getting bigger every day. As Bangladesh has an ample stock of natural gas and an efficient, hard working and cheap workforce, it is one of the perfectly positioned countries of the world to invest in the ceramic business. The government is very encouraging to investors and has numerous

January 2013: Small decrease in Inflation

Even though the non-food inflation has maintained it place at 9.09 percent, the general inflation has changed quite significantly from 0.52 to 6.62 percent this January. Although the fall of inflation rate failed to achieve the pre-targeted rate (7.5) set by the govt. in the current financial year, FY 2012-2013; it has achieved a very close fall of inflation rate of 7.38 this year. According to information provided by the Bangladesh Bureau of Statistics (BBS), the yearlong average as per the ’95-’96 baseline is still maintained at a rate of 8.4 percent. The month- month food inflation for dec’12 – Jan’13 however has raised up to 1.05 percent essentially due to rise of the basic food products such as fish, eggs, rise, lentil, atta etc. The non-food inflation has also rushed itself up to a point of 1.08 percent when considered in a month to month basis. Inflation on monthly basis has risen mainly due to the alterations in energy prices. This has caused a raise in the price of fuel