Democratic process vital for economic emancipation: PM
Prime Minister (PM) Sheikh Hasina Wednesday said that the country’s democratic process needed to be maintained to gain the economic emancipation of its people, reports UNB. “Our goal is to achieve economic emancipation and to make that happen, the democratic process has to be maintained,” she said while addressing the officials and employees of the [...]
Amnesty for black money in stocks to continue: Muhith says the existing provision will remain, but opposes it in principle
May 16, 2012 No Comment
By: Star Business Reporter Investments of black money in the stock market will continue through the next fiscal year, Finance Minister AMA Muhith said yesterday. “I always oppose black money in principle. It doesn’t benefit the country,” said Muhith at a pre-budget discussion. “But, as the stock market is a very sensitive market, we wouldn’t [...]
Continue reading …A. R. Chowdhury Bangladesh received a number of foreign dignitaries from India, Japan and the United States last week. The positive attention it received in the international media could be summed up by an article in The Wall Street Journal which, referring to the Bangladesh trip by Secretary of State Hillary Clinton, concluded that “this [...]
Continue reading …Dhaka, May 13 (Xinhua-ANI): The Asian Development Bank (ADB) is providing 50 million U.S. dollars in loans to help improve the environment by financing more energy-efficient brick kilns in Bangladesh. According to a statement of the Manila-based lender received here Sunday, the bank will provide its loan fund in local currency to the Bangladesh Bank [...]
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Sky-high daily essentials have put the impoverished and fixed-income group consumers in peril as prices show no sign of let-up. Onion, garlic and lentil prices clanked up further in different kitchen markets of the capital, while edible oil, flour, vegetables and fish are still selling at prices much beyond the means of commoners, traders and [...]
Continue reading …The Australian government will provide an estimated A$100.5 million or TK 8.3 billion in official development assistance to Bangladesh in 2012-13. “Australia remains committed to assisting Bangladesh to overcome poverty, as demonstrated by the increase in funding ofA$8.5 million since the 2011-12 budget,” said acting Australian High Commissioner to Bangladesh Tim Bolotnikoff. In a press [...]
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Describing agriculture as the driving force of the economy, Prime Minister Sheikh Hasina on Thursday said the rural economy has to be strengthened by injecting money into it. “We’ll have to provide a strong base for the rural economy…so we need to pump money into the rural economy,” the Prime Minister said. She was addressing [...]
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By: Abdur Rahim Harmachi With a target to increase per capita income to $2000 by 2021, the government has finalised a long-term perspective plan, which is scheduled to be approved by the National Economic Council (NEC) on Thursday. The plan, titled ‘Perspective Plan of Bangladesh 2010-2021: Making Vision 2021 a Reality’, is the first long-term [...]
Continue reading …The country on Sunday announced that it will write off $200 million of the $1 billion line of credit offered to Bangladesh, and promised to implement all bilateral agreements, including those that have witnessed delays. India had announced a $1 billion Line of Credit to Bangladesh, the largest it has offered to any country in 2010. [...]
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By: Kazi Zahidul Hasan Despite having huge potential,Bangladesh’s export to US market suffers setback due to high import tariff imposed by the US government, industry insiders said. The US government is charging an average tariff of 15.8 per cent on goods imported from Bangladesh not covered by Generalised System of Preference (GSP), facilities. Presently, the [...]
Continue reading …Bangladesh’s Garment Workers Brave Deadly Fires To Make Luxury American Clothing
May 3, 2012 No Comment
By Maher Sattar ASHULIA, Bangladesh — On Dhaka’s northwestern edge, the suburb of Ashulia is a favorite getaway for those seeking an after-hours escape from the fastest growing city in the world. Street lights are nonexistent, and the late-night trip from the city snakes north along a narrow lane toward paddy fields immersed in complete [...]
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By: Pankaj Dastider The country has been losing a huge amount of foreign exchange every year because of unlawful delivery of export cargo to the foreign destinations by the freight forwarders and shipping companies without bank document. About 1,000 ready made garments have been closed down throughout the country for this reason, exporters said terming [...]
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