Category: Economy

The government and the World Bank on Saturday jointly completed a portfolio review of selected World Bank-supported operations inBangladeshto further enhance project implementation and disbursement rates.

The perpetrators of the Hall-Mark Group loan scam should be punished for their forgery and corruption, and an administrator may be appointed to the group, if necessary, for carrying out its operations.

Finance Minister AMA Muhith on Saturday said he would come up with a clear outline within a week on implementation of the multibillion-dollarPadmaBridgeproject with the government’s own resources.

Finance Minister AMA Muhith on Thursday hoped that the investment flow into the country would be a bit higher this fiscal despite various difficulties and attempts to create awkward situations.

All the land ports of the country will remain open on weekly holidays (Fridays and Saturdays) until issuance of further order for keeping the export-import activities uninterrupted.

The World Bank (WB) is interested in a multibillion-dollar investment for increasing the earthquake resilience of infrastructures in Bangladesh in the coming years, said WB acting head of its country office here Christine E Kimes on Thursday.

Share prices at the country’s both bourses—Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) –- witnessed substantial fall as the turnover plunged to record low on Wednesday.

Chinamay wrest power projects away fromIndiainSri LankaandBangladesh, thwarting its bid to exert economic and strategic influence in the neighbourhood by developing infrastructure.

Stocks closed lower on Wall Street Thursday after Oracle’s weak sales results weighed down big U.S. technology companies. Traders also worried about Cyprus running out of time to avoid bankruptcy.

A daylong seminar on ‘Micro, Small and Medium Enterprises’ (MSME) will be held at the CIRDAP auditorium here Saturday seeking to build a strong tie between the two friendly countries in the specialised sector.

Appreciating the SME sector’s growing role in the Bangladesh’s economy, Indian Deputy High Commissioner Sandeep Chakravorty on Thursday said small interventions in terms of technology and capital can give a big boost to productivity and profitability of the sector.

Foreign investors are choosing Bangladesh as investment destination due to low labour cost comparing to that of other countries, including China and Vietnam.

Twenty-five of the Bangladesh missions abroad could not achieve their export targets for the July-January period of the current fiscal (2012-13), mostly because of the slow pace in export growth.

President of Dhaka Chamber of Commerce and Industry (DCCI) M Sabur Khan on Saturday urged the US entrepreneurs to invest in Bangladesh’s renewable energy sector.

Sri Lanka offers special concessions and incentives to Bangladeshi traders interested in availing themselves of the facilities at the newly-built Hambantota Deep Seaport along the southern harbour of the Island country.

Sammilta Parishad has swept the election to BGMEA, the apparel sector’s trade body, bagging 21directors’ posts out of 27.

China’s ambassador to Kathmandu was recently pictured in a traditional Nepali cap and silk scarf, digging with a spade to symbolise the laying of the foundations of a new dry port near the Tibet border.

Counting votes began as Bangladesh Garment Manufacturers and Exporters Association (BGMEA) biennial polls for the 2013-2014 tenure ended peacefully on Sunday.

Leaders of Sammilito Parishad, a platform which is contesting the BGMEA polls, on Thursday said they do not want to advise political parties but requested them to solve the political crisis politically through dialogue instead of enforcing hartals.

Bangladesh’s single-country ‘Trade Fair 2013’ kicked off at the office of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) in Yangon Wednesday, aiming to popularise Bangladeshi products.

Bangladesh Government and International Development Association of World Bank (WB) signed a credit deal of Tk 274 crore on Wednesday morning.

Over 3,000 mid-level workers of ready made garment factories have received training on fire safety till Saturday. The burgeoning industry’s apex body Bangladesh Garment Manufacturers and Exporters Association (BGMEA) initiated the crash programme in the wake of the Nov 24…