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Economy

WB to provide additional $ 1b for childcare

World Bank President Jim Yong Kim today declared an additional USD 1 billion fund for Bangladesh to develop childcare in the country. The financing will be disbursed in the next two years and will be to develop the situation of child health and nutrition, the visiting WB chief said in a briefing. kim-wb-afp-wbKim made the announcement at a joint press conference after holding talks with Bangladesh Finance Minister AMA Muhith at his ministry office in Dhaka. ‘PADMA BRIDGE TROUBLES OVER’ Finance Minister M...

Bangladesh, China sign 26 deals, MoUs

Bangladesh and China today signed 26 agreements and Memorandum of Understanding (MoUs) during the landmark visit of Chinese President Xi Jinping. The agreements and MoU include boosting cooperation in counter-terrorism and infrastructure development and BD_CHINAenergy cooperation. Chinese President Xi Jinping and Prime Minister Sheikh Hasina witnessed the signing of the deals and MoUs. They also jointly unveiled six projects, including multi-lane tunnel beneath the Karnaphuli River in Chittagong from the prime minist...

Exports fall 5.6pc in September

Country’s exports fell 5.6 percent in September from the same period a year earlier to $2.24 billion, the Export Promotion Bureau said on Monday, 18 percent below target. For July-September, the first quarter of the country´s 2016-17 financial year, exports rose 4 percent to $8 billion from a year earlier, the Export Promotion Bureau said. Shipments of readymade garments, comprising knitwear and woven items, totalled $6.66 forexbillion in July-September, up 3.5 percent on-year. Garment exporters attributed the September dr...

Enhancing Dhaka-Beijing cooperation stressed

Leading economists, academics and policy researchers today stressed that Dhaka- Beijing cooperation should be further enhanced in the areas of energy, power, agriculture, education and human resources development. They said that smart negotiations and smooth implementation of Chinese funded projects are similarly important to encourage Foreign Direct Investment (FDI) from China with favourable terms and conditions, BSS reports. “Bangladesh needs very smart negotiations with China over the possibility of US$23 billion b... </div><!-- .entry-content --> </article><!-- #post-## --> <div class=

BD seeks Thai support to promote fisheries

Bangladesh today sought Thai expert supports to promote Bangladesh's fisheries sector as its ambassador in Dhaka Panpimon Suwannapongse called on Fisheries and Livestock Minister Muhammed Sayedul Hoque, reports BSS. Thai"They discussed issues of bilateral issues relating to particularly to fisheries sector when our minister sought the Thai expert supports," a spokesman of the ministry told BSS. In response, he said, the envoy invited the minister to visit Thai livestock and fisheries installations to get an idea for the proposed mutual ...

‘BB, stumbling block to recovery of stolen funds’

The $81-million cyber heist will not come to a significant conclusion unless Bangladesh Bank resumes its internal investigation, says a Filipino newspaper. The February 2016 incident of online theft of the BB money deposited with the New York Federal Reserve, rocked Bangladesh and the Philippines banking system. The Standard reported on Wednesday that recent developments suggested an inferior internal system led to a breakdown in the security of the funds held and managed by the Bangladesh Bank. “The central bank of Bangladesh, in a way, is the biggest stumbling block to the recovery of the
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