Real-Estate & Infrastructure

Bangladesh’s progress in terms of achieving the sustainable development goals (SDGs) has been quite exceptional and the country is now seen as a role model for sustainable development, particularly in terms of locally-led adaptation. While Bangladesh’s achievements have been great, there are still some challenges on the road to achieving …

The claim settlement rate of life and non-life insurance companies in Bangladesh still lags behind the world standard as well as that of neighbouring countries such as India and this is the main reason for low public confidence in the sector. From 2009 to 2019, clients submitted claims worth Tk …

A total of 1,000 acres of land in Araihazar upazila of Narayanganj has been prepared for a special economic zone (SEZ) dedicated to Japanese investors, according to Finance Minister AHM Mustafa Kamal. The Bangladesh Economic Zones Authority (Beza) and Bangladesh SEZ Ltd will now sign an agreement to set up …

Bangladesh Investment Development Authority (BIDA) has included eight more services of four organisations with its online One Stop Service (OSS) centre to ensure ease and swift services for the investors in the country. To this end, BIDA on Wednesday signed a Memorandum of Understandings (MoUs) with the Department of Explosives, …

Islamic Development Bank (IsDB) will provide USD $ 56 million to improve sanitation and hygiene services for 14 lakh (1.4 million) people of 10 priority towns in Bangladesh. A loan deal in this regard was signed between Econmic Relation Division (ERD) and IsDB) in Dhaka on Sunday. Under the loan …

Agriculture Minister Muhammad Abdur Razzaque yesterday urged rich nations to invest more to invent climate-smart agriculture and food systems and support developing countries. He also urged them to establish climate justice to sustain agricultural production and food security by tackling the adverse effects of global warming. He made the call …

The government plans to increase the budget in the transport and communication sector by 14 per cent annually to make it cost-effective and efficient to ensure the socio-economic progress of the country. Total spending for this sector is projected at Tk 861.62 billion in FY24 while Tk 787.76 billion in …

Mongla port, the country’s second biggest seaport, has made a strong comeback as it sees an increased arrival of ships, making it a major gateway for Bangladesh’s overseas trade once again. Officials and port users say the opening of the Padma bridge will give a further boost to the port. …

The spending of money is going to be the biggest challenge for the government in implementing the current fiscal year’s budget as only 25 percent of the hefty budget outlay has been spent in the first six months. The government announced a whopping Tk 6.04 trillion budget for 2021-22 financial …

Bangladesh Fisheries Development Corporation (BFDC) is establishing a world-class dry fish processing industry in Cox’s Bazar, said Fisheries and Livestock Minister SM Rezaul Karim yesterday. The government will extend tax exemption benefits to the businesses that will import machinery or take initiatives to set up such industries in the country, …