Biz World
Biz World
Rising RMG exports to new markets
A real boon to economy Staff Correspondent: Rising apparel shipments to non-traditional markets offer a new ray of hope for the country’s export sector amid the global economic crisis.Despite falling global demand and an energy crisis, Bangladesh witnessed a 10 percent growth in RMG exports in FY23, with increased exports…
Read More »US$ losing dominance in international business
Mahfuja Mukul: The dominance of the dollar in world trade transactions is waning. The dollar’s share of global reserves is also declining. As the value of the dollar rose sharply, import costs and external liabilities of many countries increased. In this situation, many countries are now trying to use alternative…
Read More »JICA committed total 331 b Yen across 5 crucial projects
Industry Desk: The Japan International Cooperation Agency (JICA) has reported that during the Japanese Fiscal Year 2022, spanning from April 2022 to March 2023, both its commitment and disbursement have reached the second highest levels since its ODA loan support in Bangladesh began in March 1974.For the said FY, JICA…
Read More »Finance ministry disagrees with IMF terms on social security spending
Industry Desk: The finance ministry has not agreed on the International Monetary Fund’s term to exclude pension and savings certificate interest payments from the social security budget.“We have not agreed to accept the IMF’s condition to separate the allocation for social security from the allocation for pension and savings certificates…
Read More »WB approves $1.25b financing in 3 projects for Bangladesh
Industry Desk: The World Bank has approved $1.2 billion financing for Bangladesh in three new projects under a new Country Partnership Framework for Bangladesh (2023-2027).The approval came on Thursday at a meeting of the global lender’s Board of Directors in Washington, said WB press release.The Country Partnership Framework (CPF), anchored…
Read More »Fear of IMF question about the BB reserve
IMF team arrives Dhaka Mahfuz Emran: As a condition of International Monetary Fund (IMF) loan, Bangladesh should have foreign exchange reserves of $24.46 billion ($2446 crore) by next June. But at the moment the reserve stands at $31.18 billion (3118 crore) and the usable reserve is $2318 million. Ahead of…
Read More »You set an example of empathy for world
Biden writes to Hasina Diplomatic Correspondent: US President Joe Biden has said his country made a commitment to finding long-term solutions to the Rohingya refugee crisis and holding perpetrators of the atrocities accountable.“You set an example for the world of empathy and generosity in practice,” the US President wrote in…
Read More »India, Thailand agree to include Bangladesh in Highway project
Staff Correspondent: Foreign Secretary Masud Bin Momen has said that India and Thailand have no objection in including Bangladesh in the Trilateral Highway project.However, Myanmar is yet to give a reaction on the matter, the foreign secretary told reporters after the third ‘Foreign Office Consultation’ meeting at the foreign ministry…
Read More »ADB to continue cooperation to BD
Says visiting president Diplomatic Correspondent: Lauding highly the socio-economic progress and capacity of Bangladesh, visiting Asian Development Bank (ADB) President Masatsugu Asakawa yesterday said that the lending agency would continue to stand beside Bangladesh in the coming days like in the past.The ADB has been continuing to stand beside Bangladesh…
Read More »It will take 300 years to achieve gender equality
UN chief warns International Desk: Progress toward gender equality is “vanishing before our eyes,” United Nations Secretary General António Guterres told the Commission on the Status of Women on Monday.Speaking to the key UN women’s rights group ahead of International Women’s Day on March 8, Guterres said gender equality is…
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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 …
