Businesses should be environment-friendly in Bangladesh and they should ensure good governance to build a safer earth, analysts said today. Their comments came at the closing ceremony of the World Investor Week- 2022 organised jointly by the Central Depository Bangladesh Ltd (CDBL) and Central Counterparty Bangladesh Ltd (CCBL) at Le …
Read More »Asia sails into headwinds from rate hikes, war, and China slowdown
Asia’s strong economic rebound early this year is losing momentum, with a weaker-than-expected second quarter. We have cut growth forecasts for Asia and the Pacific to 4 per cent this year and 4.3 per cent next year, which are well below the 5.5 per cent average over the last two …
Read More »DCCI President requests Turkey to relax tariffs on RMG
Dhaka Chamber of Commerce and Industry (DCCI) President Rizwan Rahman requested Turkey to relax tariffs on RMG and ceramic products for Bangladesh’s export growth. The DCCI President made the request when he met Turkish Minister for Trade Dr. Mehmut MUS at his Ministry in Ankara on October 2, said a …
Read More »More development projects planned to support trade, investment
With a view to building better transport and road infrastructure that would support industry and trade in the country, the government is working for construction of more elevated expressways and large bridges integrating existing bridges, flyovers, highways and tunnels. While economists say the construction of the 6.51-kilometer Padma Bridge at …
Read More »Bangladesh invites Malaysian businesses to invest in ICT parks
The Bangladesh high commissioner to Malaysia has highlighted the remarkable digital transformation of Bangladesh and underlined the importance of establishing institutional linkages to promote greater bilateral collaboration in ICT and digital economy. ‘We are determined to work closely with Malaysia to find ways and means to establish Bangladesh-Malaysia Digital Economy …
Read More »Further studies underway on joining RCEP
The Bangladesh Trade and Tariff Commission (BTTC) is conducting further studies on possible outcomes of the country joining the world’s largest China-led trade deal, Regional Comprehensive Economic Partnership (RCEP), Senior Commerce Secretary Tapan Kanti Ghosh said yesterday. In July this year, the BTTC in a study said Bangladesh would greatly …
Read More »Businesses experience brisk sales amid Durga Puja
The businesses experienced a buoyant sale during Durga Puja this year, compared to the last two years. This year’s Puja, the biggest festival for Hindus in the country, started with Mahashashthi on Sunday. Traders expressed their happiness with last-minute crowd sales in the various markets of the capital. They said …
Read More »Govt seeks $6.15bn loans from WB
Bangladesh has sought $6.15 billion in loan support from the World Bank to implement a total of 54 projects in the next three years. A formal proposal has been put forward to the Washington-based lending agency to obtain the required loans from the lender’s soft loan window International Development Agency …
Read More »Inflation down marginally from a decade high
Soaring inflation descended to 9.1 per cent in September from a decade-high 9.8 per cent in August by official count, under sobering impact of slowly improving global supply system. Planning Minister MA Mannan told the FE Wednesday that the August figure, 9.8 per cent, was the highest after the year …
Read More »Further delaying climate policies will hurt economic growth
The world must cut greenhouse gas emissions by at least a quarter before the end of this decade to achieve carbon neutrality by 2050. Progress needed toward such a major shift will inevitably impose short-term economic costs, though these are dwarfed by the innumerable long-term benefits of slowing climate change. …
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