Biz World
Biz World
ADB pegs Bangladesh’s GDP at 6.8pc this fiscal
Special Correspondent: The Asian Development Bank (ADB) has revised Bangladesh’s growth forecast for the current fiscal amid fears of a third wave of the Covid pandemic.In its latest report, the regional lender has pegged Bangladesh’s gross domestic product (GDP) growth at 6.8 percent in the current fiscal.GDP is a monetary…
Read More »GSP+ probably to be way forward in post-LDC period
EU Ambassador 9-year extension of DFQF market access in EU market sought UNB: Head of Delegation of the European Union to Bangladesh Ambassador Rensje Teerink has said, Bangladesh with the graduation needs to follow the core issues related to the GSP Plus in detail because of “GSP Plus will probably…
Read More »Taliban establishes first contact with India through meeting in Doha
Industry Desk: Indian Ambassador to Qatar Deepak Mittal yesterday met the head of the Taliban’s political office Sher Mohammad Abbas Stanekzai in Doha — the first official contact between India and the Taliban.At the meeting, held at the Indian embassy in Qatar’s capital upon the Taliban’s request, “Mittal raised India’s…
Read More »Foreign companies seek long-term deals but experts want competitive bidding
LNG import Staff Correspondent: International suppliers are offering long-term deals with Bangladesh to meet its soaring demand for liquefied natural gas (LNG), while energy experts and consumer right groups want the government to go through a competitive bidding process to ensure transparency.Currently, the government is importing around five to six…
Read More »Bangladesh seeks Korean assistance on environment and climate change issues
Industry Desk:Environment, Forest and Climate Change Minister M Shahab Uddin yesterday sought South Korea’s help in implementing all the ambitious activities related to the environment and climate change.“At least 4 billion US dollars are being spent a year to tackle the negative impacts of climate change and a planetary emergency…
Read More »Pineapple fibre – a new fibre from Bangladesh for global fashion industry
Industry Desk:Bangladesh has made a name for itself as one of the most important garment manufacturing and exporting nations in the world. It has innovative entrepreneurs and a hardworking workforce, yet the country lacks significant amounts of natural resources for the textile industry, according to a press statement issued by…
Read More »Is Bitcoin going to legalize in BD?
Cryptocurrency trading is illegal: CID Trading cryptocurrency not crime: BB Special Correspondent: The latest stand of two state agencies has created new drama over the transaction of cryptocurrency like Bitcoin and some other online currencies. This has confused the traders of Bitcoin and other cryptocurrencies in the country.Currency regulatory authority-Bangladesh…
Read More »South Asia agriculture systems show resilience amid pandemic
UNB: The severe health and economic impacts of the COVID-19 pandemic have disrupted food systems and upended livelihoods in South Asia, but it has also led to policies aimed at building resilient food systems, according to the 2021 Global Food Policy Report.“The pandemic responses have demonstrated the power of well-crafted…
Read More »BD raises export target to $51 b for new fiscal year
Industry Desk: Bangladesh has set an export earnings target of $51 billion for fiscal 2021-22, Commerce Minister Tipu Munshi said yesterday.Bangladesh earned $38.75 billion in exports during FY2021, missing the $41 billion target set for the year. It was, however, a 15.1 percent increase over FY2020, when export earnings amounted…
Read More »Remittance inflow hits record high of $24.77 billion in FY21
Staff Correspondent: Remittance inflows hit a record high of US$24.77 billion in the just-concluded fiscal year (FY21), thanks to the expatriate Bangladeshis for sending money amid the Covid-19 pandemic.Expatriate Bangladeshis sent 36 per cent higher remittance in fiscal 2020-21 compared to the same period in the fiscal 2019-20, when it…
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Bangladesh regained second position in RMG exports
BGMEA President says in an interview with Daily Industry Staff Correspondent: President of Bangladesh …
