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ADB trims Bangladesh fiscal growth forecast to 6.1pc

The Asian Development Bank (ADB) has trimmed its growth forecast for Bangladesh in the current 2014-15 fiscal year, citing a number of challenges. adb1In its update to the outlook, ADB said Tuesday that Bangladesh’ s economic and social progress notwithstanding, the country still faces a number of medium-to longer-term challenges, reports Xinhua. GDP or Gross Domestic Product growth in 2014-15 (July 2014-June 2015) is projected at 6.1 percent, lower than the 6.4 percent forecasted by the Asian Development Outlook 2014 Update, launched in September 2...

Youth Dialogue with DNCC mayoral candidates Thursday

The United Nations Development Programme (UNDP) in Bangladesh will host the first-ever Youth Dialogue with the mayoral candidates of Dhaka North City Corporation (DNCC) on Thursday. UNDP_552a4e980b606.pngThe Youth Dialogue, to be held at the Spectra Convention Centre in Gulshan, will be joined by young people from all parts of Dhaka providing them a platform to voice their concerns and questions regarding the upcoming city corporation’s mayoral elections in Dhaka North, said an official here on Sunday, reports U...

Political turmoil depleted $2.2b in 3 months

Bangladesh has incurred a loss of around $2.2 billion (approximately Tk 17,150 crore) in the last three months due to political instability, according to a World Bank report. violance BDThe WB revealed the findings today at the launch of Bangladesh Development Update Report 2015 at its Dhaka office. Unveiling the report, WB's Chief Economist Dr Zahid Hossain said, “The country incurred the financial lost due to political stalemate in Bangladesh.” Bangladesh faced huge financial loss in January, February and March this year, which i...

UNESCO chief condemns killing of Bangladeshi blogger

The head of the United Nations agency mandated to defend press freedom denounced today the murder of Washiqur Rahman Babu, a Bangladesh-based blogger, and reiterated the call for local authorities to defend freedom of expression and public debate in the South Asian country. Unesco chief“It is important that the Bangladeshi authorities find and prosecute those responsible for this attack,” Irina Bokova, Director-General of the UN Educational, Scientific and Cultural Organization (UNESCO), declared in a press release issued earlier toda...

British Foreign Office Peer discusses unrest in Bangladesh

A FOREIGN Office Peer visited Bradford to give its Bangladeshi community more details on the ongoing unrest in their native country. Lord William Wallace of Saltaire, Government Minister and spokesman for Foreign Affairs in the House of Lords, yesterday briefed David Ward, Lib Dem parliamentary candidate for Bradford East, about the continuing political stand-off in Bangladesh. [caption id="attachment_14777" align="alignleft" width="300"]brtian foreign peer David Ward with Foreign Office Peer Lord William Wallace of Saltaire[/c...

Economic zone in Bangladesh can boost Chinese FDI

The foreign direct investment (FDI) by China in Bangladesh can witness a phenomenal boost with an economic zone in place for Chinese investors, said new Chinese envoy Ma Mingqiang. “There could be a 50 per cent increase [in FDI],” said Mingqiang, adding, “Private companies are investing everywhere. If they are confident enough and are not left alone, they will be coming in more numbers.” BD_CHINADhaka has already cleared allocation of a separate economic and industrial zone in Chittagong for Chinese investors. Talking with senior journa...
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