11:12 pm - Friday February 24, 2017
Browse Category

Featured News

KEPZ to create job for 3 lakh people

2017-02-10_bss-21_990673
Korean Export Processing Zone (KEPZ) has a prospect to create jobs for 303,000 people, of whom 100,000 directly, by bringing total foreign investment worth $1.2 billion by the year 2020, officials of the country’s first-ever private EPZ said. “With the support of the government and the people of the locality, we would soon be able to go into full operation to explore the huge potentials,” said Jahangir Sadat, president of the KEPZ. He said the KEPZ situated at Anwara in Chittagong will have total 1.0 crore square feet (sft) of

Trump loses appeal court bid to reinstate travel ban

travel_ban
A US appeals court has rejected president Donald Trump's attempt to reinstate his ban on visitors from seven mainly Muslim countries. The 9th US Circuit Court of Appeals said it would not block a lower-court ruling that halted the order. Trump responded with an angry tweet saying national security was at risk and there would be a legal challenge. travel_banBut the 3-0 unanimous ruling said the government had not proved the terror threat justified reviving the ban. The ruling means that people from Iran, Iraq, ...

ADB for increasing private investment

adb1
Vice President of Asian Development Bank (ADB) Wencai Zhang today said Bangladesh needs to take steps to increase private investment for maintaining the present trend of economic growth. “Infrastructure development is imperative for Bangladesh to ensure an investment friendly environment,” said the visiting ADB vice president at a press conference here, reports BSS. He said Bangladesh needs to build developed road connectivity in the country and at the same adb1time it will have to attach importance to develop regional connectivity...

Export earnings to exceed $ 60b in 2021: Commerce Minister

Image 3
Four-day long 3 international sourcing trade shows on RMG industry with participation of around 400 companies from more than 24 countries began yesterday (18 January, 2017, Wednesday) at International Convention City, Bashundhara (ICCB) in a bid to making apparel industry more developed. Tofail Ahmed, M.P., Hon’ble Minister for Commerce, Govt. of People’s Republic of Bangladesh inaugurated the three international events as the chief guest. Annisul Huq, Mayor, Dhaka North City Corporation (DNCC) were also present at the event as the Special Guest. In the inaugural ceremony Tofail Ahmed said, Export earning was US$ 14 billion when the

Bangladesh ranks 36th in inclusive development index

women-in-bangladesh
World Economic Forum’s Inclusive Growth and Development Report 2017 said that India, with a score of only 3.38, ranks 60th among the 79 developing economies on the IDI (inclusive development index), despite the fact that its growth in GDP per capita is among the top 10 and labour productivity growth has been strong. China is placed 15th; Nepal is 27th, Bangladesh 36th while Pakistan is at 52nd place on the index. The report said that poverty has also been falling, albeit from a high level. On the other hand,

Fitch affirms Bangladesh at ‘BB-‘; Outlook stable

bb
Fitch Ratings has affirmed Bangladesh's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BB-'. The Outlooks on the Long-Term IDRs are Stable. The Country Ceiling has been affirmed at 'BB-' and the Short-Term Foreign- and Local-Currency IDRs at 'B'. KEY RATING DRIVERS Bangladesh's ratings balance strong foreign-currency earnings and high and stable real GDP growth against weak structural indicators, significant political risk and weak banking-sector health. Bangladesh's external finances are supported by comfortable and gradually rising foreign-exchange reserves, amounting to USD32.1bn in December 2016 (7.9 months of current external payments, compared with 4.4 months f...