Raise investment-GDP ratio to improve economic status Top banker says at DCCI conference Star Business Report Bangladesh needs to accelerate its investment to gross domestic product ratio to achieve the status of an advanced economy by 2041, said a senior banker of Standard Chartered yesterday. “Currently the investment to GDP ratio in Bangladesh is hovering […]
Euro zone growth slows more than expected Reuters, Brussels The European statistics office Eurostat said economic growth in the 19 countries sharing the euro slowed to 0.2 percent in the third quarter against the previous three months, after a 0.4 percent expansion in the second quarter. Year-on-year euro zone growth slowed to 1.7 percent from […]
Yuan hits decade low on trade, economy fears Afp, Shanghai The Chinese yuan weakened to a decade low on Tuesday on concerns over China’s slowing economy and the US trade war, but Beijing was expected to prevent it breaking the psychologically important 7 yuan per dollar barrier. The yuan drifted past 6.96 to the dollar, […]
Cut economic disparity to achieve SDGs by 2030 Experts suggest at PKSF’s conference Star Business Report The government should take steps to reduce economic disparity to achieve sustainable development goals by 2030, experts said yesterday. Sustainable development aims at reducing economic disparity, said Qazi Kholiquzzaman Ahmad, chairman of Palli Karma-Sahayak Foundation (PKSF). Corruption is the […]
BGMEA chief’s company gets IGW licence Muhammad Zahidul Islam The government is set to award one more licence for the international voice call routing — a mindboggling move given the sector is already overcrowded and struggling. The new licence was given to LR Telecom, a company owned by the president of the Bangladesh […]
Pacific Jeans investing $100m to diversify products Sajjadur Rahman and Dwaipayan Barua Top denim maker Pacific Jeans is spending $100 million to set up two new factories in Chattogram in two years with the view to diversifying product base. One of the units, Pacific Knitex, will produce fabrics, while the other, Pacific Casuals, will make activewear, which […]
Early bitcoin investors count winnings after volatile decade Reuters, New York/London SEVEN years ago, Marshall Hayner gave his grandfather one bitcoin, worth about $30. On the paper wallet he fashioned to commemorate the gift, the U.S. entrepreneur and software developer wrote: “Do not open until $100,000.” It made Hayner’s grandparents laugh, and indeed bitcoin […]
Deal signed for Ctg elevated expressway Star Business Desk Max-Ranken Joint Venture on Tuesday signed a contract with Chittagong Development Authority (CDA) to construct a four-lane elevated expressway from Lalkhan Bazar to Hazrat Shah Amanat International Airport in Chattogram. The project, including a 16-kilometre flyover and a 12-kilometre ramp, is scheduled to be complete in […]
Time to be more innovative in fashion, design Say apparel exporters, buyers Star Business Report After a journey of four decades of business, the time has come for Bangladesh to be more innovative in fashion and design for sustainability of garment business in the era of fierce competition in global apparel business, exporters and buyers […]
Bangladesh comes last in South Asia Rejaul Karim Byron Bangladesh ranked 176th out of 190 countries in the World Bank’s Ease of Doing Business index this year, which is the lowest ranking for a South Asian nation — an alarming development given the government’s claims of reforms to improve the score. The Washington-based multilateral lender’s […]