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The Chattogram Port Authority (CPA) may not have to spend Tk 3,600 crore to acquire 803 acres of khas land for the Bay Terminal project as the government is considering its application to be given the area for free or at a token price. Once implemented, the terminal would enhance …
Read More »Continue reforms to maintain growth trajectory
Bangladesh needs to continue to execute its reform priorities under its national plans to maintain its growth trajectory and enhance macroeconomic stability amid uncertainties and rising inflation, said World Bank (WB) Vice President for South Asia Martin Raiser yesterday. He made the comment on concluding his maiden three-day visit to …
Read More »Global Fund seeks $18 billion to end HIV, TB and malaria
The Global Fund to Fight AIDS, Tuberculosis and Malaria will hold a donor conference Wednesday in New York, where it aims to raise at least $18 billion during an event hosted by US President Joe Biden. It is the highest ever “replenishment” goal set by the organization, and comes amid …
Read More »ADB provides assurances of $2 billion in budget support
The country director of the Asian Development Bank (ADB) Edimon Ginting said the lender will continue to support the country’s rural and urban development and encourage investment in climate-resilient development. In line with the development goals of the government, about $2 billion in loan assistance is lined up for this …
Read More »EPZs cross the $8 billion mark for the first time
Eight government Export Processing Zones (EPZ) of the country under the Bangladesh Export Processing Zones Authority (Bepza) did really well in terms of employment generation, export earnings, and investment in the last 2021-22 fiscal year (FY). The export earnings in FY2021-22 of the industries of EPZs hit all-time high growth …
Read More »RMG exports likely to see negative growth in September
Apparel export is likely to witness a negative growth in September after a positive streak of 14 months since August last year. According to the day-to-day export data, apparel export declined to $1.72 billion in the first 18 days of September, fetching a negative growth of 12.36%, from the same …
Read More »World Bank to publicise Bangladesh’s dev success
World Bank vice president for South Asia Region Martin Raiser sings the praise of Bangladesh’s constant progress which he bills a role model for many countries to follow. Officials said the visiting high official of the global development financier noted that Bangladesh is one of the highest recipients of World …
Read More »Ctg port earns record Tk 35.85b in FY 22
Chittagong port, the prime seaport of the country, earned a record Tk 35.85 billion in the last fiscal year of 2021-2022 (FY 22). After paying all the expenditure including charges, taxes and salaries of staff, the net income stood at Tk 10.75 billion. In the immediate past FY 2020-2021, the …
Read More »BB issues guideline for green bond rollout
Bangladesh Bank yesterday issued guidelines for the rollout of green bonds to facilitate sustainable investment of banks and non-banks to tackle the adverse impacts of climate change. Lenders will be able to raise funds by issuing green bonds in the market in order to implement different types of projects which …
Read More »Six firms to invest $457m in pharma, hospitality
Six Bangladeshi companies have showed their interest to invest $457 million at Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram and Sabrang Tourism Park in Cox’s Bazar. They have prepared six investment proposals — one for the pharmaceuticals sector and the rest five for the hospitality sector. The economic zones’ authority …
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