Daily Archives: September 28, 2014

BANGLADESH WON’T EXTEND IMF LOAN TERM, SAYS FINANCE MINISTER

BANGLADESH WON’T EXTEND IMF LOAN TERM, SAYS FINANCE MINISTER Staff Correspondent,  bdnews24.com Finance Minister AMA Muhith says he does not want an extension on the term of International Monetary Fund’s Extended Credit Facilities programme. Speaking to reporters after meeting an … Continue reading

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MAJORITY UPBEAT ABOUT ECONOMY

MAJORITY UPBEAT ABOUT ECONOMY Md Fazlur Rahman A Washington-based research organisation finds in a survey on Bangladesh.. The majority of Bangladeshis have expressed optimism about the economy, giving the thumbs-up to the government’s economic management, a Washington-based research organisation said … Continue reading

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RECORD WORLD BANK FUNDING IN LAST FISCAL YEAR

RECORD WORLD BANK FUNDING IN LAST FISCAL YEAR Senior Correspondent,  bdnews24.com Bangladesh has recorded highest disbursement of World Bank loan in the last fiscal, the global lender says. After a joint portfolio review with the government, it says its fund … Continue reading

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CREATE NEW BUSINESS PARTNERSHIP WITH BANGLADESH : HASINA TO US INVESTORS

CREATE NEW BUSINESS PARTNERSHIP WITH BANGLADESH : HASINA TO US INVESTORS Prime Minister Sheikh Hasina has urged the US investors to create a new business partnership to help Bangladesh become a middle income country by 2021. “As we aspire to … Continue reading

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7% GROWTH POSSIBLE

7% GROWTH POSSIBLE Star Business Report StanChart upbeat on Bangladesh economy… Bangladesh has to address infrastructure deficit, productivity gap and diversification of export base if it wants to move to a higher growth trajectory, Standard Chartered Bank said in its … Continue reading

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ADB LIFTS ECONOMIC GROWTH FORECAST FOR BANGLADESH

ADB LIFTS ECONOMIC GROWTH FORECAST FOR BANGLADESH Star Business Report The Asian Development Bank has revised upwards its economic growth forecast for Bangladesh — to 6.4 percent from 6.2 percent — for the current fiscal year. The latest projection is … Continue reading

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BANGLADESH ENJOYS $1 BILLION BOP SURPLUS

BANGLADESH ENJOYS $1 BILLION BOP SURPLUS Abdur Rahim Harmachi, Chief Economics Correspondent,  bdnews24.com Bangladesh has garnered a big surplus in balance of payment (BoP) in July, the first month of the current fiscal year. According to central bank statistics, BoP … Continue reading

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GLOBAL BRANDS TEAM UP TO MAKE BANGLADESHI FACTORIES ENVIRONMENT FRIENDLY

GLOBAL BRANDS TEAM UP TO MAKE BANGLADESHI FACTORIES ENVIRONMENT FRIENDLY Star Business Report Shahidullah Azim Leading apparel and footwear buyers and retailers, who source from Bangladesh, have teamed up to make the country’s factories environmentally sound as part of a … Continue reading

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GOVT TO OFFER INCENTIVES TO CHINA, JAPAN INVESTORS

GOVT TO OFFER INCENTIVES TO CHINA, JAPAN INVESTORS Rejaul Karim Byron A draft will be finalized soon… Amid growing interests from Japanese and Chinese entrepreneurs to invest in Bangladesh, the government has prepared the draft of an incentive package for … Continue reading

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ECONOMIC PROGRESS OF BANGLADESH : FROM “BASKET CASE” TO GLOBAL ROLE MODEL

ECONOMIC PROGRESS OF BANGLADESH : FROM “BASKET CASE” TO GLOBAL ROLE MODEL Bangladesh is in the process of transition from a predominantly agro-based economy to a modern time-befitting one. There has been a considerable change in global flows of trade … Continue reading

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GLOBAL FUND MANAGERS EYE ON BANGLADESH

GLOBAL FUND MANAGERS EYE ON BANGLADESH Kayes Sohel A number of global fund managers, including the New York-based world’s one of the leading financial management and advisory companies, Merrill Lynch, target their barrels towards Bangladesh, industry people have said. Factors, … Continue reading

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BANGLADESH A COUNTRY OF MANY POTENTIALITIES

BANGLADESH A COUNTRY OF MANY POTENTIALITIES : MOZENA Our Correspondent, Comilla Through Comilla trip, he completes visits to 64 districts of Bangladesh.. Bangladesh is a country of many potentialities, US ambassador to Bangladesh Dan W Mozena has said. After completing … Continue reading

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BANGLADESH BANK GOVERNOR FOR RESHAPING FINANCIAL SYSTEM

BANGLADESH BANK GOVERNOR FOR RESHAPING FINANCIAL SYSTEM New York, NY (MLB)– Bangladesh Bank (BB) Governor Atiur Rahman highlighted BB’s engagement in reshaping financial system to support sustainable development at the Second Advisory Council Meeting of UNEP’s Inquiry on ‘Design of … Continue reading

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BANGABANDHU SATELLITE TO BREAKEVEN IN 7 YEARS

BANGABANDHU SATELLITE TO BREAKEVEN IN 7 YEARS Muhammad Zahidul Islam Country’s first satellite Bangabandhu-1, a project costing Tk3,243 crore, will reach its breakeven within seven years of its launch…. The Bangladesh Telecommunication Regulatory Commission (BTRC) in its draft business proposal … Continue reading

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BANGABANDHU 1 SATELLITE PROJECT READY

BANGABANDHU 1 SATELLITE PROJECT READY Muhammad Zahidul Islam The Tk32.48bn proposal will be placed at Ecnec soon… The Tk32.48bn Development Project Proposal (DPP) for Bangabandhu 1, the first satellite of Bangladesh, is ready for being placed before the highest economic … Continue reading

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GOVT READY TO LAUNCH SATELLITE “BANGABANDHU”

GOVT READY TO LAUNCH SATELLITE “BANGABANDHU” Chief Economics Correspondent, bdnews24.com The government has approved a nearly Tk 30 billion project to launch ‘Bangabandhu’, Bangladesh’s first satellite. A meeting of the Executive Committee of the National Economic Council (ECNEC) on Tuesday … Continue reading

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WHY BANGLADESH WILL SOON BECOME A MIDDLE INCOME NATION

WHY BANGLADESH WILL SOON BECOME A MIDDLE INCOME NATION Zahedul Amin THE Bangladesh economic story exemplifies that of an underdog which had been continuously berated and belittled by the naysayers, as it struggled to maintain its growing population and at … Continue reading

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MID-INCOME STATUS NOT FAR OFF

MID-INCOME STATUS NOT FAR OFF Md Fazlur Rahman Income per capita grew by 12.90 percent to $1,190 this fiscal year to take the country closer to the middle-income bracket. So says Bangladesh Bureau of Statistics in a provisional estimate. Bangladesh … Continue reading

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BANGLADESH TO BECOME A MIDDLE INCOME COUNTRY SOON: MOZENA

BANGLADESH TO BECOME A MIDDLE INCOME COUNTRY SOON: MOZENA US Ambassador Dan Mozena said here today that Bangladesh would soon emerge as a middle- income country. The envoy was on a tour of Joypurhat where he visited the country’s biggest … Continue reading

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BANGLADESH BECOMING A MIDDLE INCOME NATION THROUGH PROPER DIGITALIZATION

BANGLADESH BECOMING A MIDDLE INCOME NATION THROUGH PROPER DIGITALIZATION Prime Minister’s IT Adviser Sajeeb Wazed Joy at Pirganj today said Bangladesh is becoming a middle-income nation by 2021 through proper implementation of the digitization programme and a developed country by … Continue reading

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