Economy marches towards record 7.65pc growth The Bangladesh economy is charging towards record growth figure for the second consecutive year, driven by double-digit growth in manufacturing and construction sectors. GDP growth in fiscal 2017-18 is likely to be 7.65 percent, up from 7.28 percent a year earlier, as per the estimate of the Bangladesh Bureau […]
Exports decline 1.38pc Export earnings fell 1.38 percent year-on-year to $3.05 billion in March due to a decline in leather goods shipment. March’s receipts fell short of the $3.16 billion target for the month, according to data from the Export Promotion Bureau (EPB). Leather and leather goods sector—the second largest export earner after garments—fetched $848.78 […]
BGMEA chief criticises the way BB handles liquidity crisis The chief of the garment makers’ platform on Monday criticised the way the central bank is dealing with the ongoing liquidity crisis in the banking sector. Siddiqur Rahman, president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), also gave examples of some banking scams and […]
Workers and a road milling machine have been deployed to smooth down the Dhaka-Chittagong highway after the surface became uneven because of “overloading”. The photo was taken at Dhamoti in Cumilla on Wednesday. Photo: Anisur Rahman 4-Lane Dhaka-Ctg Highway: Up for mending all too soon Mohammad Bachchu was intensely looking at the milling machine cutting […]
Prime Minister Sheikh Hasina chairing the 18th meeting of the Executive Committee of the National Economic Council in the National Economic Council conference room in Dhaka on February 27, 2018 Ecnec approves Eastern zone grid project Planning Minister AHM Mustafa Kamal said a total of 15 projects were approved with an overall estimated cost […]
Ecnec approves 10 projects including excavation of 5 Dhaka canals The excavation of the canals is scheduled to be completed by December next year The Executive Committee of the National Economic Council (Ecnec) on Tuesday approved 10 projects amounting to a total cost of Tk3,416 crore, including one to excavate and re-excavate five canals in […]
China’s EximBank pledges $127b for emerging industries The Export-Import Bank of China (EximBank) and the country’s top economic planner signed an agreement to boost financing support to emerging industries by more than $100 billion in a bid to foster new growth drivers. EximBank will offer at least $127 billion of financial support to strategic industries […]
WTO chief warns trade barriers will ‘jeopardise the global economy’ The World Trade Organisation chief warned states yesterday that creating barriers to international trade would “jeopardise the global economy,” after Washington slapped steep tariffs on Chinese imports, heightening fears of a trade war. “Disrupting trade flows will jeopardise the global economy at a time when […]
Paperless trade measures can cut costs by 30pc: UN Full implementation of the World Trade Organisation’s digital trade facilitation agreement will slash trade costs by more than 30 percent for Bangladesh, according to a recent United Nations report. Digital trade facilitation refers to the application of modern information and communications technologies to procedures involved in […]
Revenue target may be Tk 340,000cr next fiscal year The finance ministry plans to set a revenue collection target of Tk 340,000 crore in the next fiscal year, up 18 percent from that in the current fiscal year. This is a preliminary target, an official of the ministry said. The revenue collection goal for fiscal […]