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Bangladesh

KEPZ to create job for 3 lakh people

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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

Renovations of Kuril slum under way

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Major renovations are under way in the Bangladeshi capital Dhaka after a fire razed 500 homes last month, with home builders trying to ensure that a similar disaster does not strike again. The central committee of the shanty town is trying to overhaul the entire Korail slum, indexoverseeing the construction of new homes with improved electrical wiring and ventilation. The fire, which claimed one life, spread quickly because homes are crammed close to each other. An estimated 500,000 people live on less than a quarter of a squ...

Bangladesh ranks 36th in inclusive development index

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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,

Nepal-Bangladesh Expo from Tuesday

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Embassy of the People’s Republic of Bangladesh in Kathmandu is organizing the 3rd Bangladesh Expo 2017 at the Bhrikuti Mandap Exhibition Hall from January 17 to 21. [caption id="attachment_25659" align="alignleft" width="540"]3rd-Bangladesh-Expo Masgfe Binte Shams (center), the ambassador of Bangaladesh to Nepal, along with other officials, attends a press conference on the 3rd Bangladesh Expo 2017 held in kathmandu on Friday. Photo: Dinesh Gole/Republica[/caption] The expo will showcase Banglades...

Rohingyas vow never to return to Myanmar

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Authorities in Dhaka have demanded that Myanmar repatriate tens of thousands of Rohingya Muslims who crossed the border to escape what they say is persecution, and are now living illegally in Bangladesh. Myanmar says it will accept a small fraction of the refugee population now in Bangladesh, but the Rohingya themselves say they are unwilling to go back to Myanmar’s Rakhine state. Refugee community leaders are appealing to “Rohingya-friendly” countries to take them in. Ko Ko Linn, a Rohingya community leader in Bangladesh, told VOA that conditions in Myanmar had become unlivable, particularly in recent weeks, and “they do not want to return to this anti-Rohingya Myanmar.” Rohingyas who fled Myanmar over the past decades live in this decrepit Kutupalong illegal

Govt, ADB ink $ 167m loan deal for gas sector

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The government today signed with the Asian Development Bank (ADB) a $167 million loan agreement for financing a project to improve infrastructure and operational efficiency of the country’s gas sector. The Asian Infrastructure Development Bank (AIIB) is expected to co-finance the project with an additional $60 million. The total cost of the project is $453 million, of which the government will finance $226 million from its own source, reports BSS. Last month, the ADB approved the loan amount to help promote sustainable economic growth adb1