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Regional & International Economy

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 …

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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 …

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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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RAKUB disburses Tk 143-cr loan for fish farming in northwest districts

Rajshahi Krishi Unnayan Bank (RAKUB) has disbursed loans of around Taka 143 crore for fish farming in the country’s northwest districts during the last 2021-2022 financial year, officials said. The state-owned specialized bank distributed the loan among 2,250 commercial fish farmers in all 16 districts under Rajshahi and Rangpur divisions …

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