Biz World
Biz World
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…
Read More »BD exporters affected by global container crisis
Staff Correspondent:Bangladesh’s export is experiencing unprecedented delays as a result of the global container crisis and vessel capacity constraints, which are being fueled by rebounding demand in Western countries. As a result, many exporters are concerned about whether they will be able to send their items on time.The inland container…
Read More »BD improving productivity:WB
Staff Correspondent: To boost export growth and help the economy rebound from the COVID 19 pandemic impacts, improving the manufacturing sector’s productivity will be crucial for Bangladesh, says a new World Bank report launched yesterday.The report, ‘Gearing up for the Future of Manufacturing in Bangladesh’ suggests that by strengthening innovation…
Read More »Govt-ADB sign agreements for $940m loan to purchase vaccines
Staff Correspondent : The Asian Development Bank (ADB) and the Government of Bangladesh yesterday signed agreements for $940 million in loans to purchase safe and effective vaccines against the coronavirus disease (COVID-19). Fatima Yasmin, Secretary, Economic Relations Division (ERD), and Manmohan Parkash, Country Director, ADB, signed the loan agreements on…
Read More »Bangladeshi jackfruits now at German market
Staff Correspondent: Jackfruits from Bangladesh are now on sale in the market of rich European country Germany.‘Lebensmittelmarkt’ in Berlin, Germany, imported the fruit recently from Bangladesh for the first time and the Bangladeshi company ‘Globepac Foods and Beverage’ has achieved the credit of exporting the national fruit of Bangladesh to…
Read More »FDI in Bangladesh fell 10.8pc in 2020
Industry Desk: Foreign direct investment in Bangladesh dropped 10.8% to $2.6 billion in 2020. Except for India, all other countries in South Asia observed negative growth in FDI inflows, according to an annual report prepared by the United Nations Conference on Trade and Development (UNCTAD).FDI in India rose around 27%…
Read More »Germany to provide EUR 339.54m to Bangladesh under two deals
Industry Desk: Germany will provide EUR 339.54 million or approximately Tk 3463.3 crore technical and financial cooperation support to Bangladesh for development projects in various sectors.Bangladesh and Germany on Sunday signed the financial and technical agreements on development cooperation, said the German Embassy in Dhaka yesterday.The cooperation under the agreements…
Read More »
Hotels to be converted for Covid hospitals
Hospitals overwhelmed Staff Correspondent: The government is going to rent hotels for providing treatment …
