India is favourably considering allowing Nepalese trucks to inter into Bangladesh territory apart from taking initiatives to develop land customs infrastructure to boost trade with Bangladesh. Indian Minister of Commerce Anand Sharma said this at a meeting with Commerce Minister Faruk Khan in the sideline of the SAFTA Ministerial Meeting in Katmandu on Wednesday.
The Grand Opening Ceremony of Adamjee EPZ Plant of r-pac Bangladesh Packaging Co. Ltd. held recently at the Plant premises.
The International Monetary Fund (IMF) sees bright economy of Bangladesh and believes that the country can achieve more than 6 percent growth in domestic product with strong efforts in reforming infrastructure, tax system, banking and service sectors. "Bangladesh has the potentials to achieve more than 6 percent GDP growth and it needs to accelerate various reforms for it," Masaito Miyazaki, the IMF mission chief, said on Thursday.
Nine state-owned banks and financial institutions have waived Tk 3,684 crore interest on loans against 693 accounts over the last eight years, which the central bank thinks encourages 'unethical activities'. In a report, Bangladesh Bank (BB) said an exit policy to bring a borrower out of the loan burden may be logical only when the borrower is genuinely affected.
The Power Development Board (PDB) yesterday received a record number of 63 proposals for eight rental power projects totalling 530 megawatt in capacity, set to start being launched the next summer.
The chairman of Securities and Exchange commission, Ziaul Haque Khandker, has warned the investors against taking any risks in buying shares on the basis of rumours in the stock market. He advised investors to weigh the fundamentals of the companies and only go for buying shares of good companies.
A 12-member business delegation of the Federation of Bangladesh Chambers of Commerce and Industry and India-Bangladesh Chamber of Commerce and Industry left Dhaka on Monday for the northeastern Indian states of Assam and Meghalaya. The 5-day day visit, headed by the FBCCI president, Annisul Huq, is aimed at increasing Bangladesh’s exports and attracting investors. The FBCCI delegation on October 30 will meet in Kolkata with the leaders of the Bengal National Chamber of Commerce and Industry, which is the guardian of the chambers and industries of the northeast India.
Nobel-laureate Prof Muhammad Yunus suggested that world leaders now get down to redesigning the global financial system as it crumbled in 2008 amid economic recession. “The global financial crisis offers world leaders an opportunity to 'retool, redesign and reconceptualise' the system that crumbled in 2008,” said the micro-finance pioneer at the European Development Days function on Thursday. Prime Minister Sheikh Hasina is leading Bangladesh delegation at the function. She is scheduled to address it today.
In late 2009 the business community and economists often remark that the level of investment in the economy is too low. The Minister of Finance has recently expressed such concerns. What they mean is that to create jobs for the young people entering the labour force, to raise the productivity of workers, and to make the economy grow faster there has to be much more investment than is now taking place. We examine in this article some of the evidence that it is low and review some of the reasons for this. Perhaps by understanding the reasons it really is possible to figure out how to increase investment.
Private sector security services in Bangladesh have successfully explored a new market for wage earning by deploying trained people in guarding properties, business and private ventures in a Middle-Eastern country. G4S Security Services Bangladesh (P) Ltd is the first Bangladeshi company to avail the opportunity in UAE that earlier used to hire private security forces from Pakistan, India, Sri Lanka and Philippines.
