Biz World
Biz World
ADB to provide $71m for water resources mgt
Industry Desk: The government today signed a US$71 million loan agreement titled “Loan 4440-BAN: Climate-Resilient Integrated Southwest Project for Water Resources Management” with the Asian Development Bank (ADB) for ensuring climate resilient water resources management.Md. Shahriar Kader Siddiky, secretary of Economic Relations Division (ERD), and Edimon Ginting, country director of…
Read More »Bangladesh becomes major client of Acu
Staff Correspondent : Although there are nine member countries of the Asian Clearing Union (ACU), the settlement system remains centered only on India-Bangladesh. 91 percent of transactions are between these two countries through the inter-regional settlement system. In this case the main creditor country is India. And the top debt…
Read More »Denim exports need to double by 2030 to achieve US$ 100b: Speakers
Staff Correspondent: Speakers at the inaugural ceremony of the 15th Bangladesh Denim Expo said Bangladesh needs to double its denim exports to achieve the US$100 billion export target by 2030 that was fixed by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) early this year.“Bangladesh is the 2nd largest apparel…
Read More »USA and China biggest investors in Bangladesh
Zarif Mahmud: Despite cheap labor and easy availability of raw materials, Bangladesh is not getting as much foreign investment as expected. Even 52 years after independence, the foreign investment (FDI) stock in Bangladesh is below $22 billion. Even a few years ago, it would have been difficult to get foreign…
Read More »BB inspection weakness increased defaults: IMF
Farhad Chowdhury: Even after giving special facilities, defaulted loans did not decrease. On the contrary, the amount of defaulted loans, the main problem of the banking sector, has increased. It is decreasing a little in one quarter and making a record again in the next quarter. The last quarter broke…
Read More »Gold falls on strong US dollar
Industry Desk: Gold futures on the COMEX division of the New York Mercantile Exchange fell yesterday as the U.S. dollar strengthened.The most active gold contract for December delivery fell 16.80 U.S. dollars, or 0.87 percent, to close at 1,919.80 dollars per ounce.U.S. dollar index has risen to 10-month high, and…
Read More »Asylum applications in Europe increasing rapidly
Bangladeshis are ahead Batan Biswas, Swden: In the first six months of this year, the number of asylum seekers in the European Union (EU) increased by 28 percent compared to last year. In this case Bangladeshis are number six among the top applicants. These data are revealed in the statistics…
Read More »Dollar being sold at highest price
Syed Nasir Hossain: The dollar crisis is still evident in commercial banks. This crisis has been going on for almost a year and a half. Various measures to increase the supply of dollars are not working. Meanwhile, banks are struggling to meet outstanding loans and import expenses. As supply falls…
Read More »Teesta project to change northern economy
India main barrier to implement Special Correspondent: Demands for the implementation of the Teesta Master Plan have emerged strongly from the leaders of various parties. They think that Sheikh Hasina, as the daughter-in-law of Rangpur, will announce the fulfillment of the long-standing demands of the people of this region today.…
Read More »Indian rice export ban may lead to global food shortage
Asifiqbal Thakoor: India has banned the export of rice, an essential food product for billions of people around the world. This could lead to global food shortages. British media BBC reported this information in a report yesterday.On July 20, India banned the export of non-basmati white rice. Basically, the country…
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Hotels to be converted for Covid hospitals
Hospitals overwhelmed Staff Correspondent: The government is going to rent hotels for providing treatment …
