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 [...]
US Secretary of State Hillary Clinton, who is due to arrive in Dhaka early Saturday afternoon, will have a meeting with Leader of the Opposition Khaleda Zia in the evening. Hillary will call on the BNP chairperson at her Gulshan residence at 8:30pm to discuss different bilateral issues, Khaleda’s press secretary Maruf Kamal Khan Sohel [...]
Continue reading …
Finance minister A M A Muhith has hinted at further hike in power and fuel oil prices in coming days. State subsidies to different sectors will be twice the figure primarily estimated. The subsidy would be increased to 4.3 per cent of GDP to Tk 385 billion from the earlier estimation of Tk 204.77 billion [...]
Continue reading …
Bangladesh yesterday won an investment grade with a stable outlook from the leading credit rating agency Standard & Poor’s for the third straight year. The S&P rated Bangladesh to “BB-” with a stable outlook, the US-based company said in a statement. The company linked the rating to the country’s strong growth prospects, adequate external liquidity [...]
Continue reading …
The net investment in national saving instruments in January stood at a negative Tk 219.93 crore as certificates worth Tk 1,447.75 crore were sold in the month, but Tk 1,667.68 crore had to be paid as payment of the capital money against the saving instruments sold earlier. The net investment in saving instruments in January [...]
Continue reading …
The government has decided to prepare next fiscal year’s budget aiming at achieving 7.2 to 7.5 percent growth, provided the country can effectively manage internal and external setbacks.Economic growth of next fiscal year is likely to estimated by the finance ministry above seven percent despite double dip recession in United States and Euro crisis in [...]
Continue reading …
Transport expert Rahmatullah says earnings to shoot up once total infrastructure in place Bangladesh could earn about $44 million a year by providing transit to India and its neighbours over the first five years while developing infrastructure for the facility, a transport expert said yesterday. If the infrastructure was ready in five years, Bangladesh would [...]
Continue reading …
Over 10 lakh households under a project of Rural Development and Cooperative Division will be introduced to mobile banking in next six months, said officials of the division.In the first phase of the programme, mobile banking will be introduced in 14 districts covering all listed households under the Ektee Bari Ektee Khamar project within April [...]
Continue reading …
US Assistant Secretary for South and Central Asian Affairs Robert O Blake said Thursday Bangladesh is well-positioned to accelerate its economic growth if it develops infrastructure and remove other impediments to investment.He said that the country had made substantial economic progress over the past two decades. “I am optimistic that the dynamism, resilience and entrepreneurship [...]
Continue reading …
Bangladesh can be a hub of economic activities in south-east Asia if proper infrastructure is developed accordingly, US assistant secretary of state for South and Central Asia Robert O Blake has said. Sounding a high resonance about the country’s economy, the US top official said Bangladesh has made substantial economic progress over the past two [...]
Continue reading …
By Mohammad Younus Ali Huge foreign currency earning is possible by exporting locally made honey and the country can be solvent economically from it if the government takes some necessary steps, the honey collectors said. The honey collectors collect the huge quantities of honey from the flowers of mustard, coriander, black cumin, sesame, litchi and [...]
Continue reading …
The country’s overall trade deficit widened by nearly 22 per cent to US$ 4.195 billion in the first half (H1) of the current fiscal year (FY) following higher import of petroleum products, officials said Tuesday. The overall trade deficit rose to $4.195 billion in July-December of the FY `12 from $3.448 billion during the corresponding [...]
Continue reading …
