Proper utilisation of fish, shrimp wastes stressed
The domestic fish production in Bangladesh has been steadily growing for several years with significant impact on GDP growth and ability of the country to meet the nutritional needs of its citizens.
The country is, however, yet to start reaping the benefits from fish wastes producing an important range of byproducts using those as raw materials.
The prospect in this regard is very bright with the country presently generating almost a million tons of fish wastes annually and they are hardly used systematically for further processing, reports BSS.
Trade facilitation emerged as key issue for world trading
Trade facilitation has emerged as the key issue for the world trading system in recent years. In November 2014, WTO members adopted a Protocol of Amendment which is a necessary step towards making the Trade Facilitation Agreement (TFA) an integral part of the WTO Agreements. TFA was successfully negotiated at the Bali Ministerial Conference in December 2013 as part of a wider set of ministerial decisions, according to the editorial of the current News Bulletin of International Chamber of Commerce-Bangladesh (ICCB) released on Thursday.
TFA will enter into force with the ratification by at least two-third of WTO members. So far, 72 countries have ratified the TFA. Since WTO members have a shared interest in facilitating
Governor to meet Fed chief, SWIFT official to recover heist money
Bangladesh Bank (BB) Governor Fazle Kabir is likely to meet the head of the Federal Reserve Bank of New York and a senior executive from global financial messaging service SWIFT next week to seek their firm steps to help recover the heist money, reports BSS.
“The governor will go to Basel, Switzerland next week”, the chief spokesperson of the central bank, Subhankar Saha, told BSS on Wednesday.
Basel is the headquarters of the Bank for International Settlements (BIS), a group of major central banks.
Shaha, also an executive di...
Basel is the headquarters of the Bank for International Settlements (BIS), a group of major central banks.
Shaha, also an executive di...
Contagious disease destroying Bangladesh wheat fields
Only desperate farmers would burn down their own fields before harvest. But, in Bangladesh, that’s exactly what wheat farmers are doing. They are trying to contain a devastating fungal infection, and their last option is to set fire to infected fields.
The infection, called wheat blast, was first detected in 1985 in Brazil. Since then, it has spread rapidly through South America. Its effects are so severe that many affected districts no longer grow wheat.
Caused by fungus Magnaporthe oryzae, wheat blast has now reached Bangl...
Caused by fungus Magnaporthe oryzae, wheat blast has now reached Bangl...
WB Bangladesh Development Update
The Bangladesh Development Update, April 2016 notes that Bangladesh economy remained strong and resilient despite external and internal challenges. Bangladesh is among the top 12 developing countries with a population of over 20 million, who achieved 6 plus percent growth in 2016. By any standards, Bangladesh economy has done well. Bangladesh needs to focus on a growth agenda centered on sustainable and inclusive growth.
Stable macro-economy. Overall inflation declined from 6.5% in March 2015 to 5.65% in March 2016. Food inflation declined from 6.4% to 3.9%, thanks to a good rice harvest, declining international food prices and a stable exchange rate. However non-food inflation rose from
UNESCAP expresses optimism on BD economy
A UN body namely United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) has expressed its optimism about Bangladesh’s potential though trimmed its growth forecast for the economy in 2015-16 fiscal year (July 2015-June 2016) at 6.8 percent.
UNESCAP made the projection in a latest report it published in Dhaka on Thursday, reports Xinhua.
“The outlook for growth remains optimistic, with growth being projected at 6.8 percent in 2016 and 7 percent in 2017,” said the report, titled “Economic and Social Survey of Asia and The Pacific 2016.”
According to the report, Bangladesh has sustained a robust and resilient economic growth rate ![]()
