October 28, 2021
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  • 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…

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  • 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…

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  • 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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  • 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…

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  • 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…

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  • 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…

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  • 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…

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  • 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%…

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  • 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…

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  • USAID launches $17m clean energy project in BD

    Industry Desk: The US Agency for International Development (USAID) yesterday launched a $17 million five-year, flagship clean project to improve access to affordable, reliable, and sustainable energy systems and promote transparent and efficient energy markets in Bangladesh.USAID Mission Director Derrick S. Brown and Chairman of Sustainable and Renewable Energy Development…

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